Fiscal Adjustment for Stability and Growth

James A. Daniel

51 citations0/0 files storedInternational Monetary Fund eBooks

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Fiscal Policies and Political Economy Economic and Fiscal Studies Global Financial Crisis and Policies

Abstract

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.

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1980Irreversibility, Uncertainty, and Cyclical Investment 1993The role of macroeconomic factors in growth 1998Corruption Around the World 1993Fiscal policy and economic growth 1984Some Unpleasant Monetarist Arithmetic 1995Inflation Crises and Long-Run Growth 2001Threshold Effects in the Relationship between Inflation and Growth 1997Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects

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