The Resource Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations, Ray Barrell, Dawn Holland and Ian Hurst, (electronic resource)

Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations, Ray Barrell, Dawn Holland and Ian Hurst, (electronic resource)

Label
Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations
Title
Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations
Statement of responsibility
Ray Barrell, Dawn Holland and Ian Hurst
Creator
Contributor
Subject
Language
eng
Summary
This paper looks at various aspects of fiscal consolidation in 18 OECD economies. The prospects for fiscal consolidation depend upon the problems the country may face with its debt stock, the political will to deal with these problems and on the costs of consolidation. The analysis is based on a series of simulations using the National Institute Global Econometric Model, NiGEM. The properties of the NiGEM model are discussed first. Although the model is estimated it has a strong role for expectations and can be run under different modes of expectations formation. This allows a decomposition of the factors that might affect the results. Temporary and permanent shifts in fiscal policy are assessed as well as the potential impact of fiscal consolidation plans under different monetary and fiscal feedback rules and different modes of expectations formation. If fiscal policy is expected to be tightened in the future, then long rates will fall now, and perhaps even induce a short-term expansion of output. Expansionary fiscal contractions of this sort are rare, however, and none are anticipated with the programmes that are investigated
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Barrell, Ray
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Holland, Dawn
  • Hurst, Ian
Series statement
OECD Economics Department Working Papers,
Series volume
no.933
http://library.link/vocab/subjectName
Economics
Label
Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations, Ray Barrell, Dawn Holland and Ian Hurst, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266868
Dimensions
21 x 30 cm
Extent
1 online resource 43 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9fdf6bs78r-en
Specific material designation
remote
System control number
(OCoLC)786266868
Label
Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations, Ray Barrell, Dawn Holland and Ian Hurst, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266868
Dimensions
21 x 30 cm
Extent
1 online resource 43 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9fdf6bs78r-en
Specific material designation
remote
System control number
(OCoLC)786266868

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