02140cas a2200277 a 4500 AALejournalIMF018133 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484333112 1018-5941 BD-DhAAL BD-DhAAL Arizala, Francisco. The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa / Francisco Arizala, Jesus Gonzalez-Garcia, Charalambos Tsangarides, Mustafa Yenice. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (32 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 paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990-2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in advanced and emerging economies. The effect of changes in fiscal policy on output depends on the composition: cutting public investment has a larger effect on output than cutting public consumption or raising revenue. Episodes of fiscal consolidation have short- and medium-term output effects, but here, too, composition matters: fiscal consolidations based on reducing public investment have the largest effect on output, while fiscal consolidations based on revenue mobilization are less harmful than those based on public investment cuts. These findings suggest that the negative impact on growth can be mitigated through the design of fiscal adjustment and the accompanying policy environment. Mode of access: Internet Gonzalez-Garcia, Jesus. Tsangarides, Charalambos. Yenice, Mustafa. IMF Working Papers; Working Paper ; No. 2017/281 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/281/001.2017.issue-281-en.xml IMF e-Library