The Challenge of Debt Reduction during Fiscal Consolidation / Luc Eyraud, Anke Weber.
Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wiped out by the decline in output. Although this effect is not long-lasting and debt ev...
Saved in:
| Online Access: |
Full Text (via IMF e-Library) |
|---|---|
| Main Author: | |
| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Series: | IMF working paper ;
WP/2013/067. |