| 000 | 01852nab#a2200265#c#4500 | ||
|---|---|---|---|
| 999 |
_c131158 _d131158 |
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| 003 | IEF | ||
| 005 | 20210521110241.0 | ||
| 008 | 051104s2005 ESP|| #####0 b|SPA|u | ||
| 040 |
_aIEF _cES-MaIEF |
||
| 041 | _aSPA | ||
| 100 | 1 |
_aMulas Granados, Carlos _939451 |
|
| 245 |
_aFiscal adjustments and the short-term trade-off between economic growth and equality _c Carlos Mulas-Granados |
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| 260 | _c2005 | ||
| 520 | _aThis article examines the short-term economic impact of alternative fiscal adjustment strategies, with special focus on their effect on economic growth and income distribution. Based on a sample of 53 adjustment episodes occurred in the fifteen EU Member States between 1960 - 2000, this article shows thatdifferent strategies of fiscal adjustment bring about different economic consequences. Expenditure - based adjustments that are preceded by bad economic and fiscal initial conditions, that are accompanied by a devaluation, and that succeedin cutting the least productive expenditures of the budget, are likely to have anti - Keynesian effects, and to be expansionary. Nevertheless, they do so at the expense of increasing income inequality. The opposite is true for revenue - based consolidation. The nineties epitomize the story of expansionary fiscal consolidations via strong wealth and credibility effects but also the birth of the trade - off between growth and equality, mediated by fiscal policy. | ||
| 650 | 4 |
_aAJUSTES FISCALES _917793 |
|
| 650 | 4 |
_aDESARROLLO ECONOMICO _950224 |
|
| 650 | 4 |
_aIGUALDAD _945530 |
|
| 650 | 4 |
_aDESIGUALDAD _942588 |
|
| 650 | 4 |
_aTECNICAS PRESUPUESTARIAS _948533 |
|
| 773 | 0 |
_tHacienda pública española _w34570 _gn. 172, (1/2005), p. 61-92 |
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| 856 | _uhttps://www.ief.es/docs/destacados/publicaciones/revistas/hpe/172_Art3.pdf | ||
| 942 | _2udc | ||
| 942 | _2udc | ||