Verfügbarkeit: Fiscal Adjustments

Fiscal Adjustments: Determinants and Macroeconomic Consequences

The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a non...

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1. Verfasser:	Plekhanov, Alexander (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2007
Schriftenreihe:	IMF Working Papers Working Paper No. 07/178
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Zusammenfassung:	The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a non-Ricardian multi-country dynamic general equilibrium model. The study finds that while fiscal consolidations tend to have short-run contractionary effects, they can be expansionary in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also create positive spillover effects for the rest of the world
Beschreibung:	1 Online-Ressource (38 p)
ISBN:	1451867425 9781451867428

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spelling	Plekhanov, Alexander Verfasser aut Fiscal Adjustments Determinants and Macroeconomic Consequences Plekhanov, Alexander Washington, D.C International Monetary Fund 2007 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/178 The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a non-Ricardian multi-country dynamic general equilibrium model. The study finds that while fiscal consolidations tend to have short-run contractionary effects, they can be expansionary in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also create positive spillover effects for the rest of the world Online-Ausg Kumar, Manmohan S. Sonstige oth Leigh, Daniel Sonstige oth http://elibrary.imf.org/view/IMF001/08584-9781451867428/08584-9781451867428/08584-9781451867428.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Plekhanov, Alexander Fiscal Adjustments Determinants and Macroeconomic Consequences
title	Fiscal Adjustments Determinants and Macroeconomic Consequences
title_auth	Fiscal Adjustments Determinants and Macroeconomic Consequences
title_exact_search	Fiscal Adjustments Determinants and Macroeconomic Consequences
title_exact_search_txtP	Fiscal Adjustments Determinants and Macroeconomic Consequences
title_full	Fiscal Adjustments Determinants and Macroeconomic Consequences Plekhanov, Alexander
title_fullStr	Fiscal Adjustments Determinants and Macroeconomic Consequences Plekhanov, Alexander
title_full_unstemmed	Fiscal Adjustments Determinants and Macroeconomic Consequences Plekhanov, Alexander
title_short	Fiscal Adjustments
title_sort	fiscal adjustments determinants and macroeconomic consequences
title_sub	Determinants and Macroeconomic Consequences
url	http://elibrary.imf.org/view/IMF001/08584-9781451867428/08584-9781451867428/08584-9781451867428.xml
work_keys_str_mv	AT plekhanovalexander fiscaladjustmentsdeterminantsandmacroeconomicconsequences AT kumarmanmohans fiscaladjustmentsdeterminantsandmacroeconomicconsequences AT leighdaniel fiscaladjustmentsdeterminantsandmacroeconomicconsequences

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