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A Modern History of Fiscal Prudence and Profligacy

January 28, 2013

As policymakers assess the need for fiscal austerity against the risk of triggering a recession, a new IMF study looks back at fiscal policy around the world since 1800 and provides insights from those who grappled with similar challenges in the past

Categories: About the IMF


Rafael Romeu, Senior Economist, Fiscal Affairs Department, IMF

Related Links:
Public Finances in Modern History Database,Read the study