It takes the average reader and 42 minutes to read The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America by Mr.Yan Carriere-Swallow
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We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Based on this narrative dataset, our estimates suggest that fiscal consolidation has contractionary effects on GDP, consistent with a multiplier of 0.9. We find these effects to be close to those in OECD countries based on a similarly constructed dataset (Devries and others, 2011). We also find similar estimation results for the two groups of economies for the effect of fiscal consolidation on the external current account balance, providing support for the twin deficits hypothesis.
The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America by Mr.Yan Carriere-Swallow is 42 pages long, and a total of 10,584 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America aloud.
The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America is suitable for students ages 8 and up.
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