Short term gain, long term pain? Impact of New Zealand's fiscal stimulus : A dynamic general equilibrium analysis
In this report we use our new dynamic computable general equilibrium model to analyse the impact of the personal tax cuts, cuts to small business taxes, and infrastructure spending that have been announced since late last year. We have assumed in this paper that the Government will need to raise taxes after the economy recovers to deal with the projected budget deficits and worsening net Crown debt.
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- Blanchard, Olivier J & Cottarelli, Carlo & Spilimbergo, Antonio & Symansky, Steven, 2009.
"Fiscal Policy for the Crisis,"
CEPR Discussion Papers
7130, C.E.P.R. Discussion Papers.
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