01810cas a2200265 a 4500 AALejournalIMF009442 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867428 1018-5941 BD-DhAAL BD-DhAAL Plekhanov, Alexander. Fiscal Adjustments : Determinants and Macroeconomic Consequences / Alexander Plekhanov, Manmohan Kumar, Daniel Leigh. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (38 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 The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a non-Ricardian multi-country dynamic general equilibrium model. The study finds that while fiscal consolidations tend to have short-run contractionary effects, they can be expansionary in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also create positive spillover effects for the rest of the world. Mode of access: Internet Kumar, Manmohan. Leigh, Daniel. IMF Working Papers; Working Paper ; No. 2007/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/178/001.2007.issue-178-en.xml IMF e-Library