Fiscal policy in good times and bad

被引：224

作者：

Perotti, R ^{[1
]}

机构：

[1] Columbia Univ, New York, NY 10027 USA

[2] Ctr Econ Policy Res, London SW1Y 6LA, England

来源：

QUARTERLY JOURNAL OF ECONOMICS | 1999年 / 114卷 / 04期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1162/003355399556304

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the 1980s several countries with large government debt or deficit implemented substantial, and in some cases drastic, deficit cuts. Contrary to widespread expectations, in many cases private consumption boomed rather than contracted. This paper shows that in times of "fiscal stress'' shocks to government revenues and, especially, expenditure have very different effects on private consumption than in "normal'' times.

引用

页码：1399 / 1436

页数：38

共 33 条

[1]

Alesina A, 1997, INT MONET FUND S PAP, V44, P210

[2]

Alesina A., 1993, AM ECON REV, V81, P1170

[3]

Alesina A., 1995, ECON POLICY, V21, P207, DOI DOI 10.2307/1344590

[4]

Alesina A., 1996, SWEDISH EC POLICY RE, V3, P13

[5]

Alesina Alberto., 1998, Economic Policy, V13, P489, DOI DOI 10.1111/1468-0327.00039

[6]

ASCHAUER DA, 1985, AM ECON REV, V75, P117

[7] IS CONSUMPTION GROWTH CONSISTENT WITH INTERTEMPORAL OPTIMIZATION - EVIDENCE FROM THE CONSUMER EXPENDITURE SURVEY [J].

ATTANASIO, OP ;

WEBER, G .

JOURNAL OF POLITICAL ECONOMY, 1995, 103 (06) :1121-1157

[8]

Attanasio OP, 1995, AM ECON REV, V85, P1118

[9]

BLANCHARD O, 1999, UNPUB EMPIRICAL INVE

[10]

BLANCHARD O, 1993, POLITICAL EC GOVT DE

← 1 2 3 4 →