UID:
almafu_9958120569002883
Umfang:
1 online resource (36 p.)
ISBN:
9786612846120
,
9781462317400
,
1462317405
,
9781455218264
,
145521826X
,
9781282846128
,
1282846124
,
9781455201204
,
1455201200
Serie:
IMF Working Papers
Inhalt:
This note argues that because fiscal deficit after a crisis owe much to a drop in tax revenues and a sluggish revenue growth, its adjustment has to rely more on revenue augmentation than commonly thought. Cutting extra spending in the wake of the crisis would not balance the book, while a natural growth of tax revenue after the recovery may take a long time before financing the pre-crisis level of expenditure. Faced with unpopular choices, the government may implicitly prefer seeing higher inflation.
Anmerkung:
"June 2010."
,
Cover Page; Title Page; Copyright Page; Contents; Executive Summary; I Introduction; II A Simple Model to Illustrate a Fiscal Exit; III A More Realistic Model That Envisages Long Sluggish Revenue Growth; IV Application to Some Examples; V Policy Implications; VI Conclusion; Appendix; References; Footnotes
Sprache:
Englisch
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