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文章基本信息

  • 标题:WHY IS THE FISCAL POLICY IMPOSED BY IMF PRO-CYCLIC?
  • 本地全文:下载
  • 作者:Marinaş Marius-Corneliu
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:02
  • 出版社:University of Oradea
  • 摘要: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, even though they have already been in an economic recession and they would need to promote a new expansionary fiscal policy, which allows implementing the measures mentioned in the national anti-crisis plans. As a result, imposing new pro-cyclic fiscal policies will emphasize the recession within these economies, and this will contribute to decreasing the individuals’ available incomes and, as a consequence, to the occurrence of social discontents (as in Latvia, Hungary, Ukraine and Serbia).
  • 关键词:fiscal policy stance, structural budget balance, IMF agreement, economic recession
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