Public Sector Deficits and Macroeconomic Performance

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Overview


This volume presents the output of World Bank research devoted to answering the questions concerning deficits. Its focus ranges from issues of public deficit measurement to trade surplus. The book presents massive empirical evidence through a careful examination of eight country case studies: Argentina, Chile, Columbia, Ghana, Cote d'Ivoire, Morocco, Pakistan, and Zimbabwe. The book's findings will be valuable to both applied researchers and policymakers specializing on matters of public finance and macroeconomic management. It will appeal to students and scholars of macroeconomics and development economics.
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Overview


This volume presents the output of World Bank research devoted to answering the questions concerning deficits. Its focus ranges from issues of public deficit measurement to trade surplus. The book presents massive empirical evidence through a careful examination of eight country case studies: Argentina, Chile, Columbia, Ghana, Cote d'Ivoire, Morocco, Pakistan, and Zimbabwe. The book's findings will be valuable to both applied researchers and policymakers specializing on matters of public finance and macroeconomic management. It will appeal to students and scholars of macroeconomics and development economics.

Product Details

  • ISBN-13: 9780195209884
  • Publisher: Oxford University Press, USA
  • Publication date: 3/1/1995
  • Edition description: New Edition
  • Pages: 576
  • Series: A World Bank Publication Series
  • Product dimensions: 6.50 (w) x 9.56 (h) x 1.65 (d)

Meet the Author

Policy Research Department at the World Bank

Center of Macroeconomic Studies of Argentina

Policy Research Department at the World Bank

Table of Contents

Foreword
Acknowledgments
Definitions and Data Notes
Contributors
Overview 1
1 Fiscal Adjustment and Macroeconomic Performance: A Synthesis 15
2 The External Effects of Public Sector Deficits 79
3 Argentina: Fiscal Disequilibria Leading to Hyperinflation 101
4 Chile: Fiscal Adjustment and Successful Performance 167
5 Colombia: Avoiding Crises through Fiscal Policy 225
6 Cote d'Ivoire: Fiscal Policy with Fixed Nominal Exchange Rates 273
7 Ghana: Adjustment, Reform, and Growth 310
8 Morocco: Reconciling Stabilization and Growth 374
9 Pakistan: Fiscal Sustainability and Macroeconomic Policy 413
10 Zimbabwe: Fiscal Disequilibria and Low Growth 458
Afterword 511
The Political Economy of Fiscal Deficit Reduction 513
Statistical Appendix 527
Author Index 551
Subject Index 553

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