Uncertain Fiscal Consolidations
Bibliographic Data
| ID | 9708640 |
|---|---|
| Authors | Huixin Bi (Bank of Canada), Eric M Leeper (Indiana University, Monash University and NBER), Campbell Leith (0000-0002-6406-2636, University of Glasgow) |
| Year | 2013 |
| Volume | 123 |
| Issue | 566 |
| Pages | F31-F63 |
| Publication date | 2013-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12011 |
| OpenAlex | W2161727342 |
| Language | EN |
| Citations received | 5 |
| References cited | 21 |
The paper explores the macroeconomic consequences of fiscal consolidations whose \ntiming and composition—either tax- or spending-based—are uncertain. We find that \nthe composition of the fiscal consolidation, its duration, the monetary policy stance, the \nlevel of government debt, and expectations over the likelihood and composition of fiscal \nconsolidations all matter in determining the extent to which a given consolidation is \nexpansionary or successful in stabilising government debt. We argue that the conditions \nthat could render fiscal consolidation efforts expansionary are unlikely to apply in the \ncurrent economic environment
Economics · Library science · Management · Political science · Computer Science · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
Discretion versus policy rules in practice
Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies
Large Changes in Fiscal Policy
Fiscal Volatility Shocks and Economic Activity
Fiscal Expansions and Adjustments in OECD Countries
Fiscal Consolidations
Interactions between Monetary and Fiscal Policy Rules
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,45 |
| Citation span | 2015 - 2023 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |