When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions. Can a large fiscal adjustment be implemented successfully? How is a large adjustment best designed and implemented? What will be its impact on the economy? This ""Occasional Paper"" addresses these questions by describing the experience of countries that have undertaken large fiscal adjustments in the last three decades. It provides operational guidance to policymakers by identifying preconditions, common policy approaches, and institutional arrangements underlying successful and unsuccessful adjustment episodes.
- ISBN13 9781589064584
- Publish Date 30 June 2006
- Publish Status Active
- Out of Print 8 December 2016
- Publish Country US
- Imprint International Monetary Fund (IMF)
- Format Paperback
- Pages 46
- Language English