Clements, Benedict J.; Gupta, Sanjeev; Tiongson, Erwin; … - International Monetary Fund (IMF) - 2003
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 results indicate that the probability of ending a fiscal adjustment is affected by the...
