e-journal

European Public Finances and the Great Recession: France, Germany, Ireland, Italy, Spain and the United Kingdom Compared∗

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Abstract:
We compare economic trends over the financial crisis, and the tax and benefit reforms implemented in response, across six EU countries. Countries where the crisis led to a relatively greater increase in public spending than a decline in tax revenues – in particular, France and Italy – are found to have implemented consolidations that are more reliant on tax increases than spending cuts. While in France and Italy households with children have lost less from tax and benefit
reforms than pensioner households, the reverse is true in Ireland and the United Kingdom. The pattern of cuts to public services also varies: France, Ireland and the UK chose to protect spending on health and schools from cuts, while Italy and Spain chose to cut spending on these services relatively deeply. One clear improvement has been the introduction of greater independence and transparency in the production of economic and fiscal forecasts. Unfortunately,
in many cases, the fiscal response to the crisis missed opportunities to improve the overall efficiency of the tax system.

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Ketersediaan

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Informasi Detail

Judul Seri

FISCAL STUDIES

No. Panggil

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Penerbit

: Fiscal Studies published by John Wiley & Sons Ltd.., 2015

Deskripsi Fisik

FISCAL STUDIES, vol. 36, no. 4, pp. 405–430 (2015) 0143-5671

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

(2015), vol. 36, no. 4,

Subjek

FISCAL STUDIES

Info Detail Spesifik

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Pernyataan Tanggungjawab

deliza

Versi lain/terkait

Lampiran Berkas

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