Long-Term Effects of Fiscal Policy on the Size and Distribution of the Pie in the UK*
Autor: | Oriol Roca-Sagalés, Xavier Ramos |
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Rok vydání: | 2008 |
Předmět: |
Macroeconomics
Economics and Econometrics Inequality business.industry media_common.quotation_subject Distribution (economics) Joint analysis Term (time) Fiscal policy Vector autoregression Economic inequality Accounting Economics business health care economics and organizations Finance Indirect tax media_common |
Zdroj: | Fiscal Studies. 29:387-411 |
ISSN: | 1475-5890 0143-5671 |
Popis: | This paper provides a joint analysis of the output and distributional long-term effects of various fiscal policies in the UK, using a vector autoregression (VAR) approach. Our findings suggest that the long-term impact on GDP of increasing public spending and taxes is negative, and especially strong in the case of current expenditure. We also find significant distributional effects associated with fiscal policies, indicating that an increase in public spending reduces inequality while a rise in indirect taxes increases income inequality. |
Databáze: | OpenAIRE |
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