Series: IMF Working Papers
Author(s): Emanuele Baldacci , Sanjeev Gupta , and Carlos Mulas-Granados
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 November 2013
Keywords: fiscal adjustments, fiscal adjustment, spending cuts, General,
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 epis...