Article ID Journal Published Year Pages File Type
5055505 Economic Modelling 2012 23 Pages PDF
Abstract
► We develop a medium-scale DSGE model for fiscal policy simulations. ► It features a two-country monetary union structure and equilibrium unemployment. ► We provide a notable degree of disaggregation on the fiscal expenditures side. ► Fiscal consolidation is the least damaging when reducing the public sector wages. ► It is most damaging when carried out by cutting public investment.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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FiMod - A DSGE model for fiscal policy simulations
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