Optimal Fiscal and Monetary Policy, Debt Crisis and Management /

The initial government debt-to-GDP ratio and the government's commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidatio...

Полное описание

Библиографические подробности
Главный автор: Cantore, Cristiano
Другие авторы: Levine, Paul, Melina, Giovanni, Pearlman, Joseph
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2017.
Серии:IMF Working Papers; Working Paper ; No. 2017/078
Online-ссылка:Full text available on IMF