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Non-Keynesian Effects of Fiscal Consolidation An Analysis with an Estimated DSGE Model for the Hungarian Economy /

Using an estimated DSGE model for Hungary, the paper identifies the possible non-Keynesian channels through which a fiscal consolidation may manifest as expansionary. Simulations show that fiscal consolidation policies are typically contractionary. Nevertheless, taking into account some specific fea...

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Bibliographic Details
Main Author: Benk, Szilárd.
Corporate Author: OECD iLibrary.
Other Authors: Jakab, Zoltán.
Format: Online
Published: Paris : OECD Publishing, 2012.
Series:OECD working papers. Economic Department working papers ; no. 945.
Online Access:Online version
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