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Kanda, Daniel.

Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries Daniel Kanda. [electronic resource] / Daniel Kanda. - Washington, D.C. : International Monetary Fund, 2011. - 1 online resource (23 p.) - IMF Working Papers; Working Paper ; No. 11/164 . - IMF Working Papers; Working Paper ; No. 11/164 .

For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops an inter-temporal model that elicits the implied country-preferences over balancing the conflicting objectives of fiscal consolidation and reduction of economic slack. The model suggests that some front-loading of adjustment is desirable, although the extent would vary by country preferences. It also finds that proposed consolidations may prove to be stronger than acceptable, especially if somewhat larger than anticipated fiscal multipliers lead to a sizeable economic deceleration.

ISBN: 1462302203 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781462302208.001 doi

Subjects--Topical Terms:
Fiscal Consolidation
Fiscal Multiplier
Fiscal Sustainability
Public Debt

Subjects--Geographic Terms:
Germany
Ireland
Italy
Netherlands
U.K.