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Displaying results 1 to 5 of 5.

  1. Austerity harmed student achievement
    Author: Pavese, Caterina; Rubolino, Enrico
    Published: [2022]
    Publisher:  Université de Lausanne, Faculté des hautes études commerciales (HEC), Département d'économie, Lausanne

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 554
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahier de recherches économiques du Département d'economie ; 22, 09
    Subjects: austerity; public spending; test scores
    Scope: 1 Online-Ressource (circa 76 Seiten), Illustrationen
  2. Fiscal and economic effects of local austerity
    Author: Fremerey, Melinda; Lichter, Andreas; Löffler, Max
    Published: June 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study the consequences of a large-scale austerity program targeting financially-constrained municipalities in Germany. For identification, we exploit the quasi-random assignment of treatment among equally-distressed municipalities using a... more

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    DS 63
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    We study the consequences of a large-scale austerity program targeting financially-constrained municipalities in Germany. For identification, we exploit the quasi-random assignment of treatment among equally-distressed municipalities using a difference-in-differences design. The policy helped targeted municipalities to consolidate budgets. Whereas the amount of fiscal consolidation was homogeneous among treated municipalities, strategies of consolidation differed between smaller and larger municipalities. The former primarily cut spending on local public services, whereas the latter predominantly relied on tax increases. We detect no adverse economic effects but sizable negative effects on population levels and house prices in municipalities reducing local amenities.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263730
    Series: CESifo working paper ; no. 9800 (2022)
    Subjects: austerity; fiscal consolidation; local amenities; taxes; spatial equilibrium
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  3. Welfare cuts, local spillovers and financial fragility
    Author: Adelino, Manuel; Goldman, Jim
    Published: 13 April 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17219
    Subjects: austerity; employment; Spillovers; household finance
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  4. Austerity reduces public health investment
    Author: Jacques, Olivier; Noël, Alain
    Published: [2022]
    Publisher:  CIRANO, [Montréal]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahier scientifique / CIRANO ; 2022s, 02
    Subjects: preventive care; austerity; curative care; partisanship; long-term investment
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  5. Long-run effects of austerity
    Author: Martins, Guilherme Klein
    Published: 2022
    Publisher:  University of Massachusetts Amherst, Amherst

    This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 179
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    This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding the (i) symmetry of episodes of fiscal expansion and con- traction and (ii) uniformity of fiscal multipliers for different sizes of shocks. We use narrative fiscal shocks and propensity score reweighting in a local projections setup to account for the potential endogeneity of austerity policies and the non-linearity of its effects over time. The estimation is also adapted to eliminate the bias that emerges when multiple shocks might oc- cur within the time horizon of interest. Our baseline results show that contractionary fiscal shocks larger than 1.5% of GDP generate a negative effect of more than 3% on GDP even after 15 years. The drop in GDP reaches 5.5% for fiscal contractions larger than 3%. Evidence is also found linking austerity with smaller capital stock in the long-run. The results are robust to different fiscal shocks datasets, the exclusion of particular countries and shocks, alternative estimation methods, and the use of cleaner controls. Besides understanding the consequences of this particular policy, the results contribute to the broader discussion on the long-run effects of demand by suggesting that such shocks might permanently affect the economy.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283954
    Series: Economics Department working paper series ; 2022, 24
    Subjects: austerity; long-run; fiscal policy; multipliers
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen