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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:
Acceso en línea:Texto completo

MARC

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050 4 |a HC59.7  |b .C68 2012eb 
050 4 |a HG3881.5.I58  |b W67 No. 12/137eb 
049 |a UAMI 
100 1 |a Cottarelli, Carlo,  |e author. 
245 1 0 |a Walking hand in hand :  |b fiscal policy and growth in advanced economies /  |c prepared by Carlo Cottarelli and Laura Jaramillo. 
246 3 0 |a Fiscal policy and growth in advanced economies 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
300 |a 1 online resource (29 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/12/137 
500 |a Title from PDF title page (IMF Web site, viewed June 1, 2012). 
520 3 |a 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. 
504 |a Includes bibliographical references. 
500 |a "Fiscal Affairs Department." 
500 |a "May 2012." 
505 0 |a Cover; Abstract; Contents; I. Introduction; II. Short-run interactions between growth and fiscal policy; Figures; 1. Historical Public Debt; 2. Impact on the Deficit to GDP of a 1 Percent of GDP Discretionary Fiscal Tightening in the First Year Relative to Baseline; 3. Impact of the Debt Ratio of a 1 Percent of GDP Discretionary Fiscal Tightening in the First Year; 4. GDP Growth and CDS Spreads; III. Long-term interactions between growth and fiscal policy; Table; 1. Determinants of CDS Spreads in Advanced Economies, Cross Section Analysis 2011. 
505 8 |a 5. Fiscal Adjustment and CDS Spreads with Alternative Fiscal Multipliers6. Effect on Growth of Higher Debt to GDP Ratio; 7. Potential Revenue Increases in Advanced G7 Countries; 8. Public Sector Wages in Selected G7 Countries; 9. Pension Spending Increase, 2010-30; IV. Policy Conclusions; 10. Long-term Average of Primary Balance and Real GDP Growth; 11. Effect of Growth on Debt Stabilizing Primary Surplus; Introduction; Background; Appendix; Short-run Determinants of CDS Spreads in Advanced Economies; Empirical Model Estimation; Estimation Results; Conclusions; References. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Economic development  |z Developed countries. 
650 0 |a Fiscal policy  |z Developed countries. 
650 0 |a Debts, Public  |z Developed countries. 
650 6 |a Développement économique  |z Pays industrialisés. 
650 6 |a Politique fiscale  |z Pays industrialisés. 
650 6 |a Dettes publiques  |z Pays industrialisés. 
650 7 |a Debts, Public  |2 fast 
650 7 |a Economic development  |2 fast 
650 7 |a Fiscal policy  |2 fast 
651 7 |a Developed countries  |2 fast 
700 1 |a Jaramillo, L.  |q (Laura),  |e author. 
710 2 |a International Monetary Fund.  |b Fiscal Affairs Department,  |e issuing body. 
758 |i has work:  |a Walking hand in hand (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGvkMK36dvRBFcjpykCKMP  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 |z 9781475503913 
776 0 |z 9781475537239 
830 0 |a IMF working paper ;  |v WP/12/137. 
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