More Books:

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies
Language: en
Pages: 37
Authors: Mr. Emanuele Baldacci, Mr. Sanjeev Gupta, Mr. Carlos Mulas-Granados
Categories: Business & Economics
Type: BOOK - Published: 2013-11-22 - Publisher: International Monetary Fund

This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during 1980–2012. It shows that expenditure-based, front-loaded fiscal adjustments can
New Evidence on Fiscal Adjustment and Growth in Transition Economies
Language: en
Pages: 33
Authors: Alejandro Simone, Alex Segura-Ubiergo, Sanjeev Gupta
Categories: Business & Economics
Type: BOOK - Published: 2006-10 - Publisher: International Monetary Fund

This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment and growth that is robust to different model specifications and
Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies
Language: en
Pages: 37
Authors: Mr.Emanuele Baldacci, Mr.Sanjeev Gupta, Mr.Carlos Mulas-Granados
Categories: Business & Economics
Type: BOOK - Published: 2013-11-22 - Publisher: International Monetary Fund

This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during 1980–2012. It shows that expenditure-based, front-loaded fiscal adjustments can
Fiscal Adjustment for Stability and Growth
Language: en
Pages: 76
Authors: Mr.James Daniel
Categories: Business & Economics
Type: BOOK - Published: 2006-08-17 - Publisher: International Monetary Fund

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful
Trimming the Sails
Language: en
Pages: 257
Authors: Istv n Bencz‚s
Categories: Business & Economics
Type: BOOK - Published: 2008-01-01 - Publisher: Central European University Press

Fiscal consolidation has significant short-term costs which can dampen economic growth. This widely shared consensus in the literature on political economy has made fiscal adjustment highly unpopular among rational politicians. By critically analyzing the international literature and building on evidence from European countries, Benczes conducts a systematic analysis to find