Fiscal Policy for Growth and Development

The global economic crisis that broke out in 2008 has reawakened interest in fiscal policy. In the early stages of the crisis, there was a widespread turn to countercyclical fiscal stimulus. Furthermore, the recent euro area crisis has underlined t...

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Bibliographic Details
Main Authors:	Brahmbhatt, Milan, Canuto, Otaviano
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE DEMAND BALANCE SHEET BENEFITS OF PUBLIC SPENDING BUDGET CONSTRAINT BUDGET PLANNING CAPACITY CONSTRAINTS CAPITAL STOCKS CASH TRANSFERS CHECKS CIVIL SOCIETY ORGANIZATIONS COLLECTIVE ACTION COMMODITIES COMMUNICATIONS TECHNOLOGY COMPUTABLE GENERAL EQUILIBRIUM CONFIDENCE OF INVESTORS COST-EFFECTIVENESS COSTS OF GOVERNMENT COSTS OF TAXATION CURRENT ACCOUNT DEFICITS CUT SPENDING DEBT RATIOS DEBT RELIEF DEBTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISTRIBUTION OF INCOME DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL EQUITY DISTRIBUTIONAL IMPACTS DISTRIBUTIONAL OUTCOMES DOMESTIC FINANCIAL MARKETS ECONOMIC CRISIS ECONOMIC PERFORMANCE ECONOMIC SHOCKS EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE REGIMES EXPENDITURE EXPENDITURE TRACKING EXPENDITURE TRACKING SURVEYS EXPENDITURES EXTERNAL DEBT EXTERNALITIES FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL SECTOR FISCAL ADJUSTMENT FISCAL DECISIONS FISCAL DEFICITS FISCAL IMPACT FISCAL PERFORMANCE FISCAL PLANS FISCAL POLICIES FISCAL POLICY FISCAL RULES FISCAL STANCE FISCAL STIMULUS FISCAL SUSTAINABILITY FLEXIBLE EXCHANGE RATES FOREIGN ASSETS FOREIGN BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH RATE HOLDING HOUSING IMPROVING RESOURCE ALLOCATION INCOME DISTRIBUTION INFLATION INFLATIONARY PRESSURE INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INSURANCE MARKETS INSURANCE POLICIES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES INVESTING INVESTMENT EXPENDITURE INVESTMENT MANAGEMENT INVESTMENT PROJECTS LIQUIDITY LIVING STANDARDS LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MACROECONOMIC INSTABILITY MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET FAILURES MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MICRODATA MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY MISSING MARKETS MONETARY POLICY NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCE NATURAL RESOURCES NEW MARKETS OPEN ECONOMY OPPORTUNITIES FOR CORRUPTION OUTPUT OUTPUTS POLICY DECISIONS POLICY RESPONSES POLITICAL ECONOMY POVERTY REDUCTION PRIVATE INSURANCE PRIVATE INVESTMENT PRIVATE MARKET PRIVATE MARKETS PRIVATE SECTOR PRIVATE SECTOR CREDIT PROGRAMS PUBLIC PUBLIC ACTION PUBLIC ASSETS PUBLIC BORROWING PUBLIC CAPITAL PUBLIC CAPITAL SPENDING PUBLIC DEBT PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT INSTITUTIONS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT SPENDING PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC SPENDING LEVELS PUBLIC WORKS QUALITY OF PUBLIC SPENDING REMOTE AREA RETURNS RISK MANAGEMENT ROADS SAFETY NETS SAVINGS SOCIAL EXPENDITURES SOCIAL INSURANCE SOCIAL RISK SOCIAL RISK MANAGEMENT SOCIAL WELFARE SOLVENCY SUSTAINABLE DEVELOPMENT TAX TAX CUTS TAX POLICIES TAX STRUCTURE TRANSPARENCY VOLATILITY
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16795676/fiscal-policy-growth-development http://hdl.handle.net/10986/17076