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Titolo: |
Walking hand in hand [[electronic resource] ] : fiscal policy and growth in advanced economies / / prepared by Carlo Cottarelli and Laura Jaramillo
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Pubblicazione: | [Washington, D.C.], : International Monetary Fund, 2012 |
Descrizione fisica: | 1 online resource (30 p.) |
Soggetto topico: | Economic development - Developed countries |
Fiscal policy - Developed countries | |
Debts, Public - Developed countries | |
Soggetto genere / forma: | Electronic books. |
Altri autori: |
CottarelliCarlo
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Note generali: | "Fiscal Affairs Department." |
"May 2012." | |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | 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 |
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 | |
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 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 discusses the complex relationships between fiscal policy |
Titolo autorizzato: | Walking hand in hand ![]() |
ISBN: | 1-4755-8971-9 |
1-4755-3723-9 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910453003503321 |
Lo trovi qui: | Univ. Federico II |
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