Fiscal Crises (Gerling et al.)

Fiscal crises by Kerstin Gerling, Paulo Medas, Tigran Poghosyan, Juan Farah-Yacoub, and Yizhi Xu published by IMF (2017). “A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries (LIDCs) that have been mostly ignored in the past…”

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