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...

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Chi tiết về thư mục
Tác giả chính: Laxton, Douglas
Tác giả khác: Clinton, Kevin, Kumhof, Michael, Mursula, Susanna
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2010.
Loạt:IMF Working Papers; Working Paper ; No. 2010/163
Truy cập trực tuyến:Full text available on IMF