Optimal fiscal and monetary policy, debt crisis and management / prepared by Cristiano Cantore [and three others].
The initial government debt-to-GDP ratio and the government's commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidatio...
Saved in:
| Online Access: | Electronic book from EBSCO |
|---|---|
| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: | [Washington, D.C.] : International Monetary Fund, [2017] ©2017 |
| Series: | IMF working paper ;
WP/17/78. |
| Subjects: |