| 000 | 02325cam a22003617 4500 | ||
|---|---|---|---|
| 001 | w17655 | ||
| 003 | NBER | ||
| 005 | 20211020110717.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2011 mau fo 000 0 eng d | ||
| 100 | 1 | _aAlesina, Alberto F. | |
| 245 | 1 | 4 |
_aThe Electoral Consequences of Large Fiscal Adjustments / _cAlberto F. Alesina, Dorian Carloni, Giampaolo Lecce. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2011. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w17655 |
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| 500 | _aDecember 2011. | ||
| 520 | 3 | _aThe conventional wisdom regarding the political consequences of large reductions of budget deficits is that they are very costly for the governments which implement them: they are punished by voters at the following elections. In the present paper, instead, we find no evidence that governments which quickly reduce budget deficits are systematically voted out of office in a sample of 19 OECD countries from 1975 to 2008. We also take into consideration issues of reverse causality, namely the possibility that only "strong and popular" governments can implement fiscal adjustments and thus they are not voted out of office "despite" having reduced the deficits. In the end we conclude that many governments can reduce deficits avoiding an electoral defeat. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aH2 - Taxation, Subsidies, and Revenue _2Journal of Economic Literature class. |
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| 690 | 7 |
_aH3 - Fiscal Policies and Behavior of Economic Agents _2Journal of Economic Literature class. |
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| 690 | 7 |
_aH5 - National Government Expenditures and Related Policies _2Journal of Economic Literature class. |
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| 700 | 1 | _aCarloni, Dorian. | |
| 700 | 1 | _aLecce, Giampaolo. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w17655. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w17655 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w17655 |
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_2ddc _cW-PAPER |
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_c330468 _d289030 |
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