Fiscal Consolidation

Fiscal consolidation: What can we learn from the past? - PFM Blog

Fiscal consolidation is expected to bring more sustainable growth in the long run, but when governments cut spending or hike taxes, they have to ...

Glossary:Fiscal consolidation - Statistics Explained

Glossary:Fiscal consolidation. Fiscal consolidation describes government policy intended to reduce deficits and the accumulation of debt.

Fiscal Consolidation - International Monetary Fund (IMF)

ABSTRACT: Surges in public debt in many countries since the COVID-19 pandemic have rekindled interest in fiscal consolidations, which often entail difficult ...

Fiscal Consolidation: The Need for Evidence-Based Decision Making

Fiscal consolidation has become the cornerstone of the current policy debate across the. OECD area. Rising debt levels have called into question the ...

Fiscal Consolidation - an overview | ScienceDirect Topics

Fiscal consolidation is assumed to be accomplished by a permanent cut in general transfers equal to 0.5 percent of pre-consolidation GDP, and a permanent cut ...

Fiscal Consolidation Strategy | Stanford Institute for Economic Policy ...

In this paper we consider a fiscal consolidation strategy that brings the budget to balance by gradually reducing this spending ratio over time to the level ...

Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes

Overall, successful fiscal adjustments primarily cut spending and modestly increase taxes. A rough guideline for an expenditure-based plan is ...

Fiscal consolidation: What factors determine the success of ...

Keywords: Fiscal consolidation; taxation; government spending; fiscal rules; fiscal federalism. * Margit Molnar ([email protected]). At the time of ...

The output effect of fiscal consolidation plans - Harvard University

Large fiscal consolidations are typically multi-year processes in which a government announces and then implements a sequence of deficit reduction policies.

Fiscal consolidation and its growth effects in euro area countries

This paper is about fiscal consolidation measures (i.e. tax hikes and government spending cuts motivated by a desire to reduce the fiscal ...

The output effect of fiscal consolidation plans - ScienceDirect

We show that this finding is a consequence of fiscal policy being conducted through multi-year plans. The fact that episodes of fiscal consolidation can be ...

Impact of fiscal consolidation in different states of domestic ...

The U-shape is found which indicates that fiscal consolidation is effective in reducing domestic government debt at a low level. However, as domestic government ...

Figures of the week: The importance of fiscal consolidation and ...

Figures of the week: The importance of fiscal consolidation and economic diversification in sub-Saharan Africa.

The Effects of Fiscal Consolidations: Theory and Evidence

We investigate the macroeconomic effects of fiscal consolidations based upon government spending cuts, transfers cuts and tax hikes. We extend a narrative ...

Fiscal Consolidation – UPSC Notes - BYJU'S

Fiscal Consolidation – India · Better targeting of government subsidies and extending Direct Benefit Transfer scheme for more subsidies. · Improving efficiency ...

Fiscal Consolidation; What Is It And Why Do We Need It? - The Gazelle

Fiscal consolidation means attempts to reduce a country's fiscal deficit. To understand fiscal consolidation, we have to first understand what ...

What is Fiscal Consolidation - Know Its Evolution & Importance

Key elements of fiscal consolidation include enhancing tax revenue collection and ensuring targeted expenditure, resulting in a manageable ...

DP18548 Fiscal Consolidation and Public Debt - CEPR

High public debt is urging policy makers to consider strategies to rebuild buffers and preserve debt sustainability.

The Permanent Effects of Fiscal Consolidations | NBER

Attempts to reduce debt via fiscal consolidations have very likely resulted in a higher debt to GDP ratio through their long-term negative impact on output.

Fiscal Consolidation in America: The Policy Options

In conclusion, the government begins with a budget deficit near ten percent of GDP that cannot be sustained for many more years. Significant reductions in the ...