Fiscal Consolidation in a Currency Union: Spending Cuts vs. Tax Hikes
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- Erceg, Christopher J. & Lindé, Jesper, 2013. "Fiscal consolidation in a currency union: Spending cuts vs. tax hikes," Journal of Economic Dynamics and Control, Elsevier, vol. 37(2), pages 422-445.
- Christopher J. Erceg & Jesper Linde, 2012. "Fiscal consolidation in a currency union: spending cuts vs. tax hikes," International Finance Discussion Papers 1063, Board of Governors of the Federal Reserve System (U.S.).
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More about this item
Keywords
DSGE Model; Fiscal Policy; Liquidity Trap; Monetary Policy; Open Economy Macroeconomics; Zero Bound Constraint;JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2012-10-13 (Dynamic General Equilibrium)
- NEP-MAC-2012-10-13 (Macroeconomics)
- NEP-OPM-2012-10-13 (Open Economy Macroeconomics)
- NEP-PBE-2012-10-13 (Public Economics)
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