Growth Forecast Errors and Fiscal Multipliers /

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both st...

Полное описание

Библиографические подробности
Главный автор: Blanchard, Olivier
Другие авторы: Leigh, Daniel
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2013.
Серии:IMF Working Papers; Working Paper ; No. 2013/001
Online-ссылка:Full text available on IMF