01677cas a2200253 a 4500 AALejournalIMF000233 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451965957 1018-5941 BD-DhAAL BD-DhAAL Westcott, Robert. An Empirical Analysis of Fiscal Adjustments / Robert Westcott, C. McDermott. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolidation that concentrates on the expenditure side, and especially on transfers and government wages, is more likely to succeed in reducing the public debt ratio than tax-based consolidation. Also, the greater the magnitude of the fiscal consolidation, the more likely it is to succeed in reducing the debt ratio. Mode of access: Internet McDermott, C. IMF Working Papers; Working Paper ; No. 1996/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/059/001.1996.issue-059-en.xml IMF e-Library