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Fiscal Reforms That Work

Fiscal Reforms That Work »

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

DOI: http://dx.doi.org/10.5089/9781557756244.051

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...

Fiscal Reforms That Work

Fiscal Reforms That Work »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and...

Back Matter

Back Matter »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...

Front Matter

Front Matter »

Source: Fiscal Reforms That Work

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 1997

ISBN: 9781557756244

Keywords: fiscal consolidation, economic growth, public debt, budget deficit, business cycle

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach -...