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...

Полное описание

Библиографические подробности
Главный автор: Clements, Benedict
Другие авторы: Baldacci, Emanuele, Gupta, Sanjeev, Tiongson, Erwin
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2003.
Серии:IMF Working Papers; Working Paper ; No. 2003/224
Online-ссылка:Full text available on IMF