The Resource Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment

Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment

Label
Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment
Title
Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment
Creator
Subject
Language
eng
Summary
We study whether multiyear fiscal adjustment plans in 17 OECD countries during 1980-2011 have been associated with market pressure. We find that only a third (34 percent) of the consolidations occurred under market pressure, suggesting that market pressure is important but not the main element associated with consolidation plans. Many adjustments under market pressure were also clustered around external shocks, and entailed larger median fiscal adjustments than other multiyear consolidations. In contrast, we find that virtually all multiyear consolidations aimed at reducing budget deficits occurred with initially weak macro-fiscal fundamentals
Member of
Cataloging source
IDEBK
Index
no index present
LC call number
HJ192.5
LC item number
.D45 2013eb
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF Working Papers,
Series volume
WP/13/170
Label
Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment
Publication
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn856626029
Dimensions
unknown
Extent
1 online resource
Form of item
online
Isbn
9781299803220
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.5089/9781484380871.001
http://library.link/vocab/ext/overdrive/overdriveId
511573
http://library.link/vocab/recordID
.b37119357
Specific material designation
remote
System control number
  • (OCoLC)856626029
  • imf1299803229

Library Locations

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      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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