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Options and Strategies for Fiscal Consolidation in India.pdf

Options and Strategies for Fiscal Consolidation in India true
By:Mr. Sampawende J.-A. Tapsoba
Published on 2013-05-29 by International Monetary Fund


The paper uses a multi-region DSGE model to quantify the macroeconomic implications of three adjustment scenarios for India: growth-friendly, social-friendly, and a benchmark case centered on bringing down unproductive spending and strengthening the consumption tax. Simulations indicate that fiscal consolidation yields considerable long-term benefits but also entails output costs in the near term. The scenarios in which deficit reduction is accompanied by greater investment and social spending lead to better results than the benchmark case. The consolidation package alone is not enough to maximize net gains. Other factors, such as the pace and the credibility of consolidation, the concomitant implementation of structural reforms, and global economic conditions, play a critical role in the success of fiscal consolidation.

This Book was ranked at 16 by Google Books for keyword Consolidation.

Book ID of Options and Strategies for Fiscal Consolidation in India's Books is NezXY1-_ul8C, Book which was written byMr. Sampawende J.-A. Tapsobahave ETAG "nIvZzEfr7a8"

Book which was published by International Monetary Fund since 2013-05-29 have ISBNs, ISBN 13 Code is 9781484331040 and ISBN 10 Code is 1484331044

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Book which have "26 Pages" is Printed at BOOK under CategoryBusiness and Economics

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