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Budget Consolidation.pdf

Budget Consolidation true
By:Mr. Douglas Laxton,Susanna Mursula,Kevin Clinton,Mr. Michael Kumhof
Published on 2010-07-01 by International Monetary Fund


The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a considerable increase in both the growth rate and the level of output. The gains may be enhanced by shifting some of the tax burden from incomes to consumption. In the short run, credibility plays a crucial role in determining the size of initial output loses. Global current account imbalances would be significantly reduced if budget consolidation was larger in countries with current account deficits.

This Book was ranked at 5 by Google Books for keyword Consolidation.

Book ID of Budget Consolidation's Books is apW32NJY3s0C, Book which was written byMr. Douglas Laxton,Susanna Mursula,Kevin Clinton,Mr. Michael Kumhofhave ETAG "Krc2Axk9dG4"

Book which was published by International Monetary Fund since 2010-07-01 have ISBNs, ISBN 13 Code is 9781455207053 and ISBN 10 Code is 1455207055

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Book which have "33 Pages" is Printed at BOOK under CategoryBusiness and Economics

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