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Fiscal Policy Design in Low-Income Countries

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  • Christopher S. Adam
  • David L. Bevan

Abstract

For many low-income countries, there has been an extended period in which fiscal policy was not a choice, or was a choice made by authorities external to the country. For a number of them, this situation is now changing. Their own success in stabilising the economy, coupled with a shift in the stance of the international community (most notably the IMF), has placed fiscal choices back on the domestic agenda. However, the scope for choice maybe heavily circumscribed by the legacy of past fiscal laxity. [Discussion Paper No. 2001/67]

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Bibliographic Info

Paper provided by eSocialSciences in its series Working Papers with number id:3162.

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Date of creation: Nov 2010
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Handle: RePEc:ess:wpaper:id:3162

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Keywords: fiscal policy; macro-economic stabilization; sub-Saharan Africa;

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References

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  1. Dambisa Moyo & David Stasavage, 1999. "Are cash budgets a cure for excess fiscal deficits (and at what cost)?," CSAE Working Paper Series 1999-11, Centre for the Study of African Economies, University of Oxford.
  2. Fozzard, Adrian & Foster, Mick, 2001. "Changing Approaches to Public Expenditure Management in Low-income Aid Dependent Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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Cited by:
  1. Christopher Adam, 2006. "Riding the Wave: Monetary Responses to Aid Surges in Low-Income Countries," Economics Series Working Papers WPS/2006-04, University of Oxford, Department of Economics.
  2. Heller, Peter S. & Katz, Menachem & Debrun, Xavier & Thomas, Theo & Koranchelian, Taline & Adenauer, Isabell, 2006. "Making Fiscal Space Happen! Managing Fiscal Policy in a World of Scaled-Up Aid," Working Paper Series RP2006/125, World Institute for Development Economic Research (UNU-WIDER).
  3. Oliver Morrissey & Mark McGillivray, 2010. "Fiscal Effects of Aid," Working Papers id:3194, eSocialSciences.
  4. Naoko C. Kojo & Arye L. Hillman & Emanuele Baldacci, 2003. "Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries," IMF Working Papers 03/237, International Monetary Fund.
  5. Goran Hyden, 2005. "Working Paper 80 - Making Public Sector Management Work for Africa: Back to the Drawing - Board," Working Paper Series 215, African Development Bank.
  6. Gupta, Sanjeev & Clements, Benedict & Baldacci, Emanuele & Mulas-Granados, Carlos, 2005. "Fiscal policy, expenditure composition, and growth in low-income countries," Journal of International Money and Finance, Elsevier, vol. 24(3), pages 441-463, April.
  7. Benedict J. Clements & Sanjeev Gupta & Emanuele Baldacci & Carlos Mulas-Granados, 2002. "Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries," IMF Working Papers 02/77, International Monetary Fund.
  8. Annalisa Fedelino & Alina Kudina, 2003. "Fiscal Sustainability in African HIPC Countries," IMF Working Papers 03/187, International Monetary Fund.

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