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
Lindé, Jesper
Format: Publication
Language: English
Place of publication: Stockholm: Sveriges Riksbank 01.01.2016
Data of publication: 2016-01-01
Dewey Decimal Classification: 330
Discipline: Economics
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
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