Walking hand in hand : fiscal policy and growth in advanced economies /

Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal adjustment i...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Cottarelli, Carlo (Autor), Jaramillo, L. (Laura) (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/137.
Temas:
Economic development > Developed countries.
Fiscal policy > Developed countries.
Debts, Public > Developed countries.
Développement économique > Pays industrialisés.
Politique fiscale > Pays industrialisés.
Dettes publiques > Pays industrialisés.
Debts, Public
Economic development
Fiscal policy
Developed countries
Acceso en línea:Texto completo
Descripción
Sumario:Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal adjustment is likely to hurt growth in the short run, delaying improvements in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical in affecting productivity and employment growth. This paper discusses the complex relationships between fiscal policy and growth both in the short and in the long run.
Notas:Title from PDF title page (IMF Web site, viewed June 1, 2012).
"Fiscal Affairs Department."
"May 2012."
Descripción Física:1 online resource (29 pages) : illustrations
Bibliografía:Includes bibliographical references.
ISBN:9781475537239
1475537239
9781475565447
1475565445

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