What Sustains Fiscal Consolidations in Emerging Market Countries?

What Sustains Fiscal Consolidations in Emerging Market Countries?
This paper examines the factors affecting the persistence of fiscal consolidation in 25 emerging market countries during 1980-2001. It proposes a new approach for defining spells of fiscal consolidation. The results indicate that the probability of ending a fiscal adjustment is affected by the legacy of previous fiscal failures, the size of the... READ MORE...

Publication date: November 2003
ISBN 9781451875348
$15.00

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