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...
|Series:||OECD working papers. Economic Department working papers ;
no. 945. |
|Online Access:||Online version|
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