Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment

WP/13/170

Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment
We study whether multiyear fiscal adjustment plans in 17 OECD countries during 1980-2011 have been associated with market pressure. We find that only a third (34 percent) of the consolidations occurred under market pressure, suggesting that market pressure is important but not the main element associated with consolidation plans. Many... READ MORE...

Publication date: July 2013
ISBN 9781484374054
$18.00

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Publication date: July 2013

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Publication date: July 2013

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