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The exchange rate and fiscal consolidation episodes in emerging market economies

An analysis of fiscal consolidations in emerging market economies during 1970-2004 suggests that exchange rate depreciation raises the probability of a fiscal consolidation being successful, including when controlling for debt, growth, the composition of the consolidation, and degree of democracy.
Year of publication:
2008
Authors: Mati, Amine ; Thornton, John
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 1, p. 115-118
Publisher: Elsevier
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10005362232
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