Botman, Dennis P. J.; Honjo, Keiko - International Monetary Fund (IMF) - 2006
Kingdom using the IMF’s Global Fiscal Model. Early consolidation dampens aggregate demand in the short term, but increases …. Finally, we show that tax reform aimed at increasing incentives to save could provide support to fiscal consolidation measures. …This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United …