World Economic Outlook, May 1996: Focus on Fiscal PolicyInternational Monetary Fund, 1996 M05 30 - 200 pages The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text. |
Contents
98 | 4 |
World Economic Situation and ShortTerm Prospects | 13 |
Inflation and Commodity Prices | 27 |
External Payments Financing and Debt | 36 |
Fiscal Challenges Facing Industrial Countries | 44 |
Why Persistent Budget Deficits Are a Problem | 50 |
Economics of Fiscal Consolidation | 56 |
Macroeconomic Effects of Fiscal Consolidation | 60 |
Annex | 93 |
Effects of Debt Reduction in the United States Through Lower Government Expenditures | 95 |
Effects of Debt Reduction in All Industrial Countries Except the United States | 96 |
Effects of Debt Reduction in the United States Through | 97 |
Statistical Appendix | 106 |
Page | 112 |
30 | 126 |
60 | 130 |
Characteristics of Fiscal Consolidation | 61 |
Fiscal Policy Issues in Developing Countries | 63 |
Budgetary and Economic Indicators by Region | 65 |
Fiscal Deficits and Economic Performance | 69 |
Benefits and Challenges of Fiscal Adjustment | 71 |
Progress Made and Problems Remaining | 77 |
General Government Budget Balance | 78 |
General Government Revenue | 80 |
General Government Expenditure | 81 |
Privatization Indicators in Selected Transition Countries | 84 |
Pension Indicators for Central and Eastern European Countries 1992 | 85 |
Subsidies to Enterprises in Selected Transition Countries | 87 |
Nonperforming Bank Loans | 90 |
54 | 132 |
80 | 140 |
74 | 149 |
81 | 151 |
84 | 153 |
87 | 156 |
90 | 157 |
Higher Taxes 97 | 162 |
Revenue From Mineral Resources 98 Box 3 Estimated Problem Loans as of the End of September 1995 | 167 |
49 | 168 |
Equity Yield Gap and Stock Market Prices 14 Selected Developing Countries Bilateral Exchange Rates Against the U S Dollar and Real Effective Exc... | 170 |
Other editions - View all
World Economic Outlook, May 1996: Focus on Fiscal Policy International Monetary Fund. Research Dept. No preview available - 1996 |
Common terms and phrases
advanced in transition Annual percent change arrears Asia assets average Belarus borrowers budget deficits budgetary Canada capital central bank Central government Chart contribution Countries in transition Current account balance Czech Republic decline developing countries East and Europe economic growth effects enterprises European Union exchange rate expected external debt fiscal adjustment fiscal balance fiscal consolidation fiscal deficits fiscal imbalances fiscal policies France Germany government debt higher IMF Working Paper Imports increase inflation investment Italy Japan levels loans macroeconomic Major industrial countries Memorandum European Union ment Middle East number of countries output pension percent of GDP percentage points private sector projections public debt public sector quasi-fiscal ratio Real GDP real interest rates recent reduce Republic revenue Ricardian equivalence servicing difficulties short-term structural reforms subsidies sustained Table Terms of trade tion transition countries U.S. dollars U.S. dollars Exports unemployment United Kingdom Value in U.S. wage Western Hemisphere World Economic Outlook