Modeling optimal fiscal consolidation paths in a selection of European countries /

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Bibliographic Details
Author / Creator:	Kanda, Daniel, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2011.
Description:	1 online resource (24 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/11/164 IMF working paper ; WP/11/164.
Subject:	Fiscal policy -- Europe -- Econometric models. Fiscal policy -- Econometric models. Europe.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499386

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. European Department, issuing body.
ISBN:	1283564890 9781283564892 9781462302208 1462302203
Notes:	Includes bibliographical references.
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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