Author/Editor: Benedict J Clements, Sanjeev Gupta, Emanuele Baldacci, Carlos Mulas-Granados.

Release Date:August, 2004

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 more...

Author/Editor: Naoko C Kojo, Arye L Hillman, Emanuele Baldacci.

Release Date:December, 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 more...

Author/Editor: Benedict J Clements, Sanjeev Gupta, Erwin Tiongson, Emanuele Baldacci.

Release Date:November, 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 more...

Author/Editor: Benedict J Clements, Gabriela Inchauste, Nita Thacker, Thomas William Dorsey, Shamsuddin Tareq, Emanuele Baldacci, Sanjeev Gupta, Mark W Plant.

Release Date:September, 2002

In late 1999 the IMF established the Poverty Reduction and Growth Facility (PRGF) to integrate the objectives of poverty reduction and growth more fully into its operations for the poorest countries, more...

Author/Editor: Benedict J Clements, Sanjeev Gupta, Emanuele Baldacci, Carlos Mulas-Granados.

Release Date:April, 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 more...