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Fiscal consolidation in America : the policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10009130507
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The Political Economy of Fiscal Consolidation
Price, Robert - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10012446110
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Governmental Accounting and Austerity Policies : Accounting Representations of Public Debt and Deficit in Europe and Abroad
Biondi, Yuri - 2016
This article provides a theoretical view on European Public Sector Accounting Standards (EPSAS), focusing on overarching accounting principles and models, as well as their consequences on the working and the very existence of public service activity. Our analysis applies to illustrative cases...
Persistent link: https://www.econbiz.de/10014159182
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The Confidence Effects of Fiscal Consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - C.E.P.R. Discussion Papers - 2014
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission …) show that consolidations, and in particular their unanticipated components affect confidence negatively. The effects are … accurate picture of how consolidations affect confidence, we construct a monthly dataset of consolidation announcements based …
Persistent link: https://www.econbiz.de/10011083434
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Fiscal Consolidation in Germany: Gain without Pain?
Breuer, Christian - In: CESifo Forum 16 (2015) 2, pp. 50-53
Persistent link: https://www.econbiz.de/10011696181
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Fiscal Consolidation in America: The Policy Options
Altshuler, Rosanne; Bosworth, Barry - Department of Economics, Rutgers University-New Brunswick - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10009372748
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
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Trust in government and fiscal adjustments : conference paper
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2014
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10010483952
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The macroeconomic effects of fiscal consolidation in dynamic general equilibrium
Schwarzmüller, Tim; Wolters, Maik H. - 2014
We provide a systematic analysis of fiscal consolidation in a medium-scale dynamic general equilibrium model. Our results show that the choice of the consolidation instrument is very important, not only with respect to the short- and long-run output effects of the different consolidation...
Persistent link: https://www.econbiz.de/10010416675
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Fiscal Consolidation in Southeastern European Countries : The Role of Budget Institutions
Olden, Brian - 2013
This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country's understanding of the scale of the fiscal adjustment challenge, its ability to...
Persistent link: https://www.econbiz.de/10013090364