Fiscal Consolidation: Welfare Effects of the Adjustment Speed
نویسندگان
چکیده
منابع مشابه
Will it hurt ? MacroeconoMic effects of fiscal consolidation
This chapter examines the effects of fiscal consolidation —tax hikes and government spending cuts—on economic activity. Based on a historical analysis of fiscal consolidation in advanced economies, and on simulations of the IMF’s Global Integrated Monetary and Fiscal Model (GIMF), it finds that fiscal consolidation typically reduces output and raises unemployment in the short term. At the same ...
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ژورنال
عنوان ژورنال: Notas Económicas
سال: 2020
ISSN: 2183-203X,0872-4733
DOI: 10.14195/2183-203x_51_3