期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2009
卷号：2009
出版社：Harvard Institute of Economic Research
摘要：We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimuli and in that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for the fiscal adjustments those based upon spending cuts and no tax increases are more likely to reduce deficits and debt over GDP rations than those based upon tax increases. In addition, adjustments on the spending side rather than on the tax side are less likely to create recessions. We confirm those results with simple regression analysis.
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