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:
Online Access: available in Bonn?
Database: ECONIS
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