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The Political Consequences of Fiscal Adjustments

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Abstract

Equally important as the economic consequences brought about by fiscal adjustments is the question of whether or not these adjustments have any political consequence for the cabinets that implement these policies.*

‘Governments do not seem to be systematically punished at the ballot box for engaging in fiscal adjustments.’

Alesina, Perotti and Tavares, 1998: 241

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© 2006 Carlos Mulas-Granados

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Mulas-Granados, C. (2006). The Political Consequences of Fiscal Adjustments. In: Economics, Politics and Budgets. Palgrave Macmillan, London. https://doi.org/10.1057/9780230501638_7

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