It takes the average reader and 28 minutes to read What Sustains Fiscal Consolidations in Emerging Market Countries? by Mr. Benedict J. Clements
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This paper examines the factors affecting the persistence of fiscal consolidation in 25 emerging market countries during 1980-2001. It proposes a new approach for defining spells of fiscal consolidation. The results indicate that the probability of ending a fiscal adjustment is affected by the legacy of previous fiscal failures, the size of the deficit, the composition of spending, and level of total revenues. There is also some evidence that the initial debt stock, exchange rate developments, inflation, and the unemployment rate have an impact on the persistence of adjustments.
What Sustains Fiscal Consolidations in Emerging Market Countries? by Mr. Benedict J. Clements is 28 pages long, and a total of 7,224 words.
This makes it 9% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read What Sustains Fiscal Consolidations in Emerging Market Countries? aloud.
What Sustains Fiscal Consolidations in Emerging Market Countries? is suitable for students ages 8 and up.
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