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
Subjects:	Sticky Prices and Wages Currency Union Front-Loaded vs. Gradual Consolidation DSGE Model Monetary and Fiscal Policy
Online Access:	Fulltext
Database:	EconStor Database information Databases - DBIS