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...

詳細記述

書誌詳細
第一著者: Laxton, Douglas
その他の著者: Clinton, Kevin, Kumhof, Michael, Mursula, Susanna
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2010.
シリーズ:IMF Working Papers; Working Paper ; No. 2010/163
オンライン・アクセス:Full text available on IMF