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A Status Update on Fiscal Exit Strategies

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  • International Monetary Fund

Abstract

With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries - the G20 plus six others with large adjustment needs - and finds that most of them have made reasonable progress in defining these strategies. Nevertheless, strategies fall short in some areas, including committing to long-term debt targets, spelling out adjustment measures in detail, and tackling rising health care costs.

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  • International Monetary Fund, 2010. "A Status Update on Fiscal Exit Strategies," IMF Working Papers 2010/272, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/272
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    References listed on IDEAS

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    1. International Monetary Fund, 2009. "Fiscal Implications of the Global Economic and Financial Crisis," IMF Staff Position Notes 2009/013, International Monetary Fund.
    2. International Monetary Fund, 2009. "Fiscal Implications of the Global Economic and Financial Crisis," IMF Occasional Papers 2009/002, International Monetary Fund.
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    Cited by:

    1. Alfredo Calcagno, 2012. "Can austerity work?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(0), pages 24-36.

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