Budget Consolidation : Short-Term Pain and Long-Term Gain /

The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a considerable increase in both the growth rate and the level of output. The gains may be...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Laxton, Douglas
अन्य लेखक: Clinton, Kevin, Kumhof, Michael, Mursula, Susanna
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2010.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2010/163
ऑनलाइन पहुंच:Full text available on IMF