02071cas a2200277 a 4500 AALejournalIMF013974 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475563993 1018-59411 BD-DhAAL BD-DhAAL Anderson, Derek. Fiscal Consolidation in the Euro Area: How Much Can Structural Reforms Ease the Pain? Russian Fiscal Consolidation in the Euro Area : How Much Can Structural Reforms Ease the Pain? / Derek Anderson, Benjamin Hunt, Stephen Snudden. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The IMF's Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path. Mode of access: Internet Hunt, Benjamin. Snudden, Stephen. IMF Working Papers; Working Paper ; No. 2013/211 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/211/001.2013.issue-211-ru.xml IMF e-Library