Fiscal consolidation plans with underground economy

Fiscal consolidation literature often neglects that there are economies characterized by sizable underground sectors, with their mechanisms of response to fiscal policy shocks. Therefore, reliable analyses of fiscal consolidation plans call for the decomposition of Gross Domestic Product in its regu...

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Veröffentlicht in:	Economic inquiry 2025-01, Vol.63 (1), p.144-159
Hauptverfasser:	Ferrara, Maria, Fiorelli, Cristiana, Marzano, Elisabetta, Varlese, Monica
Format:	Artikel
Sprache:	eng
Schlagworte:	DSGE modeling fiscal consolidation plans Fiscal policy GDP Government spending Gross Domestic Product Informal economy Responsiveness Tax evasion Tax rates Taxation underground economy
Online-Zugang:	Volltext
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