| Titre : | Public sector deficits and macroeconomic performance |
| Auteurs : | William Easterly, Éditeur scientifique ; Klaus Schmidt-Hebbel, Éditeur scientifique ; Carlos Alfredo Rodriguez, Éditeur scientifique |
| Type de document : | Ouvrages |
| Editeur : | Oxford : Oxford University Press, 1994 |
| Autre Editeur : | Oxford : World Bank |
| ISBN/ISSN/EAN : | 978-0-19-520988-4 |
| Format : | 1 vol. (XIII-562 p.) / ill. / 24 cm |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX > politique commerciale [Eurovoc] ÉCONOMIE > analyse économique > analyse économique > macroéconomie [Eurovoc] ENTREPRISE ET CONCURRENCE > type d'entreprise > entreprise > entreprise publique [Eurovoc] FINANCES > finances publiques et politique budgétaire > dette publique [Eurovoc] FINANCES > finances publiques et politique budgétaire > finances publiques [Eurovoc] FINANCES > fiscalité > politique fiscale [Eurovoc] GÉOGRAPHIE > Afrique > Afrique du Nord > Grand Maghreb > Maghreb > Maroc [Eurovoc] GÉOGRAPHIE > Afrique > Afrique subsaharienne > Afrique occidentale > Côte d'Ivoire [Eurovoc] GÉOGRAPHIE > Afrique > Afrique subsaharienne > Afrique occidentale > Ghana [Eurovoc] GÉOGRAPHIE > Afrique > Afrique subsaharienne > Afrique orientale > Zimbabwe [Eurovoc] GÉOGRAPHIE > Amérique > Amérique latine > Amérique du Sud > Argentine [Eurovoc] GÉOGRAPHIE > Amérique > Amérique latine > Amérique du Sud > Chili [Eurovoc] GÉOGRAPHIE > Amérique > Amérique latine > Amérique du Sud > Colombie [Eurovoc] GÉOGRAPHIE > Asie - Océanie > Asie du Sud > Pakistan |
| Résumé : |
4e de couv : "In the 1980z chronic public sector deficits forced countries to undertake fiscal adjustment. The need to face hard choices continues in the 1990s. But the problem is not a simple and easily diagnosed one with an obvious solution. Rather, public sector deficits have had widely differing consequences; high inflation in some countries, low inflation but also low investment and growth in others, and in still others no evident short-term macroeconomic spillovers.
This book presents the findings of a World Bank research project designed to shed light on the complex dynamics of public sector deficits. It includes an in-depth examination of eight countries – Argentina, Chile, Colombia, Côte d’Ivoire, Ghana, Morocco, Pakistan and Zimbabwe. These cases are analysed within a comprehensive theoretical framework elaborated for the study and in conjunction with cross-country data from a larger set. The book draws the following conclusions. The ways chosen to finance deficits – money creation, debt, or arrears – go far to explain medium-term financial and macroeconomic, imbalances, but in the short term these relations are blurred. Deficits tend to be bad for growth; they increase financial and price instability and crowd out private investment. Public saving is a very effective policy instrument for raising national saving. Fiscal adjustment typically leads to a lower trade deficit and a more depreciated real exchange rate. Finally, the blame for large, systemic public deficits must be placed not on bad luck but on unwise policy choices – and, conversely, sound fiscal policies can set a country on a path leading to stability and growth." |
| Note de contenu : |
Overview / William Easterly, Carlos Alfredo Rodriguez and Klaus Schmidt-Hebbel --
1. Fiscal Adjustment and Macroeconomic Performance: A Synthesis / William Easterly and Klaus Schmidt-Hebbel -- 2. The External Effects of Public Sector Deficits / Carlos Alfredo Rodriguez -- 3. Argentina: Fiscal Disequilibria Leading to Hyperinflation / Carlos Alfredo Rodriguez -- 4. Chile: Fiscal Adjustment and Successful Performance / Jorge Marshall and Klaus Schmidt-Hebbel -- 5. Colombia: Avoiding Crises through Fiscal Policy / William Easterly -- 6. Cote d'Ivoire: Fiscal Policy with Fixed Nominal Exchange Rates / Christophe Chamley and Hafez Ghanem -- 7. Ghana: Adjustment, Reform, and Growth / Roumeen Islam and Deborah Wetzel -- 8. Morocco: Reconciling Stabilization and Growth / Riccardo Faini -- 9. Pakistan: Fiscal Sustainability and Macroeconomic Policy / Nadeem Ul Haque and Peter J. Montiel -- 10. Zimbabwe: Fiscal Disequilibria and Low Growth / Felipe Morande and Klaus Schmidt-Hebbel. |
| En ligne : | http://documents.worldbank.org/curated/en/879631468757811224/pdf/multi-page.pdf |
Exemplaires (1)
| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 004802 | P 309 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Disponible |
