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        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary
        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary

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        The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary

        ABSTRACT

        This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determined by the mix of revenue and expenditure measures, has important implications for growth, employment, investment, and other key macroeconomic variables. A reduction in current expenditures yields the smallest GDP contraction in the short term and can increase output in the long term by stimulating labor participation and private investment.

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        • TypeReport
        • PriceFree
        • FormatPDF
        • Size1.64 MB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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