Assessing the Impact and Phasing of Multi-year Fiscal Adjustment : A General Framework

A General Framework

Assessing the Impact and Phasing of Multi-year Fiscal Adjustment : A General Framework
This paper provides a general framework to assess the output and debt dynamics of an economy undertaking multi-year fiscal adjustment. The framework allows country-specific assumptions about the magnitude and persistence of fiscal multipliers, hysteresis effects, and endogenous financing costs. In addition to informing macro projections, the... READ MORE...

Publication date: August 2013
ISBN 9781484318669
$18.00

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