Front-Loaded or Back-Loaded Fiscal Adjustments : What Works in Emerging Market Economies? /

Front-Loaded or Back-Loaded Fiscal Adjustments : What Works in Emerging Market Economies? /

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 the highest likelihood of success. Fiscal consolidations based on expenditure cuts in...

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Bibliografiske detaljer
Hovedforfatter:	Clements, Benedict
Andre forfattere:	Baldacci, Emanuele, Gupta, Sanjeev, Mulas-Granados, Carlos
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2004.
Serier:	IMF Working Papers; Working Paper ; No. 2004/157
Online adgang:	Full text available on IMF

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