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[null,"1.","Record Nr.",null,"UNINA9910971762503321"]
[null,null,"Autore",null,"Jaramillo Laura"]
[null,null,"Titolo",null,"Walking Hand in Hand : : Fiscal Policy and Growth in Advanced Economies / / Laura Jaramillo, Carlo Cottarelli"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2012"]
[null,null,"ISBN",null,"9781475589719"]
[{"$nulls":4},"1475589719"]
[{"$nulls":4},"9781475537239"]
[{"$nulls":4},"1475537239"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (30 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Disciplina",null,"332.1/52"]
[null,null,"Soggetti",null,"Economic development - Developed countries"]
[{"$nulls":4},"Fiscal policy - Developed countries"]
[{"$nulls":4},"Debts, Public - Developed countries"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Interest Rates: Determination, Term Structure, and Effects"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Fiscal Policies and Behavior of Economic Agents: General"]
[{"$nulls":4},"Economic Growth and Aggregate Productivity: General"]
[{"$nulls":4},"Debt"]
[{"$nulls":4},"Debt Management"]
[{"$nulls":4},"Sovereign Debt"]
[{"$nulls":4},"Public finance & taxation"]
[{"$nulls":4},"Fiscal consolidation"]
[{"$nulls":4},"Fiscal policy"]
[{"$nulls":4},"Public debt"]
[{"$nulls":4},"Fiscal stance"]
[{"$nulls":4},"Fiscal multipliers"]
[{"$nulls":4},"Debts, Public"]
[{"$nulls":4},"Italy"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"Fiscal Affairs Department.\""]
[{"$nulls":4},"\"May 2012.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Abstract; Contents; I. Introduction; II. Short-run interactions between growth and fiscal policy; Figures; 1. Historical Public Debt; 2. Impact on the Deficit to GDP of a 1 Percent of GDP Discretionary Fiscal Tightening in the First Year Relative to Baseline; 3. Impact of the Debt Ratio of a 1 Percent of GDP Discretionary Fiscal Tightening in the First Year; 4. GDP Growth and CDS Spreads; III. Long-term interactions between growth and fiscal policy; Table; 1. Determinants of CDS Spreads in Advanced Economies, Cross Section Analysis 2011"]
[{"$nulls":4},"5. Fiscal Adjustment and CDS Spreads with Alternative Fiscal Multipliers 6. Effect on Growth of Higher Debt to GDP Ratio; 7. Potential Revenue Increases in Advanced G7 Countries; 8. Public Sector Wages in Selected G7 Countries; 9. Pension Spending Increase, 2010-30; IV. Policy Conclusions; 10. Long-term Average of Primary Balance and Real GDP Growth; 11. Effect of Growth on Debt Stabilizing Primary Surplus; Introduction; Background; Appendix; Short-run Determinants of CDS Spreads in Advanced Economies; Empirical Model Estimation; Estimation Results; Conclusions; References"]
[null,null,null,"Sommario/riassunto","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 longterm 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 discusses the complex relationships between fiscal policy and growth both in the short and in the long run."]