Series: IMF Working Papers
Author(s): Daniel Leigh , Andrea Pescatori , and Jaime Guajardo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2011
Keywords: government expenditure, output fluctuations, fiscal adjustments, fiscal consolidations, budget deficit, Taxation, Subsidies, and Revenue: General, And Finance,
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fi...