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Public Finance

Gerardo P. Sicat and Rahimaisa D. Abdula

in The Philippine Economy: Development, Policies, and Challenges

Published in print:
2003
Published Online:
November 2003
ISBN:
9780195158984
eISBN:
9780199869107
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195158989.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

Reviews the Philippine public finance experience over two decades from 1980 to 2000. It notes that in some years, the government's dominant fiscal problems were caused, at least initially, by ... More


Fiscal Reconstruction: ‘Smoke and Mirrors’

Maurice Wright

in Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199250530
eISBN:
9780191697937
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250530.003.0025
Subject:
Political Science, Political Economy

The main objective of the Ministry of Finance (MOF) from the emergence of the fiscal crisis in 1975 onwards was to reduce the fiscal deficit on the General Account Budget and, in the longer term, to ... More


Budget Institutions, Deficits, and Debts

Maurice Wright

in Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199250530
eISBN:
9780191697937
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250530.003.0030
Subject:
Political Science, Political Economy

According to ‘fiscal institutionalists’, budget institutions at the governmental (as opposed to parliamentary) level, which lead participants in the budget process to internalize the costs of budget ... More


Rebuilding the Tax System

Hiromitsu Ishi

in The Japanese Tax System

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199242566
eISBN:
9780191596452
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199242569.003.0017
Subject:
Economics and Finance, South and East Asia

Treats two sweeping tax reforms starting from the late 1980s, that is to say, that for 1987–93 and that for 1994–99. It is important to explore the reasons leading up to a need for major reforms and ... More


Fiscal Policy and Trade Policy

Vijay Joshi and I. M. D. Little

in India's Economic Reforms, 1991-2001

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198290780
eISBN:
9780191596506
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290780.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

The reforms of the tariff and trade controls are the basis of this chapter. Tariff reform has direct consequences on the rest of the economy leading to an analysis of the fiscal policy and domestic ... More


Coping with Fiscal Stress

Maurice Wright

in Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199250530
eISBN:
9780191697937
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250530.003.0029
Subject:
Political Science, Political Economy

Japan's main budget exhibited three symptoms of fiscal stress from 1975 through to 2000. First, a recurring deficit, persisting throughout the business cycle, that is, including years of both ... More


The Origins of Japan's Fiscal Crisis

Maurice Wright

in Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199250530
eISBN:
9780191697937
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250530.003.0002
Subject:
Political Science, Political Economy

This chapter traces the origins of Japan's fiscal crisis that emerged in the mid-1970s, and describes the symptoms and characteristics that persisted for the rest of the 20th century. The fiscal ... More


Lecture 2

T.N. Srinivasan

in Growth, sustainability, and India's Economic Reforms

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198076384
eISBN:
9780199080854
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198076384.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses the period from 1980–1 to 1991–2. In this period, fiscal and monetary conservatism of 1950–80 gave way to fiscal profligacy with rising fiscal deficits financed in part by ... More


On Macroeconomics of Fiscal Policy

Surajit Das

in Economics: Volume 3: Macroeconomics

Published in print:
2015
Published Online:
September 2016
ISBN:
9780199458950
eISBN:
9780199086900
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199458950.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

The deficit financed government expenditure multiplier is stronger than the tax-financed government expenditure multiplier, ceteris paribus, in enhancing aggregate level of activity and employment in ... More


Fiscal Policy Response in Advanced and Emerging Market Economies

Elif Arbatli, Thomas Baunsgaard, Alejandro Guerson, and Kyung-Seol Min

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0011
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines how countries employed activist fiscal policies in response to the sharp decline in global growth following the financial crisis of 2007. In particular, it provides an in-depth ... More


Fiscal Trends and Fiscal Stress prior to the Crisis

Jiri Jonas and Iva Petrova

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the state of fiscal accounts in advanced and emerging market economies from the postwar period until the outburst of the 2007 financial crisis, revealing some early symptoms of ... More


India: Crisis and the Impact on Fiscal Space

Y.V. Reddy, Narayan Valluri, and Partha Ray

in Financial and Fiscal Policies: Crises and New Realities

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199452651
eISBN:
9780199084524
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199452651.003.0008
Subject:
Economics and Finance, Financial Economics

This chapter presents an overview of the state of the Indian macroeconomy (with an emphasis on the fisc) and its relationship with the global crisis so that the monetary and fiscal stimulus can be ... More


Which Truth? The Power of Numeric Indicators and Probabilistic Reasoning about Public Debt

Kenneth Dyson

in States, Debt, and Power: 'Saints' and 'Sinners' in European History and Integration

Published in print:
2014
Published Online:
August 2014
ISBN:
9780198714071
eISBN:
9780191782558
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714071.003.0015
Subject:
Political Science, European Union

This chapter considers the nature of the discourse about public debt, from the two perspectives of political legitimacy and of financial markets. It analyses and assesses the power of numeric ... More


Sixty Years of Fiscal Policy in Ghana: Outcomes and Lessons

Robert Darko Osei and Henry Telli

in The Economy of Ghana Sixty Years after Independence

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198753438
eISBN:
9780191815065
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198753438.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

On Ghana’s independence in 1957, there was a shift from private to public sector as the main engine of economic growth due to the strong desire to rapidly grow and develop the country into a modern ... More


The Motive to Borrow

Antonio Fatás, Atish R. Ghosh, Ugo Panizza, and Andrea F. Presbitero

in Sovereign Debt: A Guide for Economists and Practitioners

Published in print:
2019
Published Online:
December 2019
ISBN:
9780198850823
eISBN:
9780191885693
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198850823.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

Governments issue debt for good and bad reasons. While the good reasons—intertemporal tax smoothing, fiscal stimulus, and asset management—can explain some of the increases in public debt observed in ... More


Government Deficits and the Deindustrialization of America

Ronald I. McKinnon

in The Economists' Voice: Top Economists Take On Today's Problems

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231143653
eISBN:
9780231527866
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231143653.003.0012
Subject:
Economics and Finance, Public and Welfare

This chapter argues that the deindustrialization of America is to blame for the soaring federal deficit. The reason: the need for large infusions of foreign savings to finance government borrowing ... More


Public policy responses to fiscal debt or deficit: is there a difference?

Fred Mear

in From recession to renewal: The impact of the financial crisis on public services and local government

Published in print:
2010
Published Online:
March 2012
ISBN:
9781847427007
eISBN:
9781447302377
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781847427007.003.0004
Subject:
Sociology, Economic Sociology

After the government rescue package for the UK banking sector in 2008–9, the government's fiscal deficit rose substantially and quickly to over 12 per cent per annum. This chapter presents ... More


Taxation and Privately Produced Public Goods

Raymond G. Batina and Toshihiro Ihori

in Consumption Tax Policy and the Taxation of Capital Income

Published in print:
2000
Published Online:
October 2011
ISBN:
9780198297901
eISBN:
9780191685361
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198297901.003.0007
Subject:
Economics and Finance, Financial Economics

This chapter focuses on the relationship between taxation and several privately produced public goods. Charity and private contributions play an important role in the economy especially for a large ... More


The Costs of Stability

Manuel Hinds

in Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries

Published in print:
2006
Published Online:
October 2013
ISBN:
9780300113303
eISBN:
9780300129779
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300113303.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter focuses on the issue of currency stability by analyzing the economy of Brazil. It discusses how the instability in Brazil is largely attributable to the increasing complexity of the ... More


Fiscal Issues

T.N. Srinivasan

in Eight Lectures on India's Economic Reforms

Published in print:
2000
Published Online:
October 2012
ISBN:
9780195652826
eISBN:
9780199080649
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195652826.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the history of fiscal reforms in India. Though there were major problems in the fiscal expansionism of the 1980s, it resulted in a mini-industrial boom in 1985–8 because of some ... More


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