Series: IMF Working Papers
Author(s): Benedict Clements , Sanjeev Gupta , Erwin Tiongson , and Emanuele Baldacci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
Keywords: survival analysis, probability, fiscal adjustments, fiscal deficit, Econometric and Statistical Methods: - Special Topics, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook,
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 result...