Fiscal Consolidation and Public Wages /

A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the type of government spending is crucial for its macroeconomic implications. Although red...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Chang, Juin-Jen
مؤلفون آخرون: Lin, Hsieh-Yu, Susan Yang, Shu-Chun, Traum, Nora
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/125
الوصول للمادة أونلاين:Full text available on IMF