Publicação
Fiscal consolidations: welfare effects of the adjustment speed
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Brinca, Pedro | |
| dc.contributor.author | Fonseca, Miguel Ângelo De Sá Monteiro Da | |
| dc.date.accessioned | 2020-09-18T10:12:23Z | |
| dc.date.available | 2020-09-18T10:12:23Z | |
| dc.date.issued | 2020-01-22 | |
| dc.date.submitted | 2020-01 | |
| dc.description.abstract | This work studies the response of social welfare to fiscal consolidations, by focusingon a less debated characteristic of fiscal plans: the speed of deleveraging. A neo-classical overlapping generations model is calibrated to the German economy, anda sequence of reductions of the same size in the debt-to-GDP ratio are simulatedconsidering different adjustment periods. Welfare gains are found to be larger inslow, delayed fiscal consolidations, due to the presence of incomplete markets. It isalso found that the aggregate welfare response depends on the distribution of wealthand the type of fiscal instrument used. | pt_PT |
| dc.identifier.tid | 202492303 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/104271 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | Nova School of Business and Economics | |
| dc.subject | Fiscal consolidation | pt_PT |
| dc.subject | Wealth inequality | pt_PT |
| dc.subject | Incomplete markets | pt_PT |
| dc.subject | Consumption smoothing hypotesis | pt_PT |
| dc.title | Fiscal consolidations: welfare effects of the adjustment speed | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| oaire.awardNumber | UID/ECO/00124/2013 | |
| oaire.awardTitle | Nova School of Business and Economics | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2013/PT | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| relation.isProjectOfPublication | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| relation.isProjectOfPublication.latestForDiscovery | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics | pt_PT |
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