Add wos sample results library

02-data/intermediate/wos_sample/230f7bff1fbae2d99add9d0bd0ab6038-mcmanus-richard-and/info.yaml

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+abstract: 'Distributional consequences of fiscal austerity, while being
+
+  increasingly recognized in the policy debate, have received little
+
+  attention in the existing formal work. This paper proposes a
+
+  medium-scale New Keynesian dynamic stochastic general equilibrium model
+
+  incorporating an appropriate dimension of household heterogeneity and a
+
+  well-specified fiscal structure, allowing for a comprehensive analysis
+
+  of losers and winners from austerity. We find, first, that cutting
+
+  transfers and public employment, and raising labour income taxes are the
+
+  most regressive forms of austerity, greatly raising income inequality.
+
+  In contrast, raising capital income taxes is progressive-the only such
+
+  policy in our analysis-and entails the smallest output losses in the
+
+  short term. Second, the speed of austerity emerges as a potential tool
+
+  in fiscal adjustment. Indeed, speedy austerity yields the worst
+
+  distributive and output effects irrespective of its composition.
+
+  Finally, fiscal consolidation is particularly damaging in downturns
+
+  where distributional effects are substantially more unfavourable than in
+
+  normal times.'
+affiliation: 'McManus, R (Corresponding Author), Canterbury Christ Church Univ, North
+  Holmes Rd, Canterbury, Kent, England.
+
+  McManus, Richard, Canterbury Christ Church Univ, North Holmes Rd, Canterbury, Kent,
+  England.
+
+  Ozkan, F. Gulcin, Kings Coll London, Bush House,30 Aldwych, London, England.
+
+  Trzeciakiewicz, Dawid, Loughborough Univ, Epinal Way, Loughborough, Leics, England.'
+author: McManus, Richard and Ozkan, F. Gulcin and Trzeciakiewicz, Dawid
+author-email: 'richard.mcmanus@canterbury.ac.uk
+
+  gulcin.ozkan@kcl.ac.uk
+
+  d.g.trzeciakiewicz@lboro.ac.uk'
+author_list:
+- family: McManus
+  given: Richard
+- family: Ozkan
+  given: F. Gulcin
+- family: Trzeciakiewicz
+  given: Dawid
+da: '2023-09-28'
+doi: 10.1093/oep/gpz065
+eissn: 1464-3812
+files: []
+issn: 0030-7653
+journal: OXFORD ECONOMIC PAPERS-NEW SERIES
+keywords-plus: 'MONETARY-POLICY; ECONOMIC-CONDITIONS; EURO AREA; CONSTRAINTS; QUALITY;
+
+  PRICES; MODEL; DEBT'
+language: English
+month: JAN
+number: '1'
+number-of-cited-references: '45'
+pages: 317-349
+papis_id: db0a4cb97a9c2fdb8e2b89596cfecbe7
+ref: Mcmanus2021fiscalconsolidations
+times-cited: '2'
+title: 'Fiscal consolidations and distributional effects: which form of fiscal austerity
+  is least harmful?'
+type: Article
+unique-id: WOS:000649017300015
+usage-count-last-180-days: '0'
+usage-count-since-2013: '1'
+volume: '73'
+web-of-science-categories: Economics
+year: '2021'