{"database":"biostudies-literature","file_versions":[],"scores":null,"additional":{"omics_type":["Unknown"],"volume":["50(2)"],"submitter":["Akhmadieva V"],"pubmed_abstract":["The financial crisis from 2007 and, even more so, the Covid-19 pandemic caused large increases in public sector deficits and debts in many countries and prompted concern about fiscal adjustment. This paper examines fiscal adjustment to debt and deficits for a panel of 17 countries over 1870-2016 using the Jordà-Schularick-Taylor Macrohistory Database. This long span panel is informative since it contains many examples of large fiscal shocks similar to those recently experienced. The results from reduced-form models suggest that large deficits or surpluses tend to prompt stabilising feedbacks, mainly through changes in revenue, and there is greater pressure to adjust on countries running a deficit versus those running a surplus. However, the debt-GDP ratio prompts much less stabilising feed"],"journal":["Journal of comparative economics"],"pagination":["555-568"],"full_dataset_link":["https://www.ebi.ac.uk/biostudies/studies/S-EPMC9675945"],"repository":["biostudies-literature"],"pubmed_title":["Fiscal adjustment in a panel of countries 1870-2016."],"pmcid":["PMC9675945"],"pubmed_authors":["Akhmadieva V"],"additional_accession":[]},"is_claimable":false,"name":"Fiscal adjustment in a panel of countries 1870-2016.","description":"The financial crisis from 2007 and, even more so, the Covid-19 pandemic caused large increases in public sector deficits and debts in many countries and prompted concern about fiscal adjustment. This paper examines fiscal adjustment to debt and deficits for a panel of 17 countries over 1870-2016 using the Jordà-Schularick-Taylor Macrohistory Database. This long span panel is informative since it contains many examples of large fiscal shocks similar to those recently experienced. The results from reduced-form models suggest that large deficits or surpluses tend to prompt stabilising feedbacks, mainly through changes in revenue, and there is greater pressure to adjust on countries running a deficit versus those running a surplus. However, the debt-GDP ratio prompts much less stabilising feed","dates":{"release":"2022-01-01T00:00:00Z","publication":"2022 Jun","modification":"2025-04-04T19:51:12.404Z","creation":"2024-11-07T05:03:45.263Z"},"accession":"S-EPMC9675945","cross_references":{"pubmed":["36438717"],"doi":["10.1016/j.jce.2021.12.003"]}}