Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation?
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the go...
| Main Authors: | , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/250821565096379368/Are-Budget-Rigidities-a-Source-of-Fiscal-Distress-and-a-Constraint-for-Fiscal-Consolidation http://hdl.handle.net/10986/32209 |