Since 2014
Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies
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| Creator |
Cottarelli, Carlo; International Monetary Fund
Jaramillo, Laura; International Monetary Fund |
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| Subject |
Public finance
government debt, budget deficit, growth, advanced economies, sovereign spreads E43, E62, H30, O40 |
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| 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.
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| Publisher |
University of Perugia
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| Contributor |
—
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| Date |
2013-07-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/113
10.5202/rei.v4i2.113 |
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| Source |
Review of Economics and Institutions; Vol 4, No 2 (2013); 25
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/113/117
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| Rights |
—
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