Front-Loaded or Back-Loaded Fiscal Adjustments : What Works in Emerging Market Economies?

What Works in Emerging Market Economies?

Front-Loaded or Back-Loaded Fiscal Adjustments : What Works in Emerging Market Economies?
This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have the highest likelihood of success. Fiscal consolidations based on expenditure cuts increase the probability of approaching and... READ MORE...

Publication date: August 2004
ISBN 9781451857528
$15.00

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