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

WP/10/163

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 enhanced by shifting some of the tax burden... READ MORE...

Publication date: July 2010
ISBN 9781455201464
$18.00

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Publication date: July 2010

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Publication date: July 2010

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