Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects /
This paper studies how the composition of fiscal adjustments influences their likelihood of 'success', defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wa...
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| Format: | Zeitschrift |
| Sprache: | English |
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Washington, D.C. :
International Monetary Fund,
1996.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1996/070 |
| Online Zugang: | Full text available on IMF |