Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint /
This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i) high...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2015/262 |
| Accesso online: | Full text available on IMF |