Options for Fiscal Consolidation in the United Kingdom

Options for Fiscal Consolidation in the United Kingdom
This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United Kingdom using the IMF's Global Fiscal Model. Early consolidation dampens aggregate demand in the short term, but increases output in the long term as smaller primary surpluses are needed as a result of lower interest payments.... READ MORE...

Publication date: March 2006
ISBN 9781451863499
$15.00

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