Stimulus to Fiscal Consolidation (IMF)

IMF published the paper From stimulus to consolidation: revenue and expenditure policies in advanced and emerging economies. This paper identifies policy tools to support fiscal consolidation in the years ahead. Its starting point is the analysis in the recent Board papers describing strategies for fiscal consolidation, which showed that on current trends, general government debt in advanced countries would rise 36 percentage points of GDP during 2007-14 and trends are more favorable in emerging economies. see: http://www.imf.org/external/np/pp/eng/2010/043010a.pdf