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...
|Place of publication:||
Stockholm Sveriges Riksbank 2016
|published in:||Sveriges Riksbank Working Paper Series Vol. 322|
|Data of publication:||2016|
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