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: 322
Main Author: Lemoine, Matthieu
Lindé, Jesper
Format: Paper
Language: English
Place of publication: Stockholm Sveriges Riksbank 2016
published in: Sveriges Riksbank Working Paper Series Vol. 322
Data of publication: 2016
Online Access: Fulltext
Database: EconStor
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