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France: Lessons From Past Fiscal Consolidation Plans

This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European Econ...

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1. Verfasser:	Martin, Edouard (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2011
Schriftenreihe:	IMF Working Papers Working Paper No. 11/89
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European Economic and Monetary Union, and the fiscal consolidation under the corrective arm of the European Stability and Growth Pact in 2003-07. These experiences offer important lessons for the future, suggesting that binding constraints help focus policymakers' attention and justify their actions; spending restraint needs to be shared and coordinated across all levels of government; and appropriate deficit targets could help in enforcing budgetary discipline in good times
Beschreibung:	1 Online-Ressource (26 p)
ISBN:	1455233153 9781455233151

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spelling	Martin, Edouard Verfasser aut France Lessons From Past Fiscal Consolidation Plans Martin, Edouard Washington, D.C International Monetary Fund 2011 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/89 This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European Economic and Monetary Union, and the fiscal consolidation under the corrective arm of the European Stability and Growth Pact in 2003-07. These experiences offer important lessons for the future, suggesting that binding constraints help focus policymakers' attention and justify their actions; spending restraint needs to be shared and coordinated across all levels of government; and appropriate deficit targets could help in enforcing budgetary discipline in good times Online-Ausg Tytell, Irina Sonstige oth Yakadina, Irina Sonstige oth http://elibrary.imf.org/view/IMF001/11784-9781455233151/11784-9781455233151/11784-9781455233151.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Martin, Edouard France Lessons From Past Fiscal Consolidation Plans
title	France Lessons From Past Fiscal Consolidation Plans
title_auth	France Lessons From Past Fiscal Consolidation Plans
title_exact_search	France Lessons From Past Fiscal Consolidation Plans
title_exact_search_txtP	France Lessons From Past Fiscal Consolidation Plans
title_full	France Lessons From Past Fiscal Consolidation Plans Martin, Edouard
title_fullStr	France Lessons From Past Fiscal Consolidation Plans Martin, Edouard
title_full_unstemmed	France Lessons From Past Fiscal Consolidation Plans Martin, Edouard
title_short	France
title_sort	france lessons from past fiscal consolidation plans
title_sub	Lessons From Past Fiscal Consolidation Plans
url	http://elibrary.imf.org/view/IMF001/11784-9781455233151/11784-9781455233151/11784-9781455233151.xml
work_keys_str_mv	AT martinedouard francelessonsfrompastfiscalconsolidationplans AT tytellirina francelessonsfrompastfiscalconsolidationplans AT yakadinairina francelessonsfrompastfiscalconsolidationplans

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MARC

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