Effects of Fiscal Consolidation in the Czech Republic:
This paper uses the IMF's Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), co...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/65 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper uses the IMF's Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), consolidation durations, assumptions about credibility, and monetary policy responses. Second, the paper evaluates the impact on the economy of tightening measures envisaged in the 2011 budget. Third, the paper considers alternative packages for consolidation beyond 2011 to achieve the government's balanced budget target by 2016 and identifies which forms of adjustment are more ""growth-friendly |
Beschreibung: | 1 Online-Ressource (65 p) |
ISBN: | 1455228052 9781455228058 |
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index_date | 2024-07-03T20:13:24Z |
indexdate | 2024-07-10T09:35:32Z |
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publisher | International Monetary Fund |
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spelling | Snudden, Stephen Verfasser aut Effects of Fiscal Consolidation in the Czech Republic Snudden, Stephen Washington, D.C International Monetary Fund 2011 1 Online-Ressource (65 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/65 This paper uses the IMF's Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), consolidation durations, assumptions about credibility, and monetary policy responses. Second, the paper evaluates the impact on the economy of tightening measures envisaged in the 2011 budget. Third, the paper considers alternative packages for consolidation beyond 2011 to achieve the government's balanced budget target by 2016 and identifies which forms of adjustment are more ""growth-friendly Online-Ausg Klyuev, Vladimir Sonstige oth http://elibrary.imf.org/view/IMF001/11724-9781455228058/11724-9781455228058/11724-9781455228058.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Snudden, Stephen Effects of Fiscal Consolidation in the Czech Republic |
title | Effects of Fiscal Consolidation in the Czech Republic |
title_auth | Effects of Fiscal Consolidation in the Czech Republic |
title_exact_search | Effects of Fiscal Consolidation in the Czech Republic |
title_exact_search_txtP | Effects of Fiscal Consolidation in the Czech Republic |
title_full | Effects of Fiscal Consolidation in the Czech Republic Snudden, Stephen |
title_fullStr | Effects of Fiscal Consolidation in the Czech Republic Snudden, Stephen |
title_full_unstemmed | Effects of Fiscal Consolidation in the Czech Republic Snudden, Stephen |
title_short | Effects of Fiscal Consolidation in the Czech Republic |
title_sort | effects of fiscal consolidation in the czech republic |
url | http://elibrary.imf.org/view/IMF001/11724-9781455228058/11724-9781455228058/11724-9781455228058.xml |
work_keys_str_mv | AT snuddenstephen effectsoffiscalconsolidationintheczechrepublic AT klyuevvladimir effectsoffiscalconsolidationintheczechrepublic |