Governments and Promised Fiscal Consolidations

Do They Mean What They Say?

Governments and Promised Fiscal Consolidations
This paper analyses the causes and consequences of fiscal consolidation promise gaps, defined as the distance between planned fiscal adjustments and actual consolidations. Using 74 consolidation episodes derived from the narrative approach in 17 advanced economies during 1978 – 2015, the paper shows that promise gaps were sizeable (about 0.3... READ MORE...

Publication date: February 2017
ISBN 9781475581133
$18.00

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