Is Fiscal Policy the Answer? A Developing Country Perspective

Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction between the opportunities offered by society and the readiness and ability of each person to exploit them. Under certain circumstances, public...

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Bibliographic Details
Main Author:	Moreno-Dodson, Blanca
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank 2013
Subjects:	accounting Accounting Standards accrual accounting aggregate demand asset management autoregression balance sheet Benchmarking budget constraint Budgeting burden of taxation capacity constraints capita income capital market capital markets capital stock capital stocks cash transfers central bank central government debt Checks collective action commodity prices comparative advantage consumption expenditure Credibility credit market current account deficits debt burdens debt ratios debt relief debts Developing countries Developing Country development assistance Development Bank Development Economics development policy development projects development strategies Development Strategy Discretionary Policy domestic credit domestic credit expansion domestic financial markets Economic development economic growth Economic Outlook economic performance economic policies Economic Research Economics Research Emerging Markets equity issues exchange rate Expenditure Expenditures external debt externalities finances Financial crises Financial Crisis financial management financial sector fiscal adjustment fiscal changes fiscal decentralization fiscal deficit fiscal deficits Fiscal Measures Fiscal Policies Fiscal Policy fiscal reform fiscal rules Fiscal Stance fiscal stimulus Fiscal Sustainability flexible exchange rate flexible exchange rates forecasts foreign borrowing foreign exchange foreign exchange reserve full employment Future Research GDP Global Economy government budget government budgets Government Debt government expenditure government finance government finance statistics Government Investment government policies government revenue government revenues government spending gross domestic product growth models growth rate growth rates growth theory holding human capital human development human resource income inequality inflation inflationary pressure information system information systems Infrastructure Investments institutional capacity instrument insurance insurance markets insurance policies interest rate interest rates International Bank International Development international economics international interest International Monetary Fund international reserves international trade intrinsic value Investing Investment Climate investment projects liquidity living standard living standards local governments macroeconomic context macroeconomic environment macroeconomic instability macroeconomic policy macroeconomic shocks macroeconomic stability macroeconomic stabilization macroeconomics market economy market environment market failures microdata missing markets monetary policy Multipliers National Income National Investment National Treasury natural capital natural resources negative shock open economies open economy per capita income policy credibility policy response Policy Responses Political Economy potential output private capital private investment private sector credit productivity productivity growth public asset public assets Public borrowing public capital public capital spending public debt Public Economics Public Expenditure public finance public finances public goods Public Investment public investment spending Public Investments Public Sector Public Spending real GDP Redistributive Effects Reinvestment rent seeking return returns risk averse risk management Safety Nets savings rates social relations Social Welfare solvency sovereign debt Stabilization Policy Tax tax policies Tax Policy total factor productivity Transparency treasuries Treasury trough unemployment value judgments wage differentials Wealth
Online Access:	http://hdl.handle.net/10986/13086

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http://hdl.handle.net/10986/13086

Is Fiscal Policy the Answer? A Developing Country Perspective

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