Ali Abas, S.M., Akitoby, B., Andritzky, J.R., Berger, H., Komatsuzaki, T. and Tyson, J., (2013), “Dealing with High Debt in an Era of Low Growth”, IMF Staff Discussion Note, SDN/13/07, Σεπτέμβριος.
Τask has become particularly challenging in European advanced economies where expectations of low growth and limits to monetary policy support are shifting the burden of adjustment onto fiscal consolidation. The SDN will investigate the main drivers behind successful past debt reversals, focusing on macroeconomic and financial market conditions, the speed and form of fiscal adjustment, and the institutional policy setting, among other things. Its policy conclusions will depend on the emerging stylized facts but are likely to include considerations on the design and pace of fiscal consolidation, taking into account country-specific as well as regional economic, institutional, and political factors.
Σχετικές Αναρτήσεις
- Brender, A., Pisani, F. and Gagna, E., (2013), The Sovereign Debt Crisis: Placing a curb on growth, Brussells: Centre for European Policy Studies (CEPS).
- Mody, Ash., (2013), “Sovereign debt and its restructuring framework in the euro area”, www.bruegel.org, 12 Αυγούστου.
- Nicos, Christodoulakis, (2013), “From Grexit to Growth: On Fiscal Multipliers and How to End Recession in Greece”, National Institute Economic Review, No. 224, pp.66-76.