000			00808pab a2200157 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aPerotti, Roberto
245			_aFiscal policy in good times and bad
260			_c1999
300			_ap.1399-436
362			_aNov
520			_aIn 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
650			_aFiscal policy
773			_aQuarterly Journal of Economics
909			_a43633
999			_c43633 _d43633