I Overview
Author: Mr. Mark A Horton, Mr. George C. Tsibouris, Wojciech Maliszewski1, and Mr. Mark J Flanagan
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
OP; IMF staff estimate; expenditure measure; event study technique; country authorities; adjustment design; Fiscal consolidation; Fiscal stance; Africa; Global; Western Europe; Baltics; macroeconomic outcome; consolidation episode

Abstract

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment best designed and implemented? What will be its impact on the economy? This Occasional Paper addresses these questions by describing the experience of countries that have undertaken large fiscal adjustments in the last three decades. It provides operational guidance to policymakers by identifying preconditions, common policy approaches, and institutional arrangements underlying successful and unsuccessful adjustment episodes.

Cover Experience with Large Fiscal Adjustments
Experience with Large Fiscal Adjustments
Author: Mr. Mark A Horton, Mr. George C. Tsibouris, Wojciech Maliszewski, and Mr. Mark J Flanagan
ISBN:
9781589064584
ISSN:
0251-6365
Publication Date:
14 Jun 2006
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589064584.084
Pages:
51

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