TY - BOOK ID - 84658613 TI - Options and Strategies for Fiscal Consolidation in India AU - Tapsoba, Sampawende. AU - International Monetary Fund. PY - 2013 SN - 1484387058 1484384687 1484331044 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Fiscal policy KW - Economic stabilization KW - Adjustment, Economic KW - Business stabilization KW - Economic adjustment KW - Stabilization, Economic KW - Economic policy KW - Macroeconomics KW - Public Finance KW - Taxation KW - Fiscal Policy KW - Open Economy Macroeconomics KW - National Deficit Surplus KW - Debt KW - Debt Management KW - Sovereign Debt KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Taxation, Subsidies, and Revenue: General KW - Business Taxes and Subsidies KW - Public finance & taxation KW - Fiscal consolidation KW - Public investment spending KW - Revenue administration KW - Consumption taxes KW - Expenditure KW - Taxes KW - Public investments KW - Revenue KW - Spendings tax KW - India UR - https://www.unicat.be/uniCat?func=search&query=sysid:84658613 AB - The paper uses a multi-region DSGE model to quantify the macroeconomic implications of three adjustment scenarios for India: growth-friendly, social-friendly, and a benchmark case centered on bringing down unproductive spending and strengthening the consumption tax. Simulations indicate that fiscal consolidation yields considerable long-term benefits but also entails output costs in the near term. The scenarios in which deficit reduction is accompanied by greater investment and social spending lead to better results than the benchmark case. The consolidation package alone is not enough to maximize net gains. Other factors, such as the pace and the credibility of consolidation, the concomitant implementation of structural reforms, and global economic conditions, play a critical role in the success of fiscal consolidation. ER -