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Fiscal Issues in Adjustment Programs

In: Fiscal Issues in Adjustment in Developing Countries

Author

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  • Vito Tanzi

    (International Monetary Fund)

Abstract

Because of large macroeconomic disequilibria characterized by inflation, balance of payments difficulties, and increasing debt obligations, in recent years many countries have adopted economic programs aimed at “adjusting” their economies. By and large, adjustment has aimed at reducing the rate of inflation, improving the balance of payments, and promoting economic growth.

Suggested Citation

  • Vito Tanzi, 1993. "Fiscal Issues in Adjustment Programs," Palgrave Macmillan Books, in: Riccardo Faini & Jaime Melo (ed.), Fiscal Issues in Adjustment in Developing Countries, pages 21-42, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22790-7_2
    DOI: 10.1007/978-1-349-22790-7_2
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    Cited by:

    1. Buffie, Edward F., 2009. "Public sector layoffs, severance pay, and inflation in the small open economy," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 987-1005, October.

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