How Small Should an Economy's Fiscal Deficit Be?: A Monetary Programming Approach
March 2000 - A spreadsheet planning model to help determine the government deficit consistent with a specified vector of country macroeconomic objectives. Beckerman describes a spreadsheet planning model to help determine the government deficit consistent with a policymaker's vector of principa...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
1999
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | March 2000 - A spreadsheet planning model to help determine the government deficit consistent with a specified vector of country macroeconomic objectives. Beckerman describes a spreadsheet planning model to help determine the government deficit consistent with a policymaker's vector of principal macroeconomic objectives (including real GDP growth, inflation, exchange rate, and international reserve accumulation). The model focuses on the monetary accounts, applying balance-of-payments forecasts formulated separately but based on the same macroeconomic objectives. The model is a consistency exercise, intended as part of a broader consistency exercise for a given macroeconomy. It offers one more perspective on the question of how large a government deficit should be - a perspective that can be used in conjunction with others. For each forecast period, the model determines consistent period-end and period-average stocks for the economy's outstanding central bank assets and liabilities and government obligations. It applies forecasting assumptions about interest rates to forecast central bank profit-and-loss flows, and takes account of these in determining the overall flow of resources that would be available to finance the government deficit. An annex describes a (purely illustrative) simulation carried out during 1999 for Ecuador. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to strengthen the tools for macroeconomic policy analysis and planning in the region's economies. The author may be contacted at pbeckerman@worldbank.org |
| Beschreibung: | 1 Online-Ressource (38 Seiten)) |
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Datensatz im Suchindex
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| spelling | Beckerman, Paul Verfasser aut How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach Beckerman, Paul Washington, D.C The World Bank 1999 1 Online-Ressource (38 Seiten)) txt rdacontent c rdamedia cr rdacarrier March 2000 - A spreadsheet planning model to help determine the government deficit consistent with a specified vector of country macroeconomic objectives. Beckerman describes a spreadsheet planning model to help determine the government deficit consistent with a policymaker's vector of principal macroeconomic objectives (including real GDP growth, inflation, exchange rate, and international reserve accumulation). The model focuses on the monetary accounts, applying balance-of-payments forecasts formulated separately but based on the same macroeconomic objectives. The model is a consistency exercise, intended as part of a broader consistency exercise for a given macroeconomy. It offers one more perspective on the question of how large a government deficit should be - a perspective that can be used in conjunction with others. For each forecast period, the model determines consistent period-end and period-average stocks for the economy's outstanding central bank assets and liabilities and government obligations. It applies forecasting assumptions about interest rates to forecast central bank profit-and-loss flows, and takes account of these in determining the overall flow of resources that would be available to finance the government deficit. An annex describes a (purely illustrative) simulation carried out during 1999 for Ecuador. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to strengthen the tools for macroeconomic policy analysis and planning in the region's economies. The author may be contacted at pbeckerman@worldbank.org Online-Ausg Bank Assets Banks and Banking Reform Central Bank Currencies and Exchange Rates Debt Markets Economic Stabilization Economic Theory and Research Emerging Markets Exchange Exchange Rate External Debt Finance Finance and Financial Sector Development Financial System Fiscal Defic Future Government Borrowing Government Defic Inflation Instruments Interest Interest Rates Levy Liabilities Macroeconomics and Economic Growth Private Sector Development Prof Reserve Public Sector Corruption and Anticorruption Measures Stocks Beckerman, Paul Sonstige oth Beckerman, Paul How Small Should an Economy's Fiscal Deficit Be? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2308 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Beckerman, Paul How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach Bank Assets Banks and Banking Reform Central Bank Currencies and Exchange Rates Debt Markets Economic Stabilization Economic Theory and Research Emerging Markets Exchange Exchange Rate External Debt Finance Finance and Financial Sector Development Financial System Fiscal Defic Future Government Borrowing Government Defic Inflation Instruments Interest Interest Rates Levy Liabilities Macroeconomics and Economic Growth Private Sector Development Prof Reserve Public Sector Corruption and Anticorruption Measures Stocks |
| title | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach |
| title_auth | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach |
| title_exact_search | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach |
| title_exact_search_txtP | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach |
| title_full | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach Beckerman, Paul |
| title_fullStr | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach Beckerman, Paul |
| title_full_unstemmed | How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach Beckerman, Paul |
| title_short | How Small Should an Economy's Fiscal Deficit Be? |
| title_sort | how small should an economy s fiscal deficit be a monetary programming approach |
| title_sub | A Monetary Programming Approach |
| topic | Bank Assets Banks and Banking Reform Central Bank Currencies and Exchange Rates Debt Markets Economic Stabilization Economic Theory and Research Emerging Markets Exchange Exchange Rate External Debt Finance Finance and Financial Sector Development Financial System Fiscal Defic Future Government Borrowing Government Defic Inflation Instruments Interest Interest Rates Levy Liabilities Macroeconomics and Economic Growth Private Sector Development Prof Reserve Public Sector Corruption and Anticorruption Measures Stocks |
| topic_facet | Bank Assets Banks and Banking Reform Central Bank Currencies and Exchange Rates Debt Markets Economic Stabilization Economic Theory and Research Emerging Markets Exchange Exchange Rate External Debt Finance Finance and Financial Sector Development Financial System Fiscal Defic Future Government Borrowing Government Defic Inflation Instruments Interest Interest Rates Levy Liabilities Macroeconomics and Economic Growth Private Sector Development Prof Reserve Public Sector Corruption and Anticorruption Measures Stocks |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2308 |
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