Is Fiscal Adjustment More Durable When The IMF is Involved?1
Aleš Bulíř () and
Soojin Moon ()
Additional contact information
Aleš Bulíř: International Monetary Fund.
Soojin Moon: Department of Economics, University of California, Los Angeles, CA, USA.
Authors registered in the RePEc Author Service: Ales Bulir ()
Comparative Economic Studies, 2004, vol. 46, issue 3, 373-399
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 countries without IMF-supported programmes, revenues increased modestly and expenditure declined sharply, while in programme countries both post-programme revenue and expenditure declined. However, in countries with programmes that included fiscal structural conditions, the adjustment was effected primarily through sharp expenditure compression. No evidence of a statistically significant impact of IMF conditionality was found. Moreover, fiscal developments were influenced by cyclical factors and by the general stance of macroeconomic policies. Comparative Economic Studies (2004) 46, 373–399. doi:10.1057/palgrave.ces.8100051
References: Add references at CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v46/n3/pdf/8100051a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v46/n3/full/8100051a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:46:y:2004:i:3:p:373-399
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2
Access Statistics for this article
Comparative Economic Studies is currently edited by Josef C. Brada and Paul Wachtel
More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Series data maintained by Sonal Shukla ().