An Empirical Analysis of Fiscal Adjustments /

This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolida...

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Bibliografische gegevens
Hoofdauteur: Westcott, Robert
Andere auteurs: McDermott, C.
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1996.
Reeks:IMF Working Papers; Working Paper ; No. 1996/059
Online toegang:Full text available on IMF
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245 1 3 |a An Empirical Analysis of Fiscal Adjustments /  |c Robert Westcott, C. McDermott. 
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300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolidation that concentrates on the expenditure side, and especially on transfers and government wages, is more likely to succeed in reducing the public debt ratio than tax-based consolidation. Also, the greater the magnitude of the fiscal consolidation, the more likely it is to succeed in reducing the debt ratio. 
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700 1 |a McDermott, C. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/059 
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