Series: Occasional Papers
Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 June 2006
Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy
An adjustment episode is defined as any year or succession of years of uninterrupted improvement in the fiscal primary balance, and focuses on the consolidated central government (o...