European Public Finances and the Great Recession: France, Germany, Ireland, Italy, Spain and the United Kingdom Compared
1
IPP -
Institut des politiques publiques
2 PSE - Paris-Jourdan Sciences Economiques
3 PSE - Paris School of Economics
4 IFS - Laboratory of the Institute for Fiscal Studies
5 Universität Mannheim
6 Centre for European Economic Research (Mannheim, Germany) - Zentrum für Europäische Wirtschaftsforschung (ZEW)
7 CESifo - CESifo
8 IZA - Institute for the Study of Labor
9 UCL - University College of London [London]
2 PSE - Paris-Jourdan Sciences Economiques
3 PSE - Paris School of Economics
4 IFS - Laboratory of the Institute for Fiscal Studies
5 Universität Mannheim
6 Centre for European Economic Research (Mannheim, Germany) - Zentrum für Europäische Wirtschaftsforschung (ZEW)
7 CESifo - CESifo
8 IZA - Institute for the Study of Labor
9 UCL - University College of London [London]
Antoine Bozio
- Fonction : Auteur
- PersonId : 743083
- IdHAL : antoine-bozio
- ORCID : 0000-0003-0201-6148
- IdRef : 129539597
Résumé
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
European Public Finances and the Great Recession: France, Germany, Ireland, Italy, Spain and the United Kingdom Compared
|
Résumé |
en
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.
|
Auteur(s) |
Antoine Bozio
1, 2, 3
, Carl Emmerson
4
, Andreas Peichi
5, 6, 7, 8
, Gemma Tetlow
9, 4
1
IPP -
Institut des politiques publiques
( 266522 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
4
IFS -
Laboratory of the Institute for Fiscal Studies
( 163521 )
- The Institute for Fiscal Studies 7 Ridgmount Street, London WC1E 7AE.
- Royaume-Uni
5
Universität Mannheim
( 254729 )
- Schloss, 68131 Mannheim
- Allemagne
6
Centre for European Economic Research (Mannheim, Germany) -
Zentrum für Europäische Wirtschaftsforschung (ZEW)
( 139699 )
- L 7, 1 68161 Mannheim
- Allemagne
7
CESifo -
CESifo
( 242007 )
- Allemagne
8
IZA -
Institute for the Study of Labor
( 424692 )
- P.O. Box 7240,
D-53072 Bonn
- Allemagne
9
UCL -
University College of London [London]
( 300875 )
- Gower Street, London WC1E 6BT
- Royaume-Uni
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2015-12
|
Titre de la collection |
Special Issue: European Public Finances and the Great Recession
|
Volume |
36
|
Numéro |
4
|
Page/Identifiant |
405-430
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Financement |
|
Mots-clés |
en
fiscal policy, Great Recession, public deficit, public debt, redistribution
|
DOI | 10.1111/j.1475-5890.2015.12078 |
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