Pressure or Prudence? : Tales of Market Pressure and Fiscal Adjustment /

We study whether multiyear fiscal adjustment plans in 17 OECD countries during 1980-2011 have been associated with market pressure. We find that only a third (34 percent) of the consolidations occurred under market pressure, suggesting that market pressure is important but not the main element assoc...

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Detalles Bibliográficos
Autor Principal: Dell'Erba, Salvatore
Outros autores: Mattina, Todd, Roitman, Agustin
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/170
Acceso en liña:Full text available on IMF