Strategic fiscal interaction among OECD countries
نویسندگان
چکیده
منابع مشابه
Fiscal Transparency and Fiscal Policy Outcomes in Oecd Countries
It is widely believed and often argued that budget process transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is far from compelling. We modify the "debt as precommitment" model of Alesina and Tabellini (1990) by allowing for budget inertia and reputational costs. These modest changes produce an equilibrium level...
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Following the present atmosphere of budgetary cuts we analyze the effects of fiscal consolidation on the composition of government expenditures by functions. Using a dynamic voter group decision model and exploiting the panel structure of the dataset – 26 OECD countries over the period 1970-1997by GMM estimation we find that fiscal adjustments protect social expenditure. Nevertheless, we find t...
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ژورنال
عنوان ژورنال: Public Choice
سال: 2010
ISSN: 0048-5829,1573-7101
DOI: 10.1007/s11127-010-9641-6