Options for fiscal consolidation in the United Kingdom /

This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United Kingdom using the IMF's Global Fiscal Model. Early consolidation dampens aggregate demand in the short term, but increases output in the long term as smaller primary surpluses ar...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Botman, Dennis (Dennis Petrus Johannes) (Autor), Honjo, Keiko (Autor)
Autores Corporativos: International Monetary Fund. European Department, International Monetary Fund. Fiscal Affairs Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, European Dept. and Fiscal Affairs Dept., 2006.
Colección:IMF working paper ; WP/06/89.
Temas:
Fiscal policy > Great Britain > Econometric models.
Finance, Public > Great Britain > Econometric models.
Politique fiscale > Grande-Bretagne > Modèles économétriques.
Finances publiques > Grande-Bretagne > Modèles économétriques.
Finance, Public > Econometric models
Fiscal policy > Econometric models
Great Britain
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. THE MODEL AND CALIBRATION
  • III. MACROECONOMIC EFFECTS OF ALTERNATIVE FORMS OF FISCAL CONSOLIDATION
  • IV. SENSITIVITY ANALYSIS AND FISCAL POLICIES IN THE REST OF THE WORLD
  • V. COMBINING FISCAL ADJUSTMENT AND TAX REFORM
  • VI. CONCLUSIONS
  • REFERENCES

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