Belgium ; Selected Issues
This Selected Issues paper analyzes Belgium’s fiscal stance using a structural stochastic model. This note uses a theoretical model that explicitly accounts for the trade-offs between the short-term cost of fiscal tightening and the long-term gains associated with higher fiscal buffers. This paper shows that once the current crisis is over, rebuilding fiscal buffers is essential to helping Belgium confront the next shock from a stronger fiscal position. Overall, this illustrates a major motivation for a credible medium-term fiscal consolidation strategy. When a government reduces debt, it incr... Mehr ...
Dokumenttyp: | Artikel |
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Erscheinungsdatum: | 2020 |
Reihe/Periodikum: | IMF Staff Country Reports ; volume 20, issue 92 ; ISSN 1934-7685 |
Verlag/Hrsg.: |
International Monetary Fund (IMF)
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Schlagwörter: | General Medicine |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26984465 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://dx.doi.org/10.5089/9781513538877.002 |