## Fiscal Policy and Long-Term Growth

_Policy Papers, April 20, 2015_

## Source details

**Canonical URL:** [Fiscal Policy and Long-Term Growth](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964/bundle-manifest.json)

## Bibliographic details
- Published: April 20, 2015
- Series: Policy Papers
- Stock No: ISBN

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### 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*

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## 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)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_042015.pdf.md){rel="alternate" type="text/markdown"}
  - [Fiscal Policy and Long-Term Growth; IMF Policy Paper, April 20, 2015 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_042015.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-policy-and-long-term-growth-pp4964_