Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries:
The paper shows that an increase in the aggregate fiscal deficit of the industrial countries may worsen the economic growth and fiscal balance of the developing countries that are burdened with external debt and facing current account constraints. The discussion is based on theoretical analysis and...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1988
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Schriftenreihe: | IMF Working Papers
Working Paper No. 88/46 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The paper shows that an increase in the aggregate fiscal deficit of the industrial countries may worsen the economic growth and fiscal balance of the developing countries that are burdened with external debt and facing current account constraints. The discussion is based on theoretical analysis and simulation exercises highlighting the relevant transmission mechanisms involved. Simulations show that higher fiscal deficits and interest rates in the industrial countries can explain some of the fiscal deterioration in the developing countries during the early 1980s, and the medium-term costs to the developing countries may be partly mitigated through flexible domestic economic policies |
Beschreibung: | 1 Online-Ressource (48 p) |
ISBN: | 1451973500 9781451973501 |
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spelling | International Monetary Fund Verfasser aut Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries Washington, D.C International Monetary Fund 1988 1 Online-Ressource (48 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 88/46 The paper shows that an increase in the aggregate fiscal deficit of the industrial countries may worsen the economic growth and fiscal balance of the developing countries that are burdened with external debt and facing current account constraints. The discussion is based on theoretical analysis and simulation exercises highlighting the relevant transmission mechanisms involved. Simulations show that higher fiscal deficits and interest rates in the industrial countries can explain some of the fiscal deterioration in the developing countries during the early 1980s, and the medium-term costs to the developing countries may be partly mitigated through flexible domestic economic policies Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15824-9781451973501/15824-9781451973501/15824-9781451973501.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_auth | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_exact_search | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_exact_search_txtP | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_full | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_fullStr | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_full_unstemmed | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_short | Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries |
title_sort | transmission of the effects of the fiscal deficit in industrial countries to the fiscal deficit of the developing countries |
url | http://elibrary.imf.org/view/IMF001/15824-9781451973501/15824-9781451973501/15824-9781451973501.xml |
work_keys_str_mv | AT internationalmonetaryfund transmissionoftheeffectsofthefiscaldeficitinindustrialcountriestothefiscaldeficitofthedevelopingcountries |