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Fiscal Consolidation in the Euro Area.pdf

Fiscal Consolidation in the Euro Area true
By:Mr. Derek Anderson,Mr. Ben Hunt,Stephen Snudden
Published on 2013-10-16 by International Monetary Fund


The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.

This Book was ranked at 9 by Google Books for keyword Consolidation.

Book ID of Fiscal Consolidation in the Euro Area's Books is xZ4JAgAAQBAJ, Book which was written byMr. Derek Anderson,Mr. Ben Hunt,Stephen Snuddenhave ETAG "Dr/6DhBkAr8"

Book which was published by International Monetary Fund since 2013-10-16 have ISBNs, ISBN 13 Code is 9781475535471 and ISBN 10 Code is 1475535473

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Book which have "32 Pages" is Printed at BOOK under CategoryBusiness and Economics

Book was written in en

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