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Fiscal Adjustments in OECD Countries

Fiscal Adjustments in OECD Countries »

Source: Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Volume/Issue: 1996/70

Series: IMF Working Papers

Author(s): Alberto Alesina , and Roberto Perotti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1996

ISBN: 9781451960433

Keywords: fiscal adjustment, fiscal adjustments, expenditures, expenditure cuts

This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that f...

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments1

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments1 »

Source: How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments

Volume/Issue: 2014/179

Series: IMF Working Papers

Author(s): Julio Escolano , Laura Jaramillo , Carlos Mulas-Granados , and G. Terrier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2014

ISBN: 9781484378861

Keywords: Deficit, primary balance, size of adjustment, fiscal adjustments, fiscal consolidations, Structure and Scope of Government,

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we re...

Lessons from Successful Labor Market Reformers in Europe

Lessons from Successful Labor Market Reformers in Europe »

Volume/Issue: 2007/1

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451975352.003

ISBN: 9781451975352

Keywords: Fiscal adjustment, Europe, Employment, Labor supply, Labor market reforms, Political economy, Wage moderation, Wage bargaining, Tax reductions, labor market

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some...

Fiscal Adjustments in OECD Countries
			: Composition and Macroeconomic Effects

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects »

Volume/Issue: 1996/70

Series: IMF Working Papers

Author(s): Alberto Alesina , and Roberto Perotti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1996

DOI: http://dx.doi.org/10.5089/9781451960433.001

ISBN: 9781451960433

Keywords: fiscal adjustment, fiscal adjustments, expenditures, expenditure cuts

This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that f...

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments »

Volume/Issue: 2014/179

Series: IMF Working Papers

Author(s): Julio Escolano , Laura Jaramillo , Carlos Mulas-Granados , and G. Terrier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2014

DOI: http://dx.doi.org/10.5089/9781484378861.001

ISBN: 9781484378861

Keywords: Deficit, primary balance, size of adjustment, fiscal adjustments, fiscal consolidations, Structure and Scope of Government,

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we re...

Lessons from Successful Labor Market Reformers in Europe

Lessons from Successful Labor Market Reformers in Europe »

Source: Lessons from Successful Labor Market Reformers in Europe

Volume/Issue: 2007/1

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451975352

Keywords: Fiscal adjustment, Europe, Employment, Labor supply, Labor market reforms, Political economy, Wage moderation, Wage bargaining, Tax reductions, labor market

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some...