How Delaying Fiscal Consolidation Affects the Present Value of GDP /
We develop a simple model to examine the conditions under which delaying fiscal consolidation can affect the present value of GDP via the fiscal stance's effects on the output gap and hysteresis. We find that the absolute size of the fiscal multiplier-the focus of much empirical investigation a...
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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2015/052 |
| 在线阅读: | Full text available on IMF |