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...

Full description

Saved in:
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:
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS