Fiscal Policy and Long-Term Growth

Fiscal Policy and Long-Term Growth
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 257
Release: 2015-04-20
Genre: Business & Economics
ISBN: 1498344658
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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.

The Washington Consensus Reconsidered

The Washington Consensus Reconsidered
Author: Narcís Serra
Publisher: OUP Oxford
Total Pages: 399
Release: 2008-04-24
Genre: Political Science
ISBN: 0191538604
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This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance.

Inflation and Growth in the Transition from Socialism

Inflation and Growth in the Transition from Socialism
Author: Andrés Solimano
Publisher: World Bank Publications
Total Pages: 56
Release: 1991
Genre: Bulgaria
ISBN:
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A fragile political-macroeconomic equilibrium is bound to result in high inflation in the transition from socialism. The collapse of growth in Bulgaria is the result of cuts in oil deliveries from the Soviet Unions and Iraq, domestic dislocation in the supply of inputs following the dismantling of central planning, and the contraction of the Soviet market.

Stabilization and Growth in Transition Economies

Stabilization and Growth in Transition Economies
Author: Mr.Stanley Fischer
Publisher: International Monetary Fund
Total Pages: 36
Release: 1996-04
Genre: Business & Economics
ISBN:
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This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of inflation and growth illustrates the key roles of fixed exchange rates, improved fiscal balances, and structural reforms in spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even after controlling for structural reforms.

Import Competition and Response

Import Competition and Response
Author: Jagdish Bhagwati
Publisher: University of Chicago Press
Total Pages: 90
Release: 1982-05
Genre: Business & Economics
ISBN: 9780226045382
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Conference report on economic theories and trade policy responses related to import competition and economic structure adjustments in developed countries - discusses the economic policy of trade liberalization, import restrictions and protectionism, welfare and income distribution impact of quota systems, tariffs, consumption taxes, production subsidies and adjustment assistance, etc., includes case studies. Graphs and references. Conference held in Cambridge (Mass.) 1980 May 8 to 11.

Beyond Reforms

Beyond Reforms
Author: José Antonio Ocampo
Publisher: Stanford University Press
Total Pages: 260
Release: 2005
Genre: Business & Economics
ISBN: 9780804752732
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This collection presents the difficult challenges of the new economic era as well as a set of alternative economic policies for managing the open Latin American economies of the early twenty-first century. Ideas that were removed from the reform agenda over the past two decades are seen as critical to the improved economic and social performance that liberalization has so far failed to produce. These ideas include a role for counter-cyclical macroeconomic policies, including restrictions on capital mobility; active productive sector and technological development policies; and the need to pay greater attention not only to social policies, but also to the links between economic policies and social outcomes, in order to guarantee a desirable social performance. This collection sheds new light on issues that were largely overlooked during the reform period, and that must be faced squarely to overcome the deficiencies that Latin America has faced during its phase of liberalization and its dismal economic performance since the Asian crisis.