From austerity to expansion? Consolidation, budget surpluses, and the decline of fiscal capacity
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Roberto Perotti, 2012.
"The "Austerity Myth": Gain without Pain?,"
NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 307-354,
National Bureau of Economic Research, Inc.
- Roberto Perotti, 2011. "The "Austerity Myth": Gain Without Pain?," NBER Working Papers 17571, National Bureau of Economic Research, Inc.
- Adi Brender & Allan Drazen, 2008. "How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries," American Economic Review, American Economic Association, vol. 98(5), pages 2203-2220, December.
- Lars Calmfors & Simon Wren-Lewis, 2011.
"What should fiscal councils do? [Fiscal policy when monetary policy is tied to the mast],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(68), pages 649-695.
- Calmfors, Lars & Wren-Lewis, Simon, 2010. "What Should Fiscal Councils Do?," Seminar Papers 768, Stockholm University, Institute for International Economic Studies.
- Lars Calmfors & Simon Wren-Lewis, 2011. "What Should Fiscal Councils Do?," CESifo Working Paper Series 3382, CESifo.
- Simon Wren-Lewis & Lars Calmfors, 2011. "What should fiscal councils do?," Economics Series Working Papers 537, University of Oxford, Department of Economics.
- Claes Belfrage & Magnus Ryner, 2009. "Renegotiating the Swedish Social Democratic Settlement: From Pension Fund Socialism to Neoliberalization," Politics & Society, , vol. 37(2), pages 257-287, June.
- Alberto Alesina & Silvia Ardagna, 2010.
"Large Changes in Fiscal Policy: Taxes versus Spending,"
NBER Chapters, in: Tax Policy and the Economy, Volume 24, pages 35-68,
National Bureau of Economic Research, Inc.
- Alberto F. Alesina & Silvia Ardagna, 2009. "Large Changes in Fiscal Policy: Taxes Versus Spending," NBER Working Papers 15438, National Bureau of Economic Research, Inc.
- Alesina, Alberto Francesco & Ardagna, Silvia, 2010. "Large Changes in Fiscal Policy: Taxes versus Spending," Scholarly Articles 22801844, Harvard University Department of Economics.
- Alberto Alesina & Roberto Perotti, 1995. "Fiscal Expansions and Fiscal Adjustments in OECD Countries," NBER Working Papers 5214, National Bureau of Economic Research, Inc.
- Gösta Ljungman, 2007. "The Medium-Term Fiscal Framework in Sweden," OECD Journal on Budgeting, OECD Publishing, vol. 6(3), pages 1-17.
- Molander, Per, 2001. "Budgeting Procedures and Democratic Ideals: An Evaluation of Swedish Reforms," Journal of Public Policy, Cambridge University Press, vol. 21(1), pages 23-52, January.
- Alberto Alesina & Silvia Ardagna, 2013.
"The Design of Fiscal Adjustments,"
Tax Policy and the Economy, University of Chicago Press, vol. 27(1), pages 19-68.
- Alberto Alesina & Silvia Ardagna, 2013. "The Design of Fiscal Adjustments," NBER Chapters, in: Tax Policy and the Economy, Volume 27, pages 19-67, National Bureau of Economic Research, Inc.
- Alberto F. Alesina & Silvia Ardagna, 2012. "The design of fiscal adjustments," NBER Working Papers 18423, National Bureau of Economic Research, Inc.
- Alesina, Alberto Francesco & Ardagna, Silvia, 2013. "The Design of Fiscal Adjustments," Scholarly Articles 22801843, Harvard University Department of Economics.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
- Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
- Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
- Mr. Ian Lienert, 2010. "Should Advanced Countries Adopt a Fiscal Responsibility Law?," IMF Working Papers 2010/254, International Monetary Fund.
- Streeck, Wolfgang & Mertens, Daniel, 2011. "Fiscal austerity and public investment: Is the possible the enemy of the necessary?," MPIfG Discussion Paper 11/12, Max Planck Institute for the Study of Societies.
- Goran Persson, 1996. "The Swedish experience in reducing budget deficits and debt," Economic Review, Federal Reserve Bank of Kansas City, vol. 81(Q I), pages 7-9.
- Agell, Jonas & Englund, Peter & Sodersten, Jan, 1996.
"Tax Reform of the Century -- the Swedish Experiment,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 49(4), pages 643-664, December.
- Agell, J & Englund, P & Sodersten, J, 1996. "Tax reform of the Century - the Swedish Experiment," Papers 1996-13, Uppsala - Working Paper Series.
- Agell, Jonas & Englund, Peter & Södersten, Jan, 1996. "Tax Reform of the Century - The Swedish Experiment," Working Paper Series 1996:13, Uppsala University, Department of Economics.
- Wagschal, Uwe & Wenzelburger, Georg, 2008. "Roads to Success: Budget Consolidations in OECD Countries," Journal of Public Policy, Cambridge University Press, vol. 28(3), pages 309-339, December.
- Mr. Daniel Leigh & Mr. Andrea Pescatori & Mr. Jaime Guajardo, 2011. "Expansionary Austerity New International Evidence," IMF Working Papers 2011/158, International Monetary Fund.
- Herman Schwartz, 2012. "Housing, the Welfare State, and the Global Financial Crisis," Politics & Society, , vol. 40(1), pages 35-58, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Svallfors, Stefan, 2015. "Politics as organized combat: New players and new rules of the game in Sweden," MPIfG Discussion Paper 15/2, Max Planck Institute for the Study of Societies.
- Vladimir Ilyin & Anna Povarova, 2019. "Consolidated Taxation and Its Consequences for Regional Budgets," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 70-83.
- Stefan Svallfors, 2016. "Politics as organised combat – New players and new rules of the game in Sweden," New Political Economy, Taylor & Francis Journals, vol. 21(6), pages 505-519, November.
- Streeck, Wolfgang, 2015. "The rise of the European consolidation state," MPIfG Discussion Paper 15/1, Max Planck Institute for the Study of Societies.
- I. Bukina S. & И. Букина С., 2018. "Политика Финансовой Консолидации И Развитие Экономики В Условиях Внешних Шоков // The Policy Of Financial Consolidation And Economic Development In The Face Of External Shocks," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 22(1), pages 6-21.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Haffert, Lukas, 2016. "Permanent budget surpluses as a fiscal regime," MPIfG Discussion Paper 16/1, Max Planck Institute for the Study of Societies.
- Wiese, Rasmus & Jong-A-Pin, Richard & de Haan, Jakob, 2018. "Can successful fiscal adjustments only be achieved by spending cuts?," European Journal of Political Economy, Elsevier, vol. 54(C), pages 145-166.
- Rasmus Wiese & Richard Jong-A-Pin & Jakob de Haan, 2015. "Are expenditure cuts the only effective way to achieve successful fiscal adjustment," DNB Working Papers 477, Netherlands Central Bank, Research Department.
- Alberto Botta, 2020.
"The short- and long-run inconsistency of the expansionary austerity theory: a post-Keynesian/evolutionist critique,"
Journal of Evolutionary Economics, Springer, vol. 30(1), pages 143-177, January.
- Alberto Botta, 2016. "The Short- and Long-run Inconsistency of the Expansionary Austerity Theory: A Post-Keynesian/Evolutionist Critique," Economics Working Paper Archive wp_878, Levy Economics Institute.
- Szilárd Benk & Zoltán M. Jakab, 2012. "Non-Keynesian Effects of Fiscal Consolidation: An Analysis with an Estimated DSGE Model for the Hungarian Economy," OECD Economics Department Working Papers 945, OECD Publishing.
- Alari PaulusBy & Francesco Figari & Holly Sutherland, 2017.
"The design of fiscal consolidation measures in the European Union: distributional effects and implications for macro-economic recovery,"
Oxford Economic Papers, Oxford University Press, vol. 69(3), pages 632-654.
- Figari, Francesco & Paulus, Alari & Sutherland, Holly, 2015. "The design of fiscal consolidation measures in the European Union: distributional effects and implications for macroeconomic recovery," EUROMOD Working Papers EM5/15, EUROMOD at the Institute for Social and Economic Research.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019.
"Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment,"
Post-Print
halshs-02318369, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Post-Print halshs-02315727, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Post-Print halshs-02316053, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced - budget rule: taxes versus spending - based adjustment," Post-Print hal-02315146, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Working Papers hal-02153840, HAL.
- Branimir Jovanovic, 2017.
"Growth forecast errors and government investment and consumption multipliers,"
International Review of Applied Economics, Taylor & Francis Journals, vol. 31(1), pages 83-107, January.
- Branimir Jovanovic, 2013. "Growth Forecast Errors and Government Investment and Consumption Multipliers," CEIS Research Paper 301, Tor Vergata University, CEIS, revised 17 Dec 2013.
- Yang, Weonho & Fidrmuc, Jan & Ghosh, Sugata, 2015.
"Macroeconomic effects of fiscal adjustment: A tale of two approaches,"
Journal of International Money and Finance, Elsevier, vol. 57(C), pages 31-60.
- Weonho Yang & Jan Fidrmuc & Sugata Ghosh, 2013. "Macroeconomic Effects of Fiscal Adjustment: A Tale of two Approaches," CESifo Working Paper Series 4401, CESifo.
- Breuer, Christian, 2013. "On the Identification and Macroeconomic Effects of Discretionary Changes in Fiscal Policy," MPRA Paper 52056, University Library of Munich, Germany, revised 22 Nov 2013.
- T. Buyse & F. Heylen, 2012. "Leaving the empirical (battle)ground: Output and welfare effects of fiscal consolidation in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/826, Ghent University, Faculty of Economics and Business Administration.
- Canale, Rosaria Rita & De Simone, Elina & Spagnolo, Nicola, 2021. "Financial markets and fiscal discipline in the Eurozone," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 490-499.
- Benjamin Born & Gernot J. Müller & Johannes Pfeifer, 2020.
"Does Austerity Pay Off?,"
The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 323-338, May.
- Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2014. "Does austerity pay off?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100301, Verein für Socialpolitik / German Economic Association.
- Müller, Gernot & Pfeifer, Johannes & Born, Benjamin, 2015. "Does austerity pay off?," CEPR Discussion Papers 10425, C.E.P.R. Discussion Papers.
- Born, Benjamin & Müller, Gernot J. & Pfeifer, Johannes, 2015. "Does austerity pay off?," SAFE Working Paper Series 77, Leibniz Institute for Financial Research SAFE, revised 2015.
- Eddie Casey & Joe Durkan & David Duffy, 2013. "Fiscal Consolidation Strategies: Evidence from the International Experience," Open Access publications 10197/5999, School of Economics, University College Dublin.
- Bernd Hayo & Florian Neumeier, 2017.
"Public Attitudes toward Fiscal Consolidation: Evidence from a Representative German Population Survey,"
Kyklos, Wiley Blackwell, vol. 70(1), pages 42-69, February.
- Bernd Hayo & Florian Neumeier, 2013. "Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey," MAGKS Papers on Economics 201351, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Bernd Hayo & Florian Neumeier, 2014. "Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey," Working Papers CEB 14-006, ULB -- Universite Libre de Bruxelles.
- Hans Pitlik & Michael Klien & Stefan Schiman-Vukan, 2017. "Stabilitätskonforme Berücksichtigung nachhaltiger öffentlicher Investitionen," WIFO Studies, WIFO, number 60595.
- Hüseyin ŞEN & Ayşe KAYA, 2017. "Mali Konsolidasyon Büyüme ve İstihdam için Bir Çıpa mı, Mali Tuzak mı? Teorik ve Ampirik Literatür Temelli Bir Analiz," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).
- Walter Paternesi Meloni, 2017. "Austerity & Competitiveness in the Eurozone: a misleading linkage," Departmental Working Papers of Economics - University 'Roma Tre' 0223, Department of Economics - University Roma Tre.
- Holden, Steinar & Larsson Midthjell, Nina, 2013.
"Successful Fiscal Adjustments: Does choice of fiscal instrument matter?,"
Memorandum
23/2013, Oslo University, Department of Economics.
- Steinar Holden & Nina Larsson Midthjell, 2013. "Successful Fiscal Adjustments - Does Choice of Fiscal Instrument Matter?," CESifo Working Paper Series 4456, CESifo.
- Attinasi, Maria Grazia & Klemm, Alexander, 2016.
"The growth impact of discretionary fiscal policy measures,"
Journal of Macroeconomics, Elsevier, vol. 49(C), pages 265-279.
- Attinasi, Maria Grazia & Klemm, Alexander, 2014. "The growth impact of discretionary fiscal policy measures," Working Paper Series 1697, European Central Bank.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:mpifgd:1316. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/mpigfde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.