Back Matter
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund

References

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Appendix I. Calibration Parameters

Table A.1.

Long-run Growth Rates and Interest Rates (percent per annum)

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Table A.2:

Elasticities of Substitution

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Table A.3:

Utility Functions

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Table A.4:

Steady-state Factor Shares

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Table A.5.

Steady-state Expenditure to GDP Ratios

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Table A.6:

Other Steady-State Ratios

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Table A.7:

Financial Accelerator Parameters

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Table A.8:

Monetary and Fiscal Rule Parameters

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Table A.9:

Adjustment Costs

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Appendix II. Detailed Estimates of Fiscal Multipliers

The following analysis presents the simulations summarized in Figures A.1 to A.7 and Tables A.10 to A.16 with labor income taxes satisfying the fiscal rule. Tables A.17 to A.23 summarize the real GDP values for consolidation with general transfers satisfying the fiscal rule.

Figure A.l
Figure A.l

Effects of Fiscal Consolidation with Government Consumption

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A.2
Figure A.2

Effects of Fiscal Consolidation with Government Investment

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A.3
Figure A.3

Effects of Fiscal Consolidation with General Transfers

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A.4
Figure A.4

Effects of Fiscal Consolidation with Targeted Transfers

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A.5
Figure A.5

Effects of Fiscal Consolidation with Labor Income Taxes

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A.6
Figure A.6

Effects of Fiscal Consolidation with Consumption Taxes

ZIF Not Binding; Credible After One Year; Instrument in Fiscal Rule: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Figure A. 7
Figure A. 7

Effects of Fiscal Consolidation with Capital Income Taxes

ZIF Not Binding: Credible After One Year: Instrument in Fiscal Riile: Labor Income Taxes

Citation: IMF Working Papers 2011, 065; 10.5089/9781455228058.001.A999

Table A. 10

Fiscal Consolidation with Government Consumption Instrument in Fiscal Rule: Labor Income Faxes

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Table A. 11

Fiscal Consolidation with Government Investment Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 12

Fiscal Consolidation with General Transfers Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 13

Fiscal Consolidation with Targeted Transfers Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 14

Fiscal Consolidation with Labor Income Tax Revenue Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 15

Fiscal Consolidation Avith Consumption Tax Revenue Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 16

Fiscal Consolidation with Capital Income Tax Revenue Instrument in Fiscal Rule: Labor Income Taxes

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Table A. 17

Fiscal Consolidation with Government Consumption Instrument in Fiscal Rule: General Transfers

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Table A. 18

Fiscal Consolidation with Government Investment Instrument in Fiscal Rule: General Transfers

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Table A. 19

Fiscal Consolidation with General Transfers Instrument in Fiscal Rule: General Transfers

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