Budget Consolidation: Short-Term Pain and Long-Term Gain

The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a considerable increase in both the growth rate and the level of output. The gains may be...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Laxton, Douglas, Mursula, Susanna, Clinton, Kevin
Format:	Buch
Sprache:	eng
Schlagworte:	Budget Current Account Imbalances Fiscal Consolidation Tax Reform
Online-Zugang:	Volltext
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