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
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
EISSN: 1873-572X
Discipline: Economics
Online Access: available in Bonn?
Database: CrossRef
Gale General OneFile (A&I only)
Academic OneFile (A&I only)
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