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Author/Editor:
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Kanda, Daniel
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Publication Date:
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July 01, 2011
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Electronic Access:
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Free Full text
(PDF file size is 978KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
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 deceleration.
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Order a print copy
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Series:
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Working Paper No. 11/164
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Subject(s):
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Cross country analysis | Developed countries | Economic models | Europe | Fiscal consolidation | Fiscal policy | Fiscal sustainability | France | Germany | Ireland | Italy | Netherlands | United Kingdom
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Author's Keyword(s):
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Fiscal Sustainability | Italy | Netherlands | U.K. | Germany | Ireland | France |
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English
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Publication Date:
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July 01, 2011
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Format:
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Paper
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Stock No:
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WPIEA2011164
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Pages:
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23
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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