Quicksearch
Table of contents alert
Do you want to receive an email alert about new issue?



   

Volume 52, Issue 11

top

Struktura fiskální stabilizace v tranzitivních ekonomikách v podmínkách programů MMF

Bulíř, Aleš

Year: 2002   Volume: 52   Issue: 11   Pages: 593-594

Abstract: The paper investigates fiscal developments during the 1990s in 112 countries and tests whether the speed and composition of fiscal adjustment in transition economies differed from those in select countries with and without IMF-supported programs. While the overall fiscal balance improved in most of the examined countries, including the transition ones, the degree of the improvements differed. In non-program countries, revenue increased modestly and expenditure declined sharply, while in program countries both revenue and expenditure declined. However, in countries with programs that included structural conditions, the adjustment was effected primarily through sharp expenditure compression. In the end, fiscal developments in transition countries were not statistically different from those in other countries with IMF-supported programs.

JEL classification: F33, H3

Keywords: IMF-supported programs; conditionality; fiscal policy, general evaluation estimator

RePEc: n/a

pdf Attachment [PDF] print Print   Recommend to others Recommend to others
bottom