{"id":"https://openalex.org/W4200460767","doi":"https://doi.org/10.18235/0003881","title":"The Output Effects of Fiscal Consolidations: Does Spending Composition Matter?","display_name":"The Output Effects of Fiscal Consolidations: Does Spending Composition Matter?","publication_year":2021,"publication_date":"2021-12-22","ids":{"openalex":"https://openalex.org/W4200460767","doi":"https://doi.org/10.18235/0003881"},"language":"en","primary_location":{"id":"doi:10.18235/0003881","doi":"https://doi.org/10.18235/0003881","is_oa":false,"landing_page_url":"https://doi.org/10.18235/0003881","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://hdl.handle.net/10419/290084","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5077615314","display_name":"Mart\u00edn Ardanaz","orcid":"https://orcid.org/0000-0003-4471-2117","observed_orcids":["https://orcid.org/0000-0003-4471-2117"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mart\u00edn Ardanaz","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5063600631","display_name":"Eduardo A. Cavallo","orcid":"https://orcid.org/0000-0002-5966-2514","observed_orcids":["https://orcid.org/0000-0002-5966-2514"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Eduardo A. Cavallo","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5966-2514","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5043484111","display_name":"Alejandro Izquierdo","orcid":"https://orcid.org/0000-0002-2794-0452","observed_orcids":["https://orcid.org/0000-0002-2794-0452"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alejandro Izquierdo","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-2794-0452","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5029405448","display_name":"Jorge Puig","orcid":"https://orcid.org/0000-0001-5033-5608","observed_orcids":["https://orcid.org/0000-0001-5033-5608"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jorge Puig","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-5033-5608","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9442999958992004,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9442999958992004,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.05260000005364418,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/fiscal-consolidation","display_name":"fiscal consolidation","score":1.0},{"id":"https://openalex.org/keywords/public-expenditure-structure","display_name":"public expenditure structure","score":0.8539999723434448},{"id":"https://openalex.org/keywords/public-investment","display_name":"public investment","score":0.9700000286102295},{"id":"https://openalex.org/keywords/public-consumption","display_name":"public consumption","score":0.9929999709129333},{"id":"https://openalex.org/keywords/output-effects","display_name":"output effects","score":0.7940000295639038},{"id":"https://openalex.org/keywords/fiscal-shocks","display_name":"fiscal shocks","score":0.7879999876022339},{"id":"https://openalex.org/keywords/private-investment","display_name":"private investment","score":0.7879999876022339},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.7269999980926514},{"id":"https://openalex.org/keywords/developed-countries","display_name":"developed countries","score":0.9089999794960022},{"id":"https://openalex.org/keywords/post-covid-19-recovery","display_name":"post-COVID-19 recovery","score":0.7910000085830688}],"concepts":[{"id":"https://openalex.org/C40231798","wikidata":"https://www.wikidata.org/wiki/Q1333743","display_name":"Composition (language)","level":2,"score":0.5686258673667908},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5346481204032898},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.43202221393585205},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.04865586757659912},{"id":"https://openalex.org/C124952713","wikidata":"https://www.wikidata.org/wiki/Q8242","display_name":"Literature","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.18235/0003881","doi":"https://doi.org/10.18235/0003881","is_oa":false,"landing_page_url":"https://doi.org/10.18235/0003881","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"report"},{"id":"pmh:oai:econstor.eu:10419/290084","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/290084","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/290084","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/290084","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.5,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W1527237852","https://openalex.org/W1568698203","https://openalex.org/W1905678139","https://openalex.org/W1931739805","https://openalex.org/W1977806896","https://openalex.org/W2016585563","https://openalex.org/W2045339631","https://openalex.org/W2062551580","https://openalex.org/W2104532949","https://openalex.org/W2108698692","https://openalex.org/W2135860498","https://openalex.org/W2151021552","https://openalex.org/W2155680526","https://openalex.org/W2156246875","https://openalex.org/W2158530592","https://openalex.org/W2255640749","https://openalex.org/W2264833236","https://openalex.org/W2330696587","https://openalex.org/W2473999754","https://openalex.org/W2608820932","https://openalex.org/W2613624469","https://openalex.org/W2890755485","https://openalex.org/W2903794879","https://openalex.org/W2904284436","https://openalex.org/W2939999886","https://openalex.org/W2942795754","https://openalex.org/W2953631363","https://openalex.org/W2955371823","https://openalex.org/W2965851076","https://openalex.org/W2983850425","https://openalex.org/W2993507839","https://openalex.org/W3030731509","https://openalex.org/W3108130882","https://openalex.org/W3121347485","https://openalex.org/W3121466269","https://openalex.org/W3121595883","https://openalex.org/W3121644451","https://openalex.org/W3121786260","https://openalex.org/W3122648193","https://openalex.org/W3123291271","https://openalex.org/W3123453425","https://openalex.org/W3125671719","https://openalex.org/W3126073805","https://openalex.org/W3127519442","https://openalex.org/W3135154701","https://openalex.org/W3148369871","https://openalex.org/W3195549040","https://openalex.org/W4206179748","https://openalex.org/W4244395812","https://openalex.org/W4283267569","https://openalex.org/W4285704856","https://openalex.org/W4285887736","https://openalex.org/W4302555966"],"related_works":["https://openalex.org/W6986250136","https://openalex.org/W4213061274","https://openalex.org/W3148823186","https://openalex.org/W3123327765","https://openalex.org/W2253121125","https://openalex.org/W2054145312","https://openalex.org/W3121521947","https://openalex.org/W2054581312","https://openalex.org/W1597750412","https://openalex.org/W2954060686"],"abstract_inverted_index":{"This":[0],"paper":[1],"studies":[2],"whether":[3],"changes":[4],"in":[5,83],"the":[6,12,44,47,52,61,102,118,133,143,176,190],"composition":[7],"of":[8,15,22,46,54,90,101,121,138,148,160,167,178],"public":[9,55,58,71,77,84,108,114],"spending":[10],"affect":[11],"macroeconomic":[13],"consequences":[14],"fiscal":[16,36,62,103,122,168,179],"consolidations.":[17],"Based":[18],"on":[19,41,51,124],"a":[20,87,158],"sample":[21],"44":[23],"developing":[24],"countries":[25,187],"and":[26,79,126],"26":[27],"advanced":[28],"economies":[29],"during":[30,60],"1980-2019,":[31],"results":[32,154],"show":[33],"that":[34,140],"while":[35],"consolidations":[37],"tend":[38],"to":[39,76,157,182],"be":[40],"average,":[42],"contractionary,":[43],"size":[45],"output":[48,94,130],"fall":[49],"depends":[50],"behavior":[53],"investment":[56,72,109],"vis-a-vis":[57,113],"consumption":[59,78,115],"adjustment,":[63],"with":[64],"heterogeneous":[65],"responses":[66],"growing":[67],"over":[68,132],"time.":[69],"When":[70],"is":[73,150],"penalized":[74],"relative":[75],"thus,":[80],"its":[81],"share":[82],"expenditures":[85],"decreases,":[86],"1":[88],"percent":[89,97],"GDP":[91,139],"consolidation":[92],"reduces":[93],"by":[95],"0.7":[96],"within":[98],"three":[99],"years":[100],"shock.":[104],"In":[105],"contrast,":[106],"safeguarding":[107],"from":[110,189],"budget":[111],"cuts":[112],"can":[116,127],"neutralize":[117],"contractionary":[119],"effects":[120],"adjustments":[123,149],"impact,":[125],"even":[128],"spur":[129],"growth":[131,185],"medium":[134],"term.":[135],"The":[136,153,170],"component":[137],"mostly":[141],"drives":[142],"heterogeneity":[144],"between":[145],"both":[146],"types":[147],"private":[151],"investment.":[152],"hold":[155],"up":[156],"number":[159],"robustness":[161],"tests,":[162],"including":[163],"alternative":[164],"identification":[165],"strategies":[166,181],"shocks.":[169],"findings":[171],"have":[172],"policy":[173],"implications":[174],"for":[175],"design":[177],"adjustment":[180],"protect":[183],"economic":[184],"as":[186],"recover":[188],"coronavirus":[191],"pandemic.":[192]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2021-12-31T00:00:00"}