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Record Nr. |
UNINA9910464005103321 |
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Autore |
Leigh Daniel |
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Titolo |
Achieving a soft landing : the role of fiscal policy / / Daniel Leigh |
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Pubbl/distr/stampa |
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[Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
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©2008 |
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ISBN |
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1-4623-7699-1 |
1-4527-5110-2 |
1-282-84041-X |
1-4518-6931-2 |
9786612840418 |
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Descrizione fisica |
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1 online resource (25 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/69 |
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Disciplina |
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Soggetti |
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Fiscal policy - Colombia - Econometric models |
Monetary policy - Colombia - Econometric models |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Methodology; III. Results: Macroeconomic Effects of Fiscal Policy Tightening; Figures; 1. Domestic Risk Premium and the Debt-to-GDP Ratio; 2. Exogenous Permanent Cut in Public Consumption of 0.5 Percent of GDP; 3. Exogenous Permanent Cut in Public Investment of 0.5 Percent of GDP; IV. Results: Fiscal Policy and Macroeconomic Stability; 4. Private Savings Shock and Strength of Fiscal Policy Response; 5. Markup Shock and Strength of Fiscal Policy Response; 6. Efficiency Frontier: Markup Shock |
7. Efficiency Frontier for Different Monetary Policy Response Parameters8. Temporary Fall in Risk Premium by 100 Basis Points; 9. Risk Premium Shock and Strength of Fiscal Policy Response; V. Conclusions; References |
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Sommario/riassunto |
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This paper utilizes an open-economy New Keynesian overlapping generations model to assess the extent to which fiscal policy, along |
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