Series: IMF Working Papers
Author(s): Natan Epstein , Selim Elekdag , and Marialuz Moreno Badia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2006
Keywords: distortionary taxes, tax cuts, government deficit, Open Economy Macroeconomics, International Policy Coordination and Transmission, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General,
Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities...