Series: IMF Working Papers
Author(s): Salvatore Dell'Erba , Todd Mattina , and Agustin Roitman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 July 2013
Keywords: market pressure, macro-fiscal fundamentals, advanced economies, fiscal consolidations, fiscal adjustments, Asset Pricing, General,
We study whether multiyear fiscal adjustment plans in 17 OECD countries during 1980-2011 have been associated with market pressure. We find that only a third (34 percent) of the consolidations occurred under market...