WHY IS THE FISCAL POLICY IMPOSED BY IMF PRO-CYCLIC?

Marius Marinas

Annals of Faculty of Economics, 2009, vol. 2, issue 1, 412-416

Abstract: The economies which appealed to the IMF loan faced difficulties related to financing the public and the private foreign debt. IMF imposed the promoting of a restrictive fiscal policy to the beneficiary countries, in order to decrease the budget deficit, e

Keywords: : fiscal policy stance; structural budget balance; IMF agreement; economic recession (search for similar items in EconPapers)
JEL-codes: E32 H30 H50 (search for similar items in EconPapers)
Date: 2009
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