000			01823nab#a2200265#c#4500
003			IEF
005			20180219170108.0
008			170626s2017 GBR|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aGoujard, Antoine _962396
245			_aCross - country spillovers from fiscal consolidations _c Antoine Goujard
260			_c2017
500			_aDisponible en formato electrónico a través de la Biblioteca del IEF. Resumen. Conclusión. Bibliografía.
650		4	_aPOLITICA FISCAL _948067
650		4	_aCONSOLIDACION _940606
650		4	_aGASTO PUBLICO _944787
650		4	_aDEFICIT PUBLICO _941783
650		4	_aREDUCCION _948220
520			_aIn the aftermath of the global financial crisis, many OECD countries adopted fiscal consolidation strategies to reduce their debt-to-GDP ratios. This paper investigates the effects of fiscal consolidation on trading partners. growththrough trade linkages. Using a measure of exogenous fiscal shocks in exportmarkets, fiscal consolidation spillovers are found to slow down domestic growth and decrease employment. To the extent that fiscal consolidations are synchronised, fiscal policies have large spillover effects on output. Spillovers of fiscal consolidations on growth are found to be initially larger betweencountries belonging to currency unions, though this larger impact vanishes over the medium term. Larger spillovers of fiscal consolidation coincide with lower bilateral exports, higher bilateral imports and relative increases in unitlabour costs in currency unions. Spillovers of fiscal consolidation are also found to be more detrimental to domestic growth during economic downturns in export markets.
773	0		_tFiscal Studies _w55561 _gv. 38, n. 2, June 2017, p. 219-267
942			_cART
942			_z148198
999			_c102931 _d102931