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The Budget Deficit in Transition: A Cautionary Note

Author

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  • Vito Tanzi

    (International Monetary Fund)

Abstract

This 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.

Suggested Citation

  • Vito Tanzi, 1993. "The Budget Deficit in Transition: A Cautionary Note," IMF Staff Papers, Palgrave Macmillan, vol. 40(3), pages 697-707, September.
    • Handle: RePEc:pal:imfstp:v:40:y:1993:i:3:p:697-707
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    Citations

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    Cited by:

    1. repec:zbw:bofitp:2000_005 is not listed on IDEAS
    2. Denizer, Cevdet, 1997. "Stabilization, adjustment, and growth prospects in transition economies," Policy Research Working Paper Series 1855, The World Bank.
    3. Mr. Aleh Tsyvinski & Mr. Martin Petri & Mr. Günther Taube, 2002. "Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union," IMF Working Papers 2002/060, International Monetary Fund.
    4. Schroder, Philipp J. H., 2001. "On the speed and boundaries of structural adjustment when fiscal policy is tight," Economic Systems, Elsevier, vol. 25(4), pages 345-364, December.
    5. Rexhep Dokja, 2013. "Do Budget Deficits Cause Inflation? Evidence from Albania," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 2, October.
    6. M. Caruso, 1995. "The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 48(192), pages 85-108.
    7. Pirttilä, Jukka, 2000. "Fiscal policy and structural reforms in transition economies: An empirical analysis," BOFIT Discussion Papers 5/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    8. Pirttilä, Jukka, 2000. "Fiscal policy and structural reforms in transition economies : An empirical analysis," BOFIT Discussion Papers 5/2000, Bank of Finland, Institute for Economies in Transition.
    9. 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, vol. 48(192), pages 85-108.
    10. Schröder, Philipp J.H., 2000. "On Privatisation and Restructuring," MPRA Paper 89, University Library of Munich, Germany, revised 2006.
    11. Csaba, László, 1995. "A nemzetközi pénzügyi szervezetek és a keleteurópai rendszerátalakító politika [International financial organizations and the East European policies aimed at systemic transformation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 117-138.
    12. Raj Yadav, 2016. "Economic Transformation in Central Asia: A Journey of Twenty-five Years," International Studies, , vol. 53(3-4), pages 286-304, July.
    13. 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, vol. 1(1), pages 25-57.

    More about this item

    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 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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