Fiscal Policy and Long-Term Growth

Policy Papers, April 20, 2015

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Fiscal Policy and Long-Term Growth

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Bibliographic details

• Published: April 20, 2015
• Series: Policy Papers
• Stock No: ISBN

Overview

• Publication date: April 20, 2015
• Format: web landing page with Download PDF option
• Core purpose: explores how fiscal policy can affect medium- to long-term growth, identifies main channels through which fiscal policy influences growth, and distills practical lessons for policymakers.
• Emphasis: the particular mix of policy measures will depend on country-specific conditions, capacities, and preferences.

Key findings

• Fiscal policy affects medium- to long-term growth through multiple channels (channels are identified in the paper).
• Practical lessons for policymakers are distilled based on these channels.
• The paper leverages several analytical approaches to assess fiscal policy effects on growth:
  • A novel approach for country studies.
  • A statistical analysis of growth accelerations following fiscal reforms.
  • Simulations of an endogenous growth model.
• The analysis draws on the Fund’s extensive technical assistance on fiscal reforms.

Policy implications and recommendations

• Policy mixes must be tailored to country-specific conditions, capacities, and preferences.
• Fiscal reforms that are informed by country studies, statistical evidence on growth accelerations, and model simulations can better support medium- to long-term growth.
• Practical lessons are distilled for policymakers (policy guidance is presented in the paper).

Methodology and evidence base

• The paper synthesizes:
  • Fund technical assistance experience on fiscal reforms.
  • A novel country-study approach.
  • Statistical analysis of growth accelerations following fiscal reforms.
  • Endogenous growth model simulations.

Subject areas covered

• Developed countries
• Emerging markets
• Low-income developing countries
• Fiscal policy
• Fiscal reforms
• Public debt
• Economic growth
• Economic models
• Time series

Additional metadata visible on the landing page

• The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
• Preview citation example included: Fiscal Policy and Long-Term Growth, (USA: International Monetary Fund, 0) accessed 9/18/2026

Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964

Content in this bundle

• Fiscal Policy and Long-Term Growth; IMF Policy Paper, April 20, 2015
  • Fiscal Policy and Long-Term Growth; IMF Policy Paper, April 20, 2015 (Markdown version)
  • Fiscal Policy and Long-Term Growth; IMF Policy Paper, April 20, 2015 (PDF)