国际货币基金组织：撒哈拉以南非洲的财政乘数叙述（英文版）

This paper estimates the macroeconomic effects of fiscal consolidations in sub-Saharan Africa using a newly constructed narrative dataset of discretionary fiscal policy actions for 14 countries over 1990–2024. The dataset, documented in Abdel-Latif et. al. (2025), identifies fiscal measures undertaken for reasons unrelated to current or prospective economic conditions, providing a credible basis for estimating fiscal multipliers. The results show that a fiscal consolidation of 1 percent of GD