Fiscal Policy In Open Developing Economies
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Fiscal Policy in Open Developing Economies
Author | : Mr.Vito Tanzi |
Publsiher | : International Monetary Fund |
Total Pages | : 244 |
Release | : 1990-06-15 |
Genre | : Business & Economics |
ISBN | : 9781557751713 |
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Based on papers presented at the 44th Congress of the international Institute of Public Finance, this book, edited by Vito Tanzi, deals with public finance and macroeconomic policy in open, developing economies, with case studies of Chile, Mexico, Turkey, Korea, and the Arab oil exporting countries.
Fiscal Limits External Debt and Fiscal Policy in Developing Countries
Author | : Huixin Bi,Ms.Wenyi Shen,Ms.Susan S. Yang |
Publsiher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2014-03-31 |
Genre | : Business & Economics |
ISBN | : 9781475521665 |
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This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and fiscal policy specifications. The analysis shows that expected future revenue plays an important role in the low fiscal limits of developing countries, relative to those of developed countries. External debt carries additional risks since large devaluation of the real exchange rate can suddenly raise default probabilities. Consistent with majority views, fiscal consolidations are counterproductive in the short and medium runs. When an economy approaches its fiscal limits, government spending can be less expansionary than in a low-debt state. As more revenue is required to service debt in a high-debt state, higher tax rates raise the economic cost of increasing consumption, reducing the fiscal multiplier.
Fiscal Policy Stabilization and Growth in Developing Countries
Author | : Mr.Mario I. Bléjer,Mr.Ke-young Chu |
Publsiher | : International Monetary Fund |
Total Pages | : 404 |
Release | : 1989-06-15 |
Genre | : Business & Economics |
ISBN | : 1557750343 |
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Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.
Fiscal and Monetary Policies and Problems in Developing Countries
Author | : Eprime Eshag |
Publsiher | : Cambridge University Press |
Total Pages | : 316 |
Release | : 1983 |
Genre | : Business & Economics |
ISBN | : 0521270499 |
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Consideration on the use of fiscal and monetary policies in less developed countries to overcome the three sets of obstacles to development largely because of socio-political constraints. The three major obstacles to development are: inadequate investment; misallocation of investment resources; and internal and external imbalance i.e. inflation and balance of payments deficits.
Is Fiscal Policy the Answer
Author | : Blanca Moreno-Dodson |
Publsiher | : World Bank Publications |
Total Pages | : 285 |
Release | : 2012-11-15 |
Genre | : Business & Economics |
ISBN | : 9780821396315 |
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The effects of fiscal policy measures, both taxes and public spending, adopted by developing countries in response to the 2009 global crisis are still uncertain. This book discusses them using an analytical framework that allows for distilling possible implications on growth and social welfare.
Open economy Macroeconomics for Developing Countries
Author | : Akhand Akhtar Hossain,Anis Chowdhury |
Publsiher | : Edward Elgar Publishing |
Total Pages | : 270 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105023487221 |
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The authors (economics, U. of Newcastle, Australia and U. of Western Sydney, Australia, respectively) argue that there is no dichotomy between short-term macroeconomic stabilization and long-term economic growth. They attempt to show that macroeconomic stability is a prerequisite for sustained growth and the root of macroeconomic instability in developing countries lies in the government budget deficits. Annotation copyrighted by Book News, Inc., Portland, OR
Open Economy Macroeconomics in Developing Countries
Author | : Carlos A. Vegh |
Publsiher | : MIT Press |
Total Pages | : 911 |
Release | : 2013-08-30 |
Genre | : Business & Economics |
ISBN | : 9780262018906 |
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A comprehensive and rigorous text that shows how a basic open economy model can be extended to answer important macroeconomic questions that arise in emerging markets. This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues. Eschewing the complex calibrated models on which the field of international finance increasingly relies, the book teaches the reader how to think in terms of simple models and grasp the fundamentals of open economy macroeconomics. After analyzing the standard intertemporal small open economy model, the book introduces frictions such as imperfect capital markets, intertemporal distortions, and nontradable goods, into the basic model in order to shed light on the economy's response to different shocks. The book then introduces money into the model to analyze the real effects of monetary and exchange rate policy. It then applies these theoretical tools to a variety of important macroeconomic issues relevant to developing countries (and, in a world of continuing financial crisis, to industrial countries as well), including the use of a nominal interest rate as a main policy instrument, the relative merits of flexible and predetermined exchange rate regimes, and the targeting of “real anchors.” Finally, the book analyzes in detail specific topics such as inflation stabilization, “dollarization,” balance of payments crises, and, inspired by recent events, financial crises. Each chapter includes boxes with relevant empirical evidence and ends with exercises. The book is suitable for use in graduate courses in development economics, international finance, and macroeconomics.
Public Finance in Developing Countries
Author | : Vito Tanzi |
Publsiher | : Unknown |
Total Pages | : 280 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105034793740 |
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This lively and accessible book discusses the real world fiscal issues in developing countries within a realistic macroeconomic and social framework. It represents the best synthesis currently available of the link between public finance and macroeconomics in developing countries, with emphasis on positive rather than normative aspects. The first part of the book emphasizes the reasons why normatively prescribed policy objectives are often not achieved. The second part includes various chapters that show the close link that exists between developments in the public finances and in the macroeconomic situation of these countries. The impact on inflation and of the real exchange rate on tax revenue is highlighted. The third part discusses various aspects of taxation and the requirements for successful tax reform.