01731cas a2200241 a 4500 AALejournalIMF002086 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845471 1018-5941 BD-DhAAL BD-DhAAL Purfield, Catriona. Fiscal Adjustment in Transition Countries : Evidence From the 1990's / Catriona Purfield. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (22 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 In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/036 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/036/001.2003.issue-036-en.xml IMF e-Library