TY - BOOK ID - 11955439 TI - Walking Hand in Hand : Fiscal Policy and Growth in Advanced Economies AU - Jaramillo, Laura. AU - Cottarelli, Carlo. AU - International Monetary Fund. PY - 2012 SN - 1475565445 1475503911 1475589719 1475537239 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Business & Economics KW - Economic Theory KW - Economic development KW - Fiscal policy KW - Debts, Public KW - Debts, Government KW - Government debts KW - National debts KW - Public debt KW - Public debts KW - Sovereign debt KW - Tax policy KW - Taxation KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Government policy KW - Debt KW - Bonds KW - Deficit financing KW - Economic policy KW - Finance, Public KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Macroeconomics KW - Public Finance KW - Interest Rates: Determination, Term Structure, and Effects KW - Fiscal Policy KW - Fiscal Policies and Behavior of Economic Agents: General KW - Economic Growth and Aggregate Productivity: General KW - Debt Management KW - Sovereign Debt KW - Public finance & taxation KW - Fiscal consolidation KW - Fiscal stance KW - Fiscal multipliers KW - Italy UR - https://www.unicat.be/uniCat?func=search&query=sysid:11955439 AB - Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal adjustment is likely to hurt growth in the short run, delaying improvements in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical in affecting productivity and employment growth. This paper discusses the complex relationships between fiscal policy and growth both in the short and in the long run. ER -