Publication

Can successful fiscal adjustments only be achieved by spending cuts?

Wiese, R., Jong-A-Pin, R. & de Haan, J., Sep-2018, In : European Journal of Political Economy. 54, p. 145-166 22 p.

Research output: Contribution to journalArticleAcademicpeer-review

APA

Wiese, R., Jong-A-Pin, R., & de Haan, J. (2018). Can successful fiscal adjustments only be achieved by spending cuts? European Journal of Political Economy, 54, 145-166. https://doi.org/10.1016/j.ejpoleco.2018.01.003

Author

Wiese, Rasmus ; Jong-A-Pin, Richard ; de Haan, Jakob. / Can successful fiscal adjustments only be achieved by spending cuts?. In: European Journal of Political Economy. 2018 ; Vol. 54. pp. 145-166.

Harvard

Wiese, R, Jong-A-Pin, R & de Haan, J 2018, 'Can successful fiscal adjustments only be achieved by spending cuts?', European Journal of Political Economy, vol. 54, pp. 145-166. https://doi.org/10.1016/j.ejpoleco.2018.01.003

Standard

Can successful fiscal adjustments only be achieved by spending cuts? / Wiese, Rasmus; Jong-A-Pin, Richard; de Haan, Jakob.

In: European Journal of Political Economy, Vol. 54, 09.2018, p. 145-166.

Research output: Contribution to journalArticleAcademicpeer-review

Vancouver

Wiese R, Jong-A-Pin R, de Haan J. Can successful fiscal adjustments only be achieved by spending cuts? European Journal of Political Economy. 2018 Sep;54:145-166. https://doi.org/10.1016/j.ejpoleco.2018.01.003


BibTeX

@article{3f8a5f097b7945a3ac7c9296a5de34b9,
title = "Can successful fiscal adjustments only be achieved by spending cuts?",
abstract = "We re-examine the conventional view that to be successful, fiscal adjustments should rely on spending cuts and not on tax increases. We apply the Bai-Perron structural break filter to identify fiscal adjustments and their successfulness in 20 OECD countries. Our results suggest that the composition of fiscal adjustments is not related to their success. Furthermore, we find that political-economy variables considered are not robustly related to successful fiscal adjustments with one exception: the probability of a successful fiscal adjustment increases if left-wing goverments rely on spending cuts and right-wing governments rely on tax increases.",
keywords = "Fiscal adjustments, Fiscal consolidation, Deficit reduction, Fiscal policy reforms, Taxes versus spending, Taxation, Government expenditure, POLITICAL-ECONOMY, STRUCTURAL-CHANGE, VETO PLAYERS, POLICY, CONSOLIDATIONS, MODELS, AUSTERITY, COUNTRIES, REFORMS, DEFICIT",
author = "Rasmus Wiese and Richard Jong-A-Pin and {de Haan}, Jakob",
year = "2018",
month = "9",
doi = "10.1016/j.ejpoleco.2018.01.003",
language = "English",
volume = "54",
pages = "145--166",
journal = "European Journal of Political Economy",
issn = "0176-2680",
publisher = "ELSEVIER SCIENCE INC",

}

RIS

TY - JOUR

T1 - Can successful fiscal adjustments only be achieved by spending cuts?

AU - Wiese, Rasmus

AU - Jong-A-Pin, Richard

AU - de Haan, Jakob

PY - 2018/9

Y1 - 2018/9

N2 - We re-examine the conventional view that to be successful, fiscal adjustments should rely on spending cuts and not on tax increases. We apply the Bai-Perron structural break filter to identify fiscal adjustments and their successfulness in 20 OECD countries. Our results suggest that the composition of fiscal adjustments is not related to their success. Furthermore, we find that political-economy variables considered are not robustly related to successful fiscal adjustments with one exception: the probability of a successful fiscal adjustment increases if left-wing goverments rely on spending cuts and right-wing governments rely on tax increases.

AB - We re-examine the conventional view that to be successful, fiscal adjustments should rely on spending cuts and not on tax increases. We apply the Bai-Perron structural break filter to identify fiscal adjustments and their successfulness in 20 OECD countries. Our results suggest that the composition of fiscal adjustments is not related to their success. Furthermore, we find that political-economy variables considered are not robustly related to successful fiscal adjustments with one exception: the probability of a successful fiscal adjustment increases if left-wing goverments rely on spending cuts and right-wing governments rely on tax increases.

KW - Fiscal adjustments

KW - Fiscal consolidation

KW - Deficit reduction

KW - Fiscal policy reforms

KW - Taxes versus spending

KW - Taxation

KW - Government expenditure

KW - POLITICAL-ECONOMY

KW - STRUCTURAL-CHANGE

KW - VETO PLAYERS

KW - POLICY

KW - CONSOLIDATIONS

KW - MODELS

KW - AUSTERITY

KW - COUNTRIES

KW - REFORMS

KW - DEFICIT

U2 - 10.1016/j.ejpoleco.2018.01.003

DO - 10.1016/j.ejpoleco.2018.01.003

M3 - Article

VL - 54

SP - 145

EP - 166

JO - European Journal of Political Economy

JF - European Journal of Political Economy

SN - 0176-2680

ER -

ID: 67323722