Fiscal adjustment and deficit financing during the debt crisis

W. R. Easterly

    Research output: Contribution to journalArticlepeer-review


    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

    ASJC Scopus subject areas

    • General Environmental Science
    • General Earth and Planetary Sciences


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