Series: IMF Working Papers
Author(s): Benedict Clements , Sanjeev Gupta , Emanuele Baldacci , and Carlos Mulas-Granados
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2004
Keywords: fiscal consolidations, fiscal adjustments, fiscal sustainability, probability, statistics, Duration Analysis, Fiscal Policies and Behavior of Economic Agents: General,
This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have...