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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Clements, Benedict
Muut tekijät: Baldacci, Emanuele, Gupta, Sanjeev, Tiongson, Erwin
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2003.
Sarja:IMF Working Papers; Working Paper ; No. 2003/224
Linkit:Full text available on IMF