IDEAS home Printed from https://ideas.repec.org/p/imf/imfdps/2010-008.html
   My bibliography  Save this paper

Strategies for Fiscal Consolidation in the Post-Crisis World

Author

Listed:
  • Mr. Mauricio Villafuerte
  • Ms. Cemile Sancak
  • Jan Gottschalk
  • Mr. S. M. Ali Abbas
  • Olivier Basdevant
  • Ricardo Velloso
  • Fuad Hasanov
  • Greetje Everaert
  • Stephanie Eble
  • Junhyung Park

Abstract

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.

Suggested Citation

  • Mr. Mauricio Villafuerte & Ms. Cemile Sancak & Jan Gottschalk & Mr. S. M. Ali Abbas & Olivier Basdevant & Ricardo Velloso & Fuad Hasanov & Greetje Everaert & Stephanie Eble & Junhyung Park, 2010. "Strategies for Fiscal Consolidation in the Post-Crisis World," IMF Departmental Papers / Policy Papers 2010/008, International Monetary Fund.
  • Handle: RePEc:imf:imfdps:2010/008
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23878
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. S M Ali Abbas & Nazim Belhocine & Asmaa El-Ganainy & Mark Horton, 2011. "Historical Patterns and Dynamics of Public Debt—Evidence From a New Database," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(4), pages 717-742, November.
    2. Alina Georgeta Ailinca, 2021. "Debt And Debt Sustainability In The Context Of Sustianable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 68-77, October.
    3. Markus Eller & Branimir Jovanovic & Thomas Scheiber, 2021. "What do people in CESEE think about public debt?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/21, pages 35-58.
    4. Slawomir Franek & Marta Postula, 2020. "Does Eurozone Membership Strengthen the Significance of Fiscal Instruments?," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 131-151, May.
    5. Markus Eller & Martin Feldkircher & Florian Huber, 2017. "How would a fiscal shock in Germany affect other European countries? Evidence from a Bayesian GVAR model with sign restrictions," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 54-77.
    6. Neil Hart, 2011. "Mainstream Macroeconomics: A ‘Keynesian’ Revival?," The Economic and Labour Relations Review, , vol. 22(1), pages 17-40, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfdps:2010/008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.