Fiscal Policy Response to External Crises The Case of Moldova 1998-2010

Working Paper No. 12/82

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through large fiscal adjustments during these crises and... READ MORE...

Publication date: March 2012
ISBN 9781475502343

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Publication date: March 2012


Publication date: March 2012