Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint

The Role of Productivity Gains and Wage Restraint

Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint
This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i) high growth rates of total factor productivity... READ MORE...

Publication date: December 2015
ISBN 9781513501192
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: December 2015

PDF

Publication date: December 2015

ePub

Publication date: December 2015

Mobi

Publication date: December 2015

English