Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Composition and Macroeconomic Effects

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects
This paper studies how the composition of fiscal adjustments influences their likelihood of "success", defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are... READ MORE...

Publication date: July 1996
ISBN 9781451960433
$15.00

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