Fiscal Adjustment in Transition Countries: Evidence From the 1990's
In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 03/36 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth |
| Beschreibung: | 1 Online-Ressource (22 p) |
| ISBN: | 1451845472 9781451845471 |
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| index_date | 2024-07-03T20:13:29Z |
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| spelling | Purfield, Catriona Verfasser aut Fiscal Adjustment in Transition Countries Evidence From the 1990's Purfield, Catriona Washington, D.C International Monetary Fund 2003 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/36 In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth Online-Ausg http://elibrary.imf.org/view/IMF001/02462-9781451845471/02462-9781451845471/02462-9781451845471.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Purfield, Catriona Fiscal Adjustment in Transition Countries Evidence From the 1990's |
| title | Fiscal Adjustment in Transition Countries Evidence From the 1990's |
| title_auth | Fiscal Adjustment in Transition Countries Evidence From the 1990's |
| title_exact_search | Fiscal Adjustment in Transition Countries Evidence From the 1990's |
| title_exact_search_txtP | Fiscal Adjustment in Transition Countries Evidence From the 1990's |
| title_full | Fiscal Adjustment in Transition Countries Evidence From the 1990's Purfield, Catriona |
| title_fullStr | Fiscal Adjustment in Transition Countries Evidence From the 1990's Purfield, Catriona |
| title_full_unstemmed | Fiscal Adjustment in Transition Countries Evidence From the 1990's Purfield, Catriona |
| title_short | Fiscal Adjustment in Transition Countries |
| title_sort | fiscal adjustment in transition countries evidence from the 1990 s |
| title_sub | Evidence From the 1990's |
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