Fiscal Consolidations and Growth : Does Speed Matter? /

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the multiplier....

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Bibliographic Details
Main Author: Pennings, Steven
Other Authors: Perez Ruiz, Esther
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/230
Online Access:Full text available on IMF