Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean

We estimate the effects of fiscal consolidation on economic activity based on a new narrative data set for 14 emerging economies in Latin America and the Caribbean (LAC). Following a Romer and Romer identification approach, we examine contemporaneous policy documents to identify changes in fiscal po...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2021-09, Vol.53 (6), p.1313-1335
Hauptverfasser:	CARRIÈRE‐SWALLOW, YAN, DAVID, ANTONIO C., LEIGH, DANIEL
Format:	Artikel
Sprache:	eng
Schlagworte:	Activity based Budget deficits Business cycles Economic activity emerging market economies Emerging markets fiscal consolidation fiscal multipliers Fiscal policy Foreign exchange rates GDP Gross Domestic Product Narratives Policy making
Online-Zugang:	Volltext
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