The political economy of government debt by Alberto Alesina and Andrea Passalacqua published by NBER (11/2015), indicated by Alvaro Manoel. This paper critically reviews the literature which explains why and under which circumstances governments accumulate more debt than it…
Assuntos EconômicosBiblioteca Virtual
Fiscal Adjustments in OECD Countries (Alesina & Perotti)
Fiscal adjustments in OECD countries: composition and macroeconomic effects by Alberto Alesina and Roberto Perotti published by NBER (8/1996). “This paper studies how the composition of fiscal adjustments influences their likehood of success, defined as a long lasting deficit…
Assuntos EconômicosEnglish/Español
Tax Increases x Spending Cuts (Rugy & Alesina)
Austerity: the relative effects of tax increases versus spending cuts by Veronique de Rugy and Alberto Alesina, published by Mercatus Center (3/2013). “A new study expands on previous research that examined why there was an 80 percent failure rate…
Assuntos EconômicosAssuntos FiscaisDicasEnglish/Español
Fiscal adjustments (Alesina)
Fiscal adjustments and the recession, by Alberto Alesina, published by VOXEU. This column presents recent research on the impacts of these policies. It argues that spending cuts are less recessionary than tax increases when deficits are reduced and responds…
The Italian situation: Clarification and a prediction by Alberto Alesina and Francesco Giavazzi, published by VOXEU. “As Italy’s Prime Minister Silvio Berlusconi announces a new austerity bill based on tax rises, this column argues that the country’s leaders are…
Fiscal adjustment and the recession, by Alberto Alesina, published by VOXEU. This column presents recent research on the impacts of these policies. It argues that spending cuts are less recessionary than tax increases when deficits are reduced and responds…