Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? PDF full book. Access full book title Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? by Soojin Moon. Download full books in PDF and EPUB format.

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? PDF Author: Soojin Moon
Publisher: International Monetary Fund
ISBN: 1451845715
Category : Business & Economics
Languages : en
Pages : 46

Get Book

Book Description
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in program countries both revenue and expenditure declined. However, in countries with programs that included structural conditions the adjustment was effected primarily through sharp expenditure compression. We did not find evidence of a statistically significant impact of IMF conditionality. Morever, fiscal improvements are strongly influenced by cyclical factors