Fiscal adjustment and deficit financing during the debt crisis

William Easterly

    Research output: Contribution to journalArticle

    Abstract

    Firstly analyses the fiscal adjustment undertaken in high-debt countries after the outbreak of the crisis, using only consolidated public sector data. Then sets out a framework for the analysis of the domestic financing of public deficits and their macroeconomic consequences, discussing firstly overall flows within the economy and then the menu of financing choices available. Next, some economic outcomes are examined in light of the predictions obtained from the previous sections. -after Author

    Original languageEnglish (US)
    Pages (from-to)91-115
    Number of pages25
    JournalUnknown Journal
    StatePublished - 1989

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    debt crisis
    Public Sector
    Macroeconomics
    Adjustment
    Economics
    Prediction
    debt
    macroeconomics
    public sector
    prediction
    economics
    Crisis
    Framework
    financing
    public
    economy
    analysis

    ASJC Scopus subject areas

    • Earth and Planetary Sciences(all)
    • Environmental Science(all)

    Cite this

    Fiscal adjustment and deficit financing during the debt crisis. / Easterly, William.

    In: Unknown Journal, 1989, p. 91-115.

    Research output: Contribution to journalArticle

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