Baldacci, Emanuele; Clements, Benedict; Gupta, Sanjeev; … - In: Review of Development Economics 10 (2006) 4, pp. 612-631
This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have the highest likelihood of success. Fiscal consolidations based on expenditure...