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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Chang, Juin-Jen
Tác giả khác: Lin, Hsieh-Yu, Susan Yang, Shu-Chun, Traum, Nora
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2019.
Loạt:IMF Working Papers; Working Paper ; No. 2019/125
Truy cập trực tuyến:Full text available on IMF