Fiscal issues in macroeconomic stabilization

Lance Taylor

No 34, Policy Research Working Paper Series from The World Bank

Abstract: A key question for stabilization programs concerns how governments get into fiscal difficulty in the first place. Accordingly, this paper is about fiscal policy issues that arise during such macroeconomic stabilization in developing economies. Specifically, this report sets out the basics, as they apply in the World Institute for Development Economics Research (WIDER) studies and takes up three theories about the fiscal deficit. According to these theories, deficits may arise because of political or structural reasons, or perhaps because the relevant authorities want to maximize revenue from the inflation tax. The report also discusses the effects of deficit reduction, a central component of orthodox stabilization packages and examines other fiscal topics brought up in the WIDER country papers.

Keywords: Economic Stabilization; Banks&Banking Reform; Access to Markets; Economic Theory&Research; Environmental Economics&Policies (search for similar items in EconPapers)
Date: 1988-09-30
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... d/PDF/multi_page.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:34

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().