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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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  1. Fozzard, Adrian & Foster, Mick, 2001. "Changing Approaches to Public Expenditure Management in Low-income Aid Dependent Countries," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. 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.
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Cited by:
  1. Buffie, Edward & Adam, Christopher & O'Connell, Stephen & Pattillo, Catherine, 2008. "Riding the wave: Monetary responses to aid surges in low-income countries," European Economic Review, Elsevier, Elsevier, vol. 52(8), pages 1378-1395, November.
  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, World Institute for Development Economic Research (UNU-WIDER) RP2006/125, World Institute for Development Economic Research (UNU-WIDER).
  3. 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.
  4. Baldacci, Emanuele & Hillman, Arye L. & Kojo, Naoko C., 2004. "Growth, governance, and fiscal policy transmission channels in low-income countries," European Journal of Political Economy, Elsevier, vol. 20(3), pages 517-549, September.
  5. 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, Elsevier, vol. 24(3), pages 441-463, April.
  6. Oliver Morrissey & Mark McGillivray, 2010. "Fiscal Effects of Aid," Working Papers id:3194, eSocialSciences.
  7. Annalisa Fedelino & Alina Kudina, 2003. "Fiscal Sustainability in African HIPC Countries," IMF Working Papers 03/187, International Monetary Fund.
  8. Goran Hyden, 2005. "Working Paper 80 - Making Public Sector Management Work for Africa: Back to the Drawing - Board," Working Paper Series, African Development Bank 215, African Development Bank.

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