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Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies

Review of Economics and Institutions

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Field Value
 
Title Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies
 
Creator Cottarelli, Carlo; International Monetary Fund
Jaramillo, Laura; International Monetary Fund
 
Subject Public finance
government debt, budget deficit, growth, advanced economies, sovereign spreads
E43, E62, H30, O40
 
Description Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize long-term growth. However, fiscal adjustment is likely to hurt growth in the short run, delaying improvements in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical in affecting productivity and employment growth. This paper dicusses the complex relationships between fiscal policy and growth both in the short and in the long run.
 
Publisher University of Perugia
 
Contributor
 
Date 2013-07-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.rei.unipg.it/rei/article/view/113
10.5202/rei.v4i2.113
 
Source Review of Economics and Institutions; Vol 4, No 2 (2013); 25
2038-1379
2038-1344
 
Language eng
 
Relation http://www.rei.unipg.it/rei/article/view/113/117
 
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