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

Main Author:	Lemoine, Matthieu
Format:	Paper
Language:	English
Place of publication:	Stockholm Sveriges Riksbank 2016
Data of publication:	2016
Series:	Sveriges Riksbank working paper series
Subjects:	DSGE-Modell Wirkungsanalyse Währungsunion Geldpolitik Preisrigidität Theorie Haushaltskonsolidierung Glaubwürdigkeit Offene Volkswirtschaft
Online Access:	available in Bonn?
Database:	ECONIS Database information Databases - DBIS