Series: IMF Working Papers
Author(s): Steven Pennings , and Esther Perez Ruiz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 November 2013
Keywords: fiscal multipliers, government expenditure, anticipation effects, government spending, fiscal consolidations, General,
Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standar...