Short term gain, long term pain? Impact of New Zealand's fiscal stimulus: A dynamic general equilibrium analysis

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Schilling, C and Giesecke, James A ORCID: 0000-0002-7283-0551 (2009) Short term gain, long term pain? Impact of New Zealand's fiscal stimulus: A dynamic general equilibrium analysis. Working Paper. New Zealand Institute of Economic Research (NZIER).

Abstract

In this report we use our new dynamic computable general equilibrium model to analyse the impact of the personal tax cuts, cuts to small business taxes, and infrastructure spending that have been announced since late last year. We have assumed in this paper that the Government will need to raise taxes after the economy recovers to deal with the projected budget deficits and worsening net Crown debt.

Additional Information

ZIER working paper 2009/3.
ISSN: 1170-2583

Item type Monograph (Working Paper)
URI https://vuir.vu.edu.au/id/eprint/29411
Official URL http://nzier.org.nz/publication/short-term-gain-lo...
Subjects Historical > FOR Classification > 1402 Applied Economics
Current > Division/Research > Centre of Policy Studies (CoPS)
Keywords C68 E62 H24 H25; CGE modelling; income taxes; personal; New Zealand; fiscal stimulus
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