Fiscal policy in good times and bad
By: Perotti, Roberto.
Material type:
ArticlePublisher: 1999Description: p.1399-436.Subject(s): Fiscal policy
In:
Quarterly Journal of EconomicsSummary: 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. - Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 114, Issue no: 4 | Available | AR44030 |
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. - Reproduced
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