TY - BOOK ID - 133924070 TI - Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design AU - Balasundharam, Vybhavi. AU - Basdevant, Olivier. AU - Benicio, Dalmacio. AU - Ceber, Andrew. AU - Kim, Yujin. AU - Mazzone, Luca. AU - Selim, Hoda. PY - 2023 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Economics: General KW - Public Finance KW - Inflation KW - Fiscal Policy KW - Taxation, Subsidies, and Revenue: General KW - National Government Expenditures and Related Policies: General KW - National Budget, Deficit, and Debt: General KW - Debt KW - Debt Management KW - Sovereign Debt KW - Price Level KW - Deflation KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Public finance & taxation KW - Fiscal consolidation KW - Fiscal policy KW - Public debt KW - Expenditure KW - Prices KW - Currency crises KW - Informal sector KW - Economics KW - Debts, Public KW - Expenditures, Public KW - Portugal UR - https://www.unicat.be/uniCat?func=search&query=sysid:133924070 AB - Surges in public debt in many countries since the COVID-19 pandemic have rekindled interest in fiscal consolidations, which often entail difficult policy choices in the face of economic and political constraints. This paper presents findings from a survey of the literature on fiscal consolidations, focusing on the pre-existing conditions, impact and design aspects of past consolidation episodes. These findings provide insight into factors that influence the chance of successful consolidations, their growth and distributional impact, the pace, phasing, duration and policy mix of reforms to mitigate the impact, and the role of fiscal institutions and capacity development in successful consolidations. ER -