How Much is A Lot? : Historical Evidence on the Size of Fiscal Adjustments /

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we rely on historical evidence from a sample of 91 adjustment episodes of countries during...

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Bibliographic Details
Main Author: Escolano, Julio
Other Authors: Jaramillo, Laura, Mulas-Granados, Carlos, Terrier, G.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/179
Online Access:Full text available on IMF