Series: IMF Working Papers
Author(s): Julio Escolano , Laura Jaramillo , Carlos Mulas-Granados , and G. Terrier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 September 2014
Keywords: Deficit, primary balance, size of adjustment, fiscal adjustments, fiscal consolidations, Structure and Scope of Government,
The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we re...