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150128 ||| eng |
| 020 |
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|a 9781455228058
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| 100 |
1 |
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|a Snudden, Stephen
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| 245 |
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|a Effects of Fiscal Consolidation in the Czech Republic
|c Stephen Snudden, Vladimir Klyuev
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2011
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| 300 |
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|a 65 pages
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| 651 |
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4 |
|a Czech Republic
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| 653 |
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|a Labor taxes
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Public debt
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Saving
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| 653 |
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|a Government consumption
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| 653 |
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|a Debt Management
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debts, Public
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| 653 |
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|a Fiscal consolidation
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| 653 |
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|a Debt
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Welfare & benefit systems
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Business Taxes and Subsidies
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| 653 |
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|a Consumption taxes
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Taxation
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| 653 |
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|a Personal Income and Other Nonbusiness Taxes and Subsidies
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| 653 |
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|a Public Finance
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| 653 |
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|a Spendings tax
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| 653 |
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|a Income tax
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| 700 |
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|a Klyuev, Vladimir
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| 041 |
0 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781455228058.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2011/065/001.2011.issue-065-en.xml?cid=24723-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a This paper uses the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), consolidation durations, assumptions about credibility, and monetary policy responses. Second, the paper evaluates the impact on the economy of tightening measures envisaged in the 2011 budget. Third, the paper considers alternative packages for consolidation beyond 2011 to achieve the government’s balanced budget target by 2016 and identifies which forms of adjustment are more "growth-friendly"
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