Similar Search Results

Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries

Clements, Benedict J.; Gupta, Sanjeev; Baldacci, Emanuele; … - International Monetary Fund (IMF) - 2002

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...

Persistent link: https://www.econbiz.de/10005264087

Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries

Kojo, Naoko C.; Hillman, Arye L.; Baldacci, Emanuele - International Monetary Fund (IMF) - 2003

Private investment is the principal transmission channel through which fiscal policy affects growth in high-income countries. In low-income countries, governance and also other considerations suggest that the primary channel is factor productivity. Empirical results reported in this paper...

Persistent link: https://www.econbiz.de/10005605191

How Effective is Fiscal Policy Response in Systemic Banking Crises?

Gupta, Sanjeev; Mulas-Granados, Carlos; Baldacci, Emanuele - International Monetary Fund (IMF) - 2009

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...

Persistent link: https://www.econbiz.de/10008528701

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies

Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - International Monetary Fund (IMF) - 2013

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...

Persistent link: https://www.econbiz.de/10010790249

Restoring Debt Sustainability After Crises; Implications for the Fiscal Mix

Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - International Monetary Fund (IMF) - 2010

This paper analyzes the experience of 99 advanced and developing economies in restoring fiscal sustainability during 1980 - 2008 after banking crises, which led to large accumulation of public debt. It finds that successful debt reductions have relied chiefly on generation of large primary...

Persistent link: https://www.econbiz.de/10008680272

Public Expenditureson Social Programs and Household Consumption in China

Baldacci, Emanuele; Ding, Ding; Coady, David; … - International Monetary Fund (IMF) - 2010

sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would …This paper shows that increasing government social expenditures can make a substantive contribution to increasing … social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It …

Persistent link: https://www.econbiz.de/10008470372