Fiscal consolidation under imperfect credibility

This paper examines the effects of expenditure-based fiscal consolidation when credibility as to whether the cuts will be long-lasting is imperfect. We contrast the impact limited credibility has when the consolidating country has the means to tailor monetary policy to its own needs, with the impact...

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Bibliographic details
Volume:	88
Main Author:	Lemoine, Matthieu Lindé, Jesper
Format:	Journal Article
Language:	English
Zielgruppe:	Trade Academic
Place of publication:	Elsevier B.V 01.09.2016 Elsevier Science Publishers
published in:	European economic review Vol. 88; pp. 108 - 141
Data of publication:	September 2016
ISSN:	0014-2921 1873-572X
EISSN:	1873-572X
Discipline:	Economics
Subjects:	Currency union Front-loaded vs. gradual consolidation DSGE model Monetary and fiscal policy Sticky prices and wages Monetary policy Fiscal policy Money Medium term notes Labor unions Interest rates Front-loaded vs. gradual consolidation F41 DSGE model E32 Monetary and fiscal policy Sticky prices and wages Currency union
Online Access:	available in Bonn?
Database:	CrossRef Gale General OneFile (A&I only) Academic OneFile (A&I only) Database information Databases - DBIS