The Budget Deficit in Transition: A Cautionary Note
AbstractThis paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on the extent to which the budget deficit should guide policy and the interactions between fiscal policy and other aspects of the macroeconomy.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 40 (1993)
Issue (Month): 3 (September)
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Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Find related papers by JEL classification:
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
- P2 - Economic Systems - - Socialist Systems and Transition Economies
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
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- Petraq Milo, 2012. "The impact of the budget deficit on the currency and inflation in the transition economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, Central bank of Montenegro, vol. 1(1), pages 25-57.
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- M. Caruso, 1995. "The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 48(192), pages 85-108.
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- Aleh Tsyvinski & Martin Petri & GÃ¼nther Taube, 2002. "Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union," IMF Working Papers, International Monetary Fund 02/60, International Monetary Fund.
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