Is Fiscal Policy the Answer?
Title | Is Fiscal Policy the Answer? PDF eBook |
Author | Blanca Moreno-Dodson |
Publisher | World Bank Publications |
Pages | 285 |
Release | 2012-11-15 |
Genre | Business & Economics |
ISBN | 0821396315 |
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.
Fiscal Policy, Stabilization, and Growth
Title | Fiscal Policy, Stabilization, and Growth PDF eBook |
Author | Guillermo E. Perry |
Publisher | World Bank Publications |
Pages | 354 |
Release | 2007-10-19 |
Genre | Business & Economics |
ISBN | 0821370855 |
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
Fiscal Politics
Title | Fiscal Politics PDF eBook |
Author | Vitor Gaspar |
Publisher | International Monetary Fund |
Pages | 548 |
Release | 2017-04-07 |
Genre | Business & Economics |
ISBN | 1475547900 |
Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules can offer solutions; and part 3 (4 chapters) discusses how multilevel governance frameworks can help.
Fiscal Policy and Long-Term Growth
Title | Fiscal Policy and Long-Term Growth PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 257 |
Release | 2015-04-20 |
Genre | Business & Economics |
ISBN | 1498344658 |
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.
Disease Control Priorities in Developing Countries
Title | Disease Control Priorities in Developing Countries PDF eBook |
Author | Dean T. Jamison |
Publisher | World Bank Publications |
Pages | 1449 |
Release | 2006-04-02 |
Genre | Medical |
ISBN | 0821361805 |
Based on careful analysis of burden of disease and the costs ofinterventions, this second edition of 'Disease Control Priorities in Developing Countries, 2nd edition' highlights achievable priorities; measures progresstoward providing efficient, equitable care; promotes cost-effectiveinterventions to targeted populations; and encourages integrated effortsto optimize health. Nearly 500 experts - scientists, epidemiologists, health economists,academicians, and public health practitioners - from around the worldcontributed to the data sources and methodologies, and identifiedchallenges and priorities, resulting in this integrated, comprehensivereference volume on the state of health in developing countries.
The Means to Prosperity
Title | The Means to Prosperity PDF eBook |
Author | Per Gunnar Berglund |
Publisher | Routledge |
Pages | 465 |
Release | 2007-05-07 |
Genre | Business & Economics |
ISBN | 1135991634 |
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.
Coordination of Monetary and Fiscal Policies
Title | Coordination of Monetary and Fiscal Policies PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 33 |
Release | 1998-03-01 |
Genre | Business & Economics |
ISBN | 1451844239 |
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.