How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach

How Small Should an Economy's Fiscal Deficit Be? A Monetary Programming Approach

The author describes a spread-sheet 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 inte...

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Bibliographic Details
Main Author:	Beckerman, Paul
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCRUED INTEREST ASSETS BANK LENDING BANK LOANS BASE YEAR BONDS CENTRAL BANK COMMERCIAL BANKS DEBT DEMAND FOR MONEY DEVELOPING ECONOMIES DOMESTIC PRICE DOMESTIC PRICE LEVEL ECONOMIC PERFORMANCE ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF DEMAND EXCHANGE RATE EXCHANGE VALUE EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEM FISCAL ADJUSTMENT FISCAL DEFICIT FISCAL POLICY FORECASTS FOREIGN CURRENCY FOREIGN EXCHANGE GOVERNMENT DEBT GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES IMPORTS INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES LIQUIDITY MACROECONOMIC FRAMEWORK MACROECONOMIC OBJECTIVES MACROECONOMIC POLICY MONETARY AUTHORITY MONETARY EXPANSION MONEY DEMAND MONEY MULTIPLIER MONEY SUPPLY NET WORTH NOMINAL INTEREST RATE NOMINAL INTEREST RATES OUTPUT GROWTH POLICY ANALYSIS POLICY INSTRUMENTS POLICY RESEARCH POVERTY REDUCTION PUBLIC DEFICIT PUBLIC SECTOR REAL GDP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL OUTPUT REAL TERMS RESERVE TAX REVENUE
Online Access:	http://documents.worldbank.org/curated/en/2000/03/437906/small-economys-fiscal-deficit-monetary-programming-approach http://hdl.handle.net/10986/18855

Internet

http://documents.worldbank.org/curated/en/2000/03/437906/small-economys-fiscal-deficit-monetary-programming-approach
http://hdl.handle.net/10986/18855