Expansionary Austerity New International Evidence /

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding t...

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Bibliographic Details
Main Author: Leigh, Daniel
Other Authors: Guajardo, Jaime, Pescatori, Andrea
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/158
Online Access:Full text available on IMF