Autore
Zaghini, Andrea

Titolo
Nuovi approcci alla politica fiscale ed evidenza empirica.
Periodico
Economia politica
Anno: 2001 - Volume: 18 - Fascicolo: 3 - Pagina iniziale: 427 - Pagina finale: 460

The paper analyses and discusses the relationship among fiscal contractions, permanent improvements in public finances and short-run macroeconomic performance. In the last decade, new theoretical approaches have been proposed from a lively literature and many studies tried to support theory with a clear empirical evidence. The main idea is that fiscal consolidations that concentrate on the expenditure side and unfold over a relatively long time span are more likely to succeed in reducing the public debt ratio than tax-based or shorter adjustments. Furthermore, macroeconomic consequences are strictly related to fiscal successfulness: only successful contractions do not trigger economic slowdowns. The policy implications of this new approach are here discussed and investigated with respect to the empirical evidence.



SICI: 1120-2890(2001)18:3<427:NAAPFE>2.0.ZU;2-9
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1428/2014
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