Front Matter Page
Research Department
Contents
I. Introduction
II. Background on the Potential Channels of Transmission
III. Data and Methodology
A. Data
Fiscal Consolidation Measure
Loan and Firm Characteristics
Country Characteristics
B. Methodology
IV. Empirical Findings
A. Descriptive Statistics
B. Baseline Regressions
C. Firm and Loan Characteristics
D. Country Conditions
E. Composition of Fiscal Consolidation Packages
F. Alternative Specifications and Robustness
V. Conclusions
References