Equitable fiscal consolidations
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DOI: 10.1016/j.econmod.2016.11.022
Abstract: Empirical research has uncovered an equity-efficiency trade-off in alternative fiscal consolidation strategies. Spending-based adjustments are associated with more limited output losses but greater inequality than tax-based adjustments. Moreover, spending-based adjustments are less likely to be… read more here.
Keywords: tax; consolidation; equitable fiscal; based adjustments ... See more keywords