What Sustains Fiscal Consolidations in Emerging Market Countries? /

This paper examines the factors affecting the persistence of fiscal consolidation in 25 emerging market countries during 1980-2001. It proposes a new approach for defining spells of fiscal consolidation. The results indicate that the probability of ending a fiscal adjustment is affected by the legac...

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Hlavní autor: Clements, Benedict
Další autoři: Baldacci, Emanuele, Gupta, Sanjeev, Tiongson, Erwin
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2003.
Edice:IMF Working Papers; Working Paper ; No. 2003/224
On-line přístup:Full text available on IMF