Details

Subject(s)

• Fiscal policy—Europe—Econometric models [Browse]
• Fiscal policy—Econometric models [Browse]

Related name

• International Monetary Fund [Browse]

Series

• IMF working paper ; WP/11/164. [More in this series]
• IMF Working Paper ; WP/11/164

Summary note

For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops an inter-temporal model that elicits the implied country-preferences over balancing the conflicting objectives of fiscal consolidation and reduction of economic slack. The model suggests that some front-loading of adjustment is desirable, although the extent would vary by country preferences. It also finds that proposed consolidations may prove to be stronger than acceptable, especially if somewhat larger than anticipated fiscal multipliers lead to a sizeable economic decelera

Notes

Description based upon print version of record.

Bibliographic references

Includes bibliographical references.

Source of description

Description based on online resource; title from PDF title page (ebrary, viewed September 23, 2014).

Language note

English

Contents

• Cover; Contents; I. Introduction; II. Estimating the Fiscal Sustainability Gap; Figures; 1. Fiscal Indicators for Selected European Countries; III. Modeling the Fiscal Consolidation Path; A. Calibration; IV. Application of the Model to Countries; 2. Comparison of Predicted and Announced Fiscal Consolidation, 2011-15; 3. Predicted Fiscal Adjustment Paths and Associated Output Gaps, 2011-60; 4. Projected Paths for Closing Sustainability Gaps, and Costs of Delay; 5. Projected Evolution of Fiscal Balances and Debt, 2011-60
• 6. Comparison of Predicted and Announced Fiscal Consolidation Assuming Fiscal Multiplier is 0.75, 2011-15V. Concluding Remarks; Bibliography

ISBN

• 1-4623-9704-2
• 1-4623-6273-7
• 1-283-56489-0
• 9786613877345
• 1-4623-9502-3

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