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Author : Nina Budina
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.F/5 ( download)
Download or read book Fiscal Deficits, Monetary Reform and Inflation written by Nina Budina and published by . This book was released on 1996 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nina Budina
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)
Download or read book Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania written by Nina Budina and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal problems are a key factor behind the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? A simple framework links debt, the deficit, and inflation to assess the fiscal stance of the Romanian economy.
Author : Nina Budina
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)
Download or read book Fiscal Deficits, Monetary Reform and Inflation in Transition Economies written by Nina Budina and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nina Budina
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (258 download)
Download or read book Fiscal Deficits, Monetary Reform and Inflation in Transition Economies written by Nina Budina and published by . This book was released on 1995 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : E. Murat Ucer
Publisher : International Monetary Fund
ISBN 13 : 1451850069
Total Pages : 56 pages
Book Rating : 4.4/5 (518 download)
Download or read book Exchange Market Reform, Inflation, and Fiscal Deficits written by E. Murat Ucer and published by International Monetary Fund. This book was released on 1995-08-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the short- and long-run effects of exchange market reform in developing countries. The first part reviews the recent experience of Guyana, India, Jamaica, Kenya, Sierra Leone, and Sri Lanka with exchange market reform. The second part studies analytically the short-run dynamics of the parallel market premium and the money supply upon unification, when the post-reform regime consists of either a pure float or a managed float. The third part discusses the impact of unification on inflation and quasi-fiscal deficits, and identifies a variety of implicit taxes and subsidies that must be taken into account in assessing the longer-run effects of exchange market reform.
Author : Shruthi Jayaram
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Fiscal Deficits and Inflation Management written by Shruthi Jayaram and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper begins with a brief overview of the prevailing fiscal scenario in India, emphasizing the path of the fiscal deficit between 1991 and the present fiscal year. It then examines the prevailing monetary policy framework and the key issues involved which lead up to a debate on monetary reform in India. It examines the link between fiscal deficits and price stability/inflation management. This is done in two parts - the first examining the impact of fiscal policy on inflation, and the second examining the impact of monetary policy on government debt and deficit. These impacts are examined by explaining the existing theory of the links between these issues, and then contextualizing each of the links for the Indian case. Having established that complementary fiscal rules are needed before moving towards establishing a monetary policy rule in India, the paper examines the existing fiscal rules and their suitability/efficacy towards supporting possible monetary reform, and concludes by looking at fiscal and political limitations towards monetary reforms in India.
Author : Mr.Vincent Bodart
Publisher : International Monetary Fund
ISBN 13 : 145196837X
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)
Download or read book Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics written by Mr.Vincent Bodart and published by International Monetary Fund. This book was released on 1996-05-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple official exchange markets. In those countries, multiple exchange rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of nominal official rates and under the presence of policy rules aimed at reducing the spread between the official and parallel exchange rates.
Author : Sweder van Wijnbergen
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)
Download or read book Inflation, External Debt, and Financial Sector Reform written by Sweder van Wijnbergen and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new model can be used to derive the financeable fiscal deficit, given inflation targets, or to derive an equilibrium inflation rate for which no fiscal adjustment would be necessary. Here it is used to analyze inflation, external debt, and financial sector reform in Turkey.
Author : Mr.Luis Catão
Publisher : International Monetary Fund
ISBN 13 : 1451848706
Total Pages : 34 pages
Book Rating : 4.4/5 (518 download)
Download or read book Fiscal Deficits and Inflation written by Mr.Luis Catão and published by International Monetary Fund. This book was released on 2003-04-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a new modeling approach that incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly distinguish between short- and long-run effects of fiscal deficits. Results spanning 107 countries over 1960-2001 show a strong positive association between deficits and inflation among high-inflation and developing country groups, but not among low-inflation advanced economies.
Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451965311
Total Pages : 34 pages
Book Rating : 4.4/5 (519 download)
Download or read book Inflation and Monetary Reform written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1992-08-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial “excess” stock of liquidity. The paper examines the anticipatory dynamics associated with such reforms. The analysis suggests that monetary reforms of this type have a deflationary effect upon announcement as well as during the transition period. Under uncertainty about the reform date, the direction of the initial jump in prices upon announcement is a priori ambiguous. Upon implementation, a monetary reform leads to a downward jump in prices.
Author : Mr.Pierre L. Siklos
Publisher : International Monetary Fund
ISBN 13 : 1451967322
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)
Download or read book Varieties of Monetary Reforms written by Mr.Pierre L. Siklos and published by International Monetary Fund. This book was released on 1994-05-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic terms, the choice of monetary regime will depend on the policy that is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will ultimately depend on how independent a country wishes to be from shocks emanating from the rest of the world and the weight politicians attach to influencing economic conditions in their own country.
Author : Thomas D. Willett
Publisher : Durham [N.C.] : Duke University Press
ISBN 13 :
Total Pages : 552 pages
Book Rating : 4.F/5 ( download)
Download or read book Political Business Cycles written by Thomas D. Willett and published by Durham [N.C.] : Duke University Press. This book was released on 1988 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political business cycles create artificial economic booms just prior to elections; these papers examine the issue of whether federal governmental structure inevitably leaves the US economy exposed to unhealthy political influences. Literature references in notes, no formal bibliography. Duke reports an (unseen) edition in cloth (0-8223-0824-X) at $62.50. Annotation copyrighted by Book News, Inc., Portland, OR
Author : Chan Sok Gee
Publisher : IIUM PRESS
ISBN 13 : 9674912002
Total Pages : 130 pages
Book Rating : 4.6/5 (749 download)
Download or read book TAX REFORM AND INFLATIONARY EPISODE written by Chan Sok Gee and published by IIUM PRESS. This book was released on 2022-05-04 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic crisis lead to higher borrowings and fiscal deficits. To overcome the situation, new tax policies or tax reform are vital as one of the fiscal policy objectives is to reduce the budget deficits. Nevertheless, tax reforms are likely to affect the cost of production, which results in inflation, leading to the change in consumption pattern in the economy. This situation will therefore, worsen the current economic situation. Thus, this book in a nutshell, looks into the role of tax reform in influencing the societal well-being from the perspective of inflationary episode. This book used Malaysia as a case study in investigating the tax reform and inflationary episode given the relatively recent tax reform that had taken place in 2015 with the introduction of Goods and Services Tax (GST) and its subsequent abolishment in 2018. when the elected Pakatan Harapan government reverted to the Sales and Services Tax (SST) or known as SST 2.0. Hence, it is vital for the people to understand the role of tax reform in affecting the inflationary episode in Malaysia so that everyone can contribute towards minimizing its adverse impacts.
Author : Achim Biesenbach
Publisher : GRIN Verlag
ISBN 13 : 3640148568
Total Pages : 32 pages
Book Rating : 4.6/5 (41 download)
Download or read book Monetary reforms in comparison - Denmark (1813) and Germany (1948) written by Achim Biesenbach and published by GRIN Verlag. This book was released on 2008-08-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2008 in the subject Business economics - Economic and Social History, grade: 1,0, University of Aarhus, Denmark (University of Aarhus - Denmark, School of Economics and Management), language: English, abstract: In times of open or suppressed inflation when a monetary reform becomes inevitable, economic theory can help to make the right decisions. Monetary concepts like the quantity equation and the theory of monetary reforms would have helped to avoid the mistakes of the Danish reform in 1813. Additionally, they would have confirmed the decision makers of the German reform in 1948 in their actions. Fortgeschrittene offene oder große zurückgestaute Inflation zieht meist zwangsläufig eine sanierende Währungsreform nach sich. Hierbei kann die Geldtheorie helfen, die richtigen Entscheidungen zu treffen. Konzepte wie die Quantitätsgleichung hätten geholfen, die Fehler der dänischen Währungsreform von 1813 zu vermeiden. Die Theorie hätte die Entscheidungsträger der deutschen Währungsreform von 1948 in ihrem Vorhaben bestärkt.
Author : P. Arestis
Publisher : Springer
ISBN 13 : 1137269537
Total Pages : 270 pages
Book Rating : 4.1/5 (372 download)
Download or read book Fiscal and Debt Policies for the Future written by P. Arestis and published by Springer. This book was released on 2014-04-30 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers detailed analysis and informed comment on the future of emerging economic policies. It is essential reading for all postgraduates and scholars looking for expert discussion and debate on the issues surrounding economic policy.
Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451972555
Total Pages : 247 pages
Book Rating : 4.4/5 (519 download)
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1978-01-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relationship between increases in the money supply and inflation in four developing countries. It is first shown that the growth in the money supply and inflation are linked in a two-way relationship in these countries, and then a dynamic model is designed that explicitly introduces the link in the form of reactions of the government fiscal deficit to inflation. The basic hypothesis is that an increase in the rate of inflation, whatever its cause, increases the real value of the fiscal deficit, because money expenditures keep pace with inflation while nominal revenues tend to lag. The model is estimated for the four countries, and the empirical results tend to validate the hypothesis. It is found that fiscal deficits play an important role in the inflation process, and that increases in these deficits are largely owing to the differences in the lags of government expenditures and revenues. Two basic policy conclusions emerge from this study: first, the tendency of government budgetary positions to be automatically destabilizing in developing economies underscores the need for an actively anti-inflation fiscal policy in these economies. Second, developing countries should attach priority to tax reforms designed to eliminate revenue lags.
Author : Ashoka Mody
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)
Download or read book Breaking the Impediments to Budgetary Reforms written by Ashoka Mody and published by International Monetary Fund. This book was released on 2008 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower is the likelihood of reforms. Large deficits apparently imply strong claims on the budget and, hence, generate unwillingness to impose self-discipline. As such, countries will tend to move either to small fiscal deficits and good institutions or large deficits and weak institutions. Economic shocks (if they are large enough) can help build a constituency for improving budget institutions. However, if forgiving markets accommodate economic shocks, even such pressure may be insufficient. Forwardlooking and credible leadership appears to be an important ingredient of the solution.
