Arbeitspapier
Fiscal policy and fiscal fragility: Empirical evidence from the OECD
In this paper, we use local projections to investigate the impact of consolidation shocks on GDP growth, conditional on the fragility of government finances. Based on a database of fiscal plans in OECD countries, we show that spending shocks are less detrimental than tax-based consolidation. In times of fiscal fragility, our results indicate strongly that governments should consolidate through surprise policy changes rather than announcements of consolidation at a later horizon.
- Sprache
-
Englisch
- Erschienen in
-
Series: IWH Discussion Papers ; No. 13/2019
- Klassifikation
-
Wirtschaft
Fiscal Policy
National Debt; Debt Management; Sovereign Debt
- Thema
-
fiscal multipliers
fiscal consolidation
local projections
- Ereignis
-
Geistige Schöpfung
- (wer)
-
El-Shagi, Makram
von Schweinitz, Gregor
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
- (wo)
-
Halle (Saale)
- (wann)
-
2019
- Handle
- URN
-
urn:nbn:de:gbv:3:2-107570
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- El-Shagi, Makram
- von Schweinitz, Gregor
- Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
Entstanden
- 2019
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