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Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1996

This paper contains a selective review of some of the key fiscal issues faced by transition economies. The twelve … quality of the debate about the design and conduct of fiscal policy in transition economies generally. The outline of the … seigniorage. Section IV discusses eight specific budgetary issues I consider to be of special relevance to transition economies …

Persistent link: https://www.econbiz.de/10005123808

Beyond The Design Of Monetary Policy Alone: Fiscal Commitment, Macro Coordination, And Structural Adjustment

Begg, David - C.E.P.R. Discussion Papers - 2000

conditionality that might be welfare-improving for transition economies hoping to accede to EMU. The analysis also highlights the …

Persistent link: https://www.econbiz.de/10005791822

Domestic Politics and the International Coordination of Fiscal Policies

Tabellini, Guido - C.E.P.R. Discussion Papers - 1988

This paper investigates the desirability of international fiscal policy coordination in the presence of a domestic political distortion. The domestic distortion results from the inability of the current policy-maker to enter into a binding agreement with future policy-makers about the...

Persistent link: https://www.econbiz.de/10005656162

External Debt, Capital Flight and Political Risk

Alesina, Alberto F; Tabellini, Guido - C.E.P.R. Discussion Papers - 1988

This paper provides an explanation of the simultaneous occurrence in developing countries of a large accumulation of external debt, private capital outflows and relatively low domestic capital formation. We consider a general equilibrium model in which two types of government with conflicting...

Persistent link: https://www.econbiz.de/10005281409

Voting for Jobs: Policy Persistence and Unemployment

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996

This paper studies, in a model with unemployment, how labour market status affects the preferences for public spending, in the form of a public good or subsidies. It then derives the implications for the dynamics of government expenditures under the hypothesis of majority voting. These will...

Persistent link: https://www.econbiz.de/10005114483