Research considers effects of delaying fiscal consolidation on GDP
Paper analyses the effects of delaying consolidation in the G-7 countries
Delaying fiscal consolidation is "unlikely to significantly boost the present value of GDP", according to research published by the International Monetary Fund yesterday.
In How delaying fiscal consolidation affects the present value of GDP, Kevin Fletcher and Damiano Sandri analyse the effects of delaying consolidation by comparing two fiscal scenarios for the G-7 countries for the next 25 years.
"The simulation results reiterate the absence of substantive gains from delaying consolidation if
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