000			01934nab#a2200313#c#4500
003			IEF
005			20180219161900.0
008			170803s2017 GBR|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aPaulus, Alari _963730
245			_aThe design of fiscal consolidation : measures in the European Unión _b distributional effects and implications for macro - economic recovery _c by Alari Paulus, Francesco Figari and Holly Sutherland
260			_c2017
500			_aDisponible en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Bibliografía.
650		4	_aPOLITICA FISCAL _948067
650		4	_aCONSOLIDACION _940606
650		4	_aPOLITICA DE GASTO PUBLICO _948053
650		4	_aGASTO PUBLICO _944787
650		4	_aPRESUPUESTOS _948131
650		4	_aREDUCCION _948220
650		4	_aUNION EUROPEA _948644
520			_aThe paper considers the austerity measures introduced in the wake of the financialand economic crisis in the late 2000s in relation to their distributional impact acrosshouseholds and potential effects on aggregate demand.We determine the size, composition and effects of fiscal consolidation using a .bottom-up. measurement strategy and find notable cross-country variation. We show that while richer households tend to bear a greater burden in most countries,combined cuts in public wages and transfers are more likely to affect liquidity-constrained households and thereby aggregate demand, casting doubts on the presumed effectiveness of such measures for macro-economic recovery. This suggests that in order to reach robust policy conclusions it is important to consider the distributional patterns of detailed policy measures.
700	1		_aFigari, Francesco _963404
700	1		_aSutherland, Holly _942792
773	0		_tOxford Economic Papers _w120956 _gv. 69, n. 3, July 2017, p. 632-654
942			_cART
942			_z148373
999			_c68612 _d68612