This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...

This paper presents an analysis of coyuntural and macroeconomic Colombian policy for 2006, and the perspectives on the performance of the economy in 2007. The study highlights the good behavior of the national economy and it presents some elements that justify it; this good behavior is reflected...

This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in...