The Evolving Role Of Fiscal Policy In Centrally Planned Economies Under Reform
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Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 42 |
Release |
: 1989-03-31 |
ISBN-10 |
: 9781451981698 |
ISBN-13 |
: 1451981694 |
Rating |
: 4/5 (98 Downloads) |
Synopsis The Evolving Role of Fiscal Policy in Centrally Planned Economies Under Reform by : International Monetary Fund
Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of increasingly autonomous economic agents. In this respect, fiscal policy becomes central and its macroeconomic role is enhanced. This paper studies the recent Chinese experience, reviewing fiscal developments and analyzing the effectiveness and appropriateness of available fiscal instruments in performing their newly enhanced macroeconomic role.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 257 |
Release |
: 2015-04-20 |
ISBN-10 |
: 9781498344654 |
ISBN-13 |
: 1498344658 |
Rating |
: 4/5 (54 Downloads) |
Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author |
: |
Publisher |
: |
Total Pages |
: 300 |
Release |
: 2003 |
ISBN-10 |
: MINN:31951P00897009O |
ISBN-13 |
: |
Rating |
: 4/5 (9O Downloads) |
Synopsis The World Bank Research Observer by :
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 33 |
Release |
: 1998-03-01 |
ISBN-10 |
: 9781451844238 |
ISBN-13 |
: 1451844239 |
Rating |
: 4/5 (38 Downloads) |
Synopsis Coordination of Monetary and Fiscal Policies by : International Monetary Fund
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Author |
: Mr.Vito Tanzi |
Publisher |
: International Monetary Fund |
Total Pages |
: 376 |
Release |
: 1992-06-01 |
ISBN-10 |
: 1557751919 |
ISBN-13 |
: 9781557751911 |
Rating |
: 4/5 (19 Downloads) |
Synopsis Fiscal Policies in Economies in Transition by : Mr.Vito Tanzi
The collapse of central economic planning in many countries and the breakup of the Soviet Union have put into disarray systems of government revenues and expenditures in those countries. This collection of 16 papers, edited by Vito Tanzi, analyzes the strengths and weaknesses of fiscal policies under the old system of central planning and suggests ways to revitalize those policies in the newly emerging market economies.
Author |
: Mr.James Daniel |
Publisher |
: International Monetary Fund |
Total Pages |
: 80 |
Release |
: 2006-08-17 |
ISBN-10 |
: 1589065131 |
ISBN-13 |
: 9781589065130 |
Rating |
: 4/5 (31 Downloads) |
Synopsis Fiscal Adjustment for Stability and Growth by : Mr.James Daniel
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Author |
: Lajos Bokros |
Publisher |
: World Bank Publications |
Total Pages |
: 600 |
Release |
: 1998-01-01 |
ISBN-10 |
: 0821342525 |
ISBN-13 |
: 9780821342527 |
Rating |
: 4/5 (25 Downloads) |
Synopsis Public Finance Reform During the Transition by : Lajos Bokros
Public finance reform is simultaneously a process of fiscal adjustment and structural reforms in the public sector. Under socialist rule, Hungary's concept of public finance was nebulous, since there was no clear delineation between private and public sectors. As a transition country, structural reforms were aimed at creating not only sustainable institutional arrangements but were aimed at creating a government sector adapted to a market economy as well. The former socialist states were forced into abrupt transitions; and there was little time for minds and institutions to adapt. This volume aims to provide a comprehensive description of Hungary's experience of public finance reform in a former socialist economy, including: a history of the reform process; an empirical analysis of trends in public spending and revenues; evidence of Hungary's ability to move towards accession to the European Union (EU); a description of policy reforms in the public welfare system; an analysis of the reforms in key aspects of the institutional framework; and an examination of the tax system.
Author |
: Michael D. Bordo |
Publisher |
: University of Chicago Press |
Total Pages |
: 545 |
Release |
: 2013-06-28 |
ISBN-10 |
: 9780226066950 |
ISBN-13 |
: 0226066959 |
Rating |
: 4/5 (50 Downloads) |
Synopsis The Great Inflation by : Michael D. Bordo
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 74 |
Release |
: 2015-10-23 |
ISBN-10 |
: 9781498344067 |
ISBN-13 |
: 1498344062 |
Rating |
: 4/5 (67 Downloads) |
Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Author |
: Per Gunnar Berglund |
Publisher |
: Routledge |
Total Pages |
: 465 |
Release |
: 2007-05-07 |
ISBN-10 |
: 9781135991630 |
ISBN-13 |
: 1135991634 |
Rating |
: 4/5 (30 Downloads) |
Synopsis The Means to Prosperity by : Per Gunnar Berglund
While recent developments in monetary theory have been fast to spread to policy analysis and practice and the media, the same is not true of fiscal policy, and a void has emerged. Issues such as timing, cyclical adjustments, long-term sustainability, and social implications are often seen as detached from discussions in the public arena. This book fills this gap. It delivers a keen assessment of the role and scope of current fiscal policy. New contributions and critical reviews of state of the art research analyze fiscal policy in terms of viability, potency, consequences and sustainability, and also shed light on its relation to economic and political ideas. The general tone of this volume is cautiously favourable of fiscal activism, although the emphasis is placed more on medium-term adjustments than on short-term ‘fine-tuning’. The authors believe that the legacy of the last fiscal revolution has been an excessively negative view of deficits and debt, and believe that this volume will contribute to open a dialogue on fiscal issues, and bring back a more balanced view of fiscal policy. With contributions from leading authorities including Barbara Bergmann, Jeffrey Frankel and David Colander, this is a major new contribution to the field.