Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation?

Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation?

This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the go...

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Bibliographic Details
Main Authors: Munoz, Ercio, Olaberria, Eduardo
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
FISCAL POLICY
BUDGET RIGIDITY
FISCAL ADJUSTMENT
FISCAL CONSOLIDATION
DEBT BURDEN
PUBLIC WAGES
Online Access:http://documents.worldbank.org/curated/en/250821565096379368/Are-Budget-Rigidities-a-Source-of-Fiscal-Distress-and-a-Constraint-for-Fiscal-Consolidation
http://hdl.handle.net/10986/32209

Internet

http://documents.worldbank.org/curated/en/250821565096379368/Are-Budget-Rigidities-a-Source-of-Fiscal-Distress-and-a-Constraint-for-Fiscal-Consolidation
http://hdl.handle.net/10986/32209

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