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Why Is The Fiscal Policy Imposed By Imf Pro-Cyclic?

Author

Listed:
  • Marinas Marius-Corneliu

    (Academia de Studii Economice, Facultatea de Economie)

Abstract

The economies which appealed to the IMF loan faced difficulties related to financing the public and the private foreign debt. IMF imposed the promoting of a restrictive fiscal policy to the beneficiary countries, in order to decrease the budget deficit, e

Suggested Citation

  • Marinas Marius-Corneliu, 2009. "Why Is The Fiscal Policy Imposed By Imf Pro-Cyclic?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 412-416, May.
    • Handle: RePEc:ora:journl:v:2:y:2009:i:1:p:412-416
    as

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    File URL: http://steconomice.uoradea.ro/anale/volume/2009/v2-economy-and-business-administration/70.pdf
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    References listed on IDEAS

    as
    1. John B. Taylor, 2000. "Reassessing Discretionary Fiscal Policy," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 21-36, Summer.
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    More about this item

    Keywords

    : fiscal policy stance; structural budget balance; IMF agreement; economic recession;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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