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An Empirical Analysis of Fiscal Adjustments

An Empirical Analysis of Fiscal Adjustments »

Source: An Empirical Analysis of Fiscal Adjustments

Volume/Issue: 1996/59

Series: IMF Working Papers

Author(s): Robert Westcott , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1996

ISBN: 9781451965957

Keywords: fiscal consolidation, expenditure cuts, expenditure, fiscal policy, public debt

This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key findin...

Fiscal Adjustments

Fiscal Adjustments »

Source: Fiscal Adjustments : Determinants and Macroeconomic Consequences

Volume/Issue: 2007/178

Series: IMF Working Papers

Author(s): Alexander Plekhanov , Manmohan Kumar , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867428

Keywords: non-Ricardian model, expenditure, fiscal consolidations,

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 c...

Fiscal Consolidation During Times of High Unemployment

Fiscal Consolidation During Times of High Unemployment »

Source: Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint

Volume/Issue: 2015/262

Series: IMF Working Papers

Author(s): Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

ISBN: 9781513501192

Keywords: Fiscal Consolidation, Search Models of Unemployment, Small Open Economy, productivity, economy, unemployment, competition, unemployment rate, Unemployment: Models, Duration

This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the...

Fiscal Consolidations and Growth: Does Speed Matter?

Fiscal Consolidations and Growth: Does Speed Matter? »

Source: Fiscal Consolidations and Growth : Does Speed Matter?

Volume/Issue: 2013/230

Series: IMF Working Papers

Author(s): Steven Pennings , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2013

ISBN: 9781475517866

Keywords: fiscal multipliers, government expenditure, anticipation effects, government spending, fiscal consolidations, General,

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standar...

An Empirical Analysis of Fiscal Adjustments

An Empirical Analysis of Fiscal Adjustments »

Volume/Issue: 1996/59

Series: IMF Working Papers

Author(s): Robert Westcott , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1996

DOI: http://dx.doi.org/10.5089/9781451965957.001

ISBN: 9781451965957

Keywords: fiscal consolidation, expenditure cuts, expenditure, fiscal policy, public debt

This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key findin...

Fiscal Consolidation During Times of High Unemployment
			: The Role of Productivity Gains and Wage Restraint

Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint »

Volume/Issue: 2015/262

Series: IMF Working Papers

Author(s): Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

DOI: http://dx.doi.org/10.5089/9781513501192.001

ISBN: 9781513501192

Keywords: Fiscal Consolidation, Search Models of Unemployment, Small Open Economy, productivity, economy, unemployment, competition, unemployment rate, Unemployment: Models, Duration

This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the...

Fiscal Consolidations and Growth
			: Does Speed Matter?

Fiscal Consolidations and Growth : Does Speed Matter? »

Volume/Issue: 2013/230

Series: IMF Working Papers

Author(s): Steven Pennings , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2013

DOI: http://dx.doi.org/10.5089/9781475517866.001

ISBN: 9781475517866

Keywords: fiscal multipliers, government expenditure, anticipation effects, government spending, fiscal consolidations, General,

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standar...

Medium-Term Fiscal Multipliers during Protracted Recessions

Medium-Term Fiscal Multipliers during Protracted Recessions »

Volume/Issue: 2014/213

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , Marcos Poplawski-Ribeiro , and Ksenia Koloskova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2014

DOI: http://dx.doi.org/10.5089/9781498336192.001

ISBN: 9781498336192

Keywords: fiscal consolidations, cumulative multipliers, labour market, protracted recessions, consolidations, consolidation, recessions, economy, business cycle, General,

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17...

Private Sector Consumption Behavior and Non-Keynesian Effects of Fiscal Policy

Private Sector Consumption Behavior and Non-Keynesian Effects of Fiscal Policy »

Volume/Issue: 1999/112

Series: IMF Working Papers

Author(s): Rina Bhattacharya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1999

DOI: http://dx.doi.org/10.5089/9781451853582.001

ISBN: 9781451853582

Keywords: government debt, government consumption, Ricardian behavior, non-Keynesian effects, household income, government spending, permanent income, fiscal consolidation, fiscal variables

This paper explores the hypothesis that the propensity to consume out of income is not constant but varies, perhaps in a nonlinear fashion, with fiscal variables. It examines whether there is any empirical evidence...

Fiscal Adjustments
			: Determinants and Macroeconomic Consequences

Fiscal Adjustments : Determinants and Macroeconomic Consequences »

Volume/Issue: 2007/178

Series: IMF Working Papers

Author(s): Alexander Plekhanov , Manmohan Kumar , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867428.001

ISBN: 9781451867428

Keywords: non-Ricardian model, expenditure, fiscal consolidations,

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 c...