| Revista: | Journal of applied economics |
| Base de datos: | CLASE |
| Número de sistema: | 000430342 |
| ISSN: | 1667-6726 |
| Autors: | Bajo Rubio, Oscar1 Gómez Plana, Antonio G2 |
| Institucions: | 1Universidad de Castilla-La Mancha, Facultad de Derecho y Ciencias Sociales, Ciudad Real. España 2Universidad Pública de Navarra, Departamento de Economía, Pamplona, Navarra. España |
| Any: | 2015 |
| Període: | May |
| Volum: | 18 |
| Número: | 1 |
| Paginació: | 45-70 |
| País: | Argentina |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Aplicado |
| Resumen en inglés | We examine the effects of several alternative measures intended to reduce government deficits for the case of Spain, distinguishing between those acting through taxes and through spending. The Spanish case is relevant as an example of front-loaded fiscal adjustment that has led to a large GDP fall, where (unlike the cases of Greece, Ireland and Portugal) the authorities were able to choose the composition of the adjustment measures. The empirical methodology is based on a computable general equilibrium model. All the simulated policies lead to a decrease in the levels of output and employment, and to a higher unemployment rate. The greatest contractionary effects appear in the case of an increase in the income tax, followed by spending cuts, especially in public education; in contrast, the contractionary effect is weaker for indirect tax increases. While income distribution for labour worsens with spending cuts, it slightly improves with tax increases |
| Disciplines | Economía |
| Paraules clau: | Finanzas públicas, Política económica, Déficit fiscal, Impuestos, Gasto, Política fiscal, Equilibrio general computable, España |
| Text complet: | Texto completo (Ver PDF) |
