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Fiscal Reforms That Work

Fiscal Reforms That Work »

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

DOI: http://dx.doi.org/10.5089/9781557756244.051

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...

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...

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...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Source: Growth Forecast Errors and Fiscal Multipliers

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

Fiscal Reforms That Work

Fiscal Reforms That Work »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and...

Back Matter

Back Matter »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...

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...

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...

Front Matter

Front Matter »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

DOI: http://dx.doi.org/10.5089/9781475576443.001

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...