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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| Tác giả khác: | |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2013/067 |
| Truy cập trực tuyến: | Full text available on IMF |