It takes the average reader and 52 minutes to read Fiscal Adjustments in OECD Countries by Mr.Alberto Alesina
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This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.
Fiscal Adjustments in OECD Countries by Mr.Alberto Alesina is 52 pages long, and a total of 13,104 words.
This makes it 18% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Fiscal Adjustments in OECD Countries aloud.
Fiscal Adjustments in OECD Countries is suitable for students ages 8 and up.
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