The Potential Contribution of Fiscal Policy to Rebalancing and Growth in New Zealand

Simulations with the Fund's GIMF model show that raising government savings in New Zealand permanently by 1 percent of GDP is likely to improve the current account balance by about ½ percent of GDP. The way government savings are achieved matters for GDP but little for the current account. However, results are sensitive to changes in the risk premium. Fiscally neutral changes in taxes and expenditures can raise output in the long run

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Year of publication:	2011
Authors:	Schule, Werner
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Neuseeland \| New Zealand \| Haushaltskonsolidierung \| Fiscal consolidation \| Nationaleinkommen \| National income \| Leistungsbilanz \| Current account \| Wirtschaftswachstum \| Economic growth \| Finanzpolitik \| Fiscal policy

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Extent:	1 Online-Ressource (25 p)
Series:	IMF Working Papers, Vol. , pp. 1-24, 2010
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2010 erstellt
Other identifiers:	10.2139/ssrn.1617027 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013133498