The Challenge of Debt Reduction during Fiscal Consolidation /

Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wiped out by the decline in output. Although this effect is not long-lasting and debt ev...

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Bibliografische gegevens
Hoofdauteur: Eyraud, Luc
Andere auteurs: Weber, Anke
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2013.
Reeks:IMF Working Papers; Working Paper ; No. 2013/067
Online toegang:Full text available on IMF