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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/3584

Title: Assessing fiscal episodes
Authors: Afonso, António
Jalles, João Tovar
Keywords: Fiscal consolidation
Non-Keynesian effects
Panel data
Logit
Issue Date: 2011
Publisher: ISEG. Departamento de Economia
Citation: Afonso, António, João Tovar Jalles. 2011. "Assessing fiscal episodes". Instituto Superior de Economia e Gestão - DE working papers nº 15-2011/DE/UECE
Series/Report no.: DE Working papers;nº 15-2011/DE/UECE
Abstract: In an OCDE panel, for the period 1970-2010, we assess the effects of fiscal consolidation episodes, with four different definitions. Our results reveal that lower final government consumption would increase private consumption in three out of the four approaches, when there is a fiscal consolidation, and the debt ratio is above the cross-country average. The change in the cyclically adjusted primary balance and the duration of the consolidation episode contribute for the success of the consolidation, and the opposite applies if the latter is more based on the revenue side. Finally, the effects of social transfers on private investment tend to be negative.
URI: http://hdl.handle.net/10400.5/3584
ISSN: 0874-4548
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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