Fiscal Deficits, Monetary Reform and Inflation in Transition Economies
Author: Nina Budina
Publisher:
Published: 1996
Total Pages:
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Nina Budina
Publisher:
Published: 1996
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Nina Budina
Publisher:
Published: 1995
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKAuthor: Nina Budina
Publisher:
Published: 1996
Total Pages: 66
ISBN-13:
DOWNLOAD EBOOKAuthor: Mr.Stanley Fischer
Publisher: International Monetary Fund
Published: 1996-04-01
Total Pages: 32
ISBN-13: 1451980043
DOWNLOAD EBOOKThis 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.
Author: Nina Budina
Publisher: World Bank Publications
Published: 2000
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKFiscal 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: Mr.Vito Tanzi
Publisher: International Monetary Fund
Published: 1993-06-15
Total Pages: 404
ISBN-13: 9781557752758
DOWNLOAD EBOOKThe IMF has been a major participant in the challenge of transforming many African, Asian, and European countries from centrally planned to market economies. The authors of this book, mainly staff members of the IMF, have distilled their firsthand experience with fiscal reform in transition economies into 15 case studies of these countries. In doing so they analyze issues of privatization, fiscal federalism, social safety nets, and the net worth of the Soviet Union. The editor of the volume is Vito Tanzi, Director of the IMF's Fiscal Affairs Department.
Author: Mr.Willem H. Buiter
Publisher: International Monetary Fund
Published: 1997-04-01
Total Pages: 58
ISBN-13: 1451980078
DOWNLOAD EBOOKKey medium– and longer–term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal–financial–monetary program. The paper aims to assist the design and implementation of future Fund programs and to contribute to the debate about fiscal policy in transition economies. After presenting a framework for evaluating the sustainability of the fiscal–financial–monetary program of the state, some numerical material is presented on public debt, (quasi–) fiscal deficits and monetary financing. Eight budgetary issues of special relevance to transition economies are considered next. The lessons from this study are summarized in a number of propositions.
Author: Stanley Fischer
Publisher:
Published: 2000
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKWhile output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many questions about the relative roles played by adverse initial conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth.
Author: Mr.Abdessatar Ouanes
Publisher: International Monetary Fund
Published: 1997-06-18
Total Pages: 200
ISBN-13: 1557756287
DOWNLOAD EBOOKThis book, by Abdessatar Ouanes and Subhash Thakur presents the principal elements of macroeconomic accounting and analysis for the real, fiscal, monetary, and external sectors of a transition economy, using Poland as a case study. Background information, exercises, and issues for discussion are also provided.
Author: Patrick J. Conway
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 366
ISBN-13: 1461515734
DOWNLOAD EBOOKList of Figures. List of Tables. List of Symbols. List of Country Acronyms. Foreword and Acknowledgements. I. The Transition Economies. II. Saving, by Plan and in the Market. III. Considering the Competing Explanations of Transition in Inflation and Economic Growth. IV. The Inflationary Explosion Following Price Liberalization. V. The Crisis Years. VI. Directed Credits and Financial Repression in Belarus. VII. Stabilization in Transition Economies. VIII. Ukraine in the Stabilization Phase. IX. Georgia: from Crisis to Stabilization .. and Then? X. The Fallout of the Russian Financial C.