Strategies Fiscal Consolidation (IMF)

Strategies for fiscal consolidation in the post-crisis world, by Fiscal Affairs Deparment, and published by IMF (4/2/2010) This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. The analysis shows that the fiscal challenge is daunting, particularly in advanced economies, but also that historical precedents exist for overcoming it.