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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Clements, Benedict
Weitere Verfasser: Baldacci, Emanuele, Gupta, Sanjeev, Tiongson, Erwin
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2003.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2003/224
Online Zugang:Full text available on IMF