Series: IMF Working Papers
Author(s): Salvatore Dell'Erba , Marcos Poplawski-Ribeiro , and Ksenia Koloskova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 December 2014
Keywords: fiscal consolidations, cumulative multipliers, labour market, protracted recessions, consolidations, consolidation, recessions, economy, business cycle, General,
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17...