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....

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Pennings, Steven
Weitere Verfasser: Perez Ruiz, Esther
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2013/230
Online Zugang:Full text available on IMF