Arbeitspapier
An evaluation of alternative fiscal adjustment plans
What advice can be given to the policymaker to reduce the burden of public debt after a crisis? In this situation, the debt consolidation calls for fiscal surplus based on increases in taxes and/or reductions in public spending. This paper aims at answering to the above question. Specifically, it evaluates different policy options on the table using the estimated model of the Italian dynamic General Equilibrium Model (IGEM). Our main message is that plans aimed at reducing the public debt based on tax increases rather than expenditure reductions are more effective. Therefore, consolidation should be designed on the former.
- Sprache
-
Englisch
- Klassifikation
-
Wirtschaft
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Fiscal Policy
- Thema
-
Austerity
Public debt
Output
Fiscal adjustment plans
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Acocella, Nicola
Beqiraj, Elton
Di Bartolomeo, Giovanni
Di Pietro, Marco
Felici, Francesco
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW – Leibniz Information Centre for Economics
- (wo)
-
Kiel, Hamburg
- (wann)
-
2019
- Handle
- 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
- Acocella, Nicola
- Beqiraj, Elton
- Di Bartolomeo, Giovanni
- Di Pietro, Marco
- Felici, Francesco
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2019
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