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Experience with Large Fiscal Adjustments
Mr. Mark A. Horton
Mr. George C. Tsibouris
Wojciech Maliszewski
Mr. Mark J Flanagan
出版
International Monetary Fund
, 2006-06-14
主題
Business & Economics / Banks & Banking
Business & Economics / Economics / Macroeconomics
Business & Economics / Public Finance
ISBN
1451948824
9781451948820
URL
http://books.google.com.hk/books?id=eK4vCSCr7qkC&hl=&source=gbs_api
註釋
When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment best designed and implemented? What will be its impact on the economy? This Occasional Paper addresses these questions by describing the experience of countries that have undertaken large fiscal adjustments in the last three decades. It provides operational guidance to policymakers by identifying preconditions, common policy approaches, and institutional arrangements underlying successful and unsuccessful adjustment episodes.