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020 ▼a 9781455233533 ▼q (electronic bk.)
020 ▼a 1455233536 ▼q (electronic bk.)
020 ▼z 1557756244
020 ▼z 9781557756244
0291 ▼a DEBBG ▼b BV043128727
0291 ▼a DEBSZ ▼b 421423064
0291 ▼a GBVCP ▼b 80398247X
035 ▼a (OCoLC)793203311
040 ▼a N$T ▼b eng ▼e pn ▼c N$T ▼d OCLCQ ▼d OCLCF ▼d YDXCP ▼d OCLCQ ▼d 247004
050 4 ▼a HF1351 ▼b .E33 v.4eb
072 7 ▼a BUS ▼x 051000 ▼2 bisacsh
08204 ▼a 336.3 ▼2 22
084 ▼a ZB 50200 ▼2 rvk
1001 ▼a McDermott, C. John.
24510 ▼a Fiscal reforms that work/ ▼c C. John McDermott, Robert F. Wescott.
260 ▼a Washington, D.C.: ▼b International Monetary Fund, ▼c ?996.
300 ▼a 1 online resource (iii, 12 pages).
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
4901 ▼a Economic issues; ▼v 4
500 ▼a "Draws on material originally contained in IMF Working Paper 96/59, 'An empirical analysis of fiscal adjustments', by C. John McDermott and Robert F. Wescott of the Fund's Research Dept ... This material is refined for the general readership by editing and partial redrafting ... It has been prepared by David C. Driscoll of the Fund's External Relations Dept."
500 ▼a "December 1996"--Title page verso.
5200 ▼a Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and almost all these countries are now faced with the challenge of bringing them back to earth. The present very serious problem of budget deficits and public debt has come about mainly because the growth in government spending has exceeded the growth of goods and services and has left groth in revenues trailing far behind. While the average ratio of tax revenue to GDP in industrial countries increased from 28 percent in 1966 to 44 percent in 1994 (the value of 44 percent of everything produced in one year in these countries went to taxes and fees), the corresponding ratio for government expenditures rose from 28 percent to 50 percent (the government spent the equivalent of half the value of all goods and services produced in a year). Given the high levels to which taxes have risen and the danger of stifling growth by raisin taxes further, to say nothing of the political consequences of trying to do so, it is reasonable to suppose that reducing government spending offers the best means, if not only means, of eliminating these fiscal imbalances.
5880 ▼a Print version record.
590 ▼a eBooks on EBSCOhost ▼b All EBSCO eBooks
650 0 ▼a Fiscal policy.
650 0 ▼a Government spending policy.
650 0 ▼a Debts, Public.
650 0 ▼a Taxation.
650 7 ▼a BUSINESS & ECONOMICS ▼x Public Finance. ▼2 bisacsh
650 7 ▼a Debts, Public. ▼2 fast ▼0 (OCoLC)fst00888850
650 7 ▼a Fiscal policy. ▼2 fast ▼0 (OCoLC)fst00925806
650 7 ▼a Government spending policy. ▼2 fast ▼0 (OCoLC)fst00945615
650 7 ▼a Taxation. ▼2 fast ▼0 (OCoLC)fst01143876
650 7 ▼a D?bito fiscal. ▼2 larpcal
650 7 ▼a Pol?tica fiscal. ▼2 larpcal
650 7 ▼a Taxas. ▼2 larpcal
650 7 ▼a Politique des d?penses publiques. ▼2 ram
650 7 ▼a Dettes publiques. ▼2 ram
650 7 ▼a imposition. ▼2 ram
650 7 ▼a Politique fiscale. ▼2 ram
655 4 ▼a Electronic books.
7001 ▼a Wescott, Robert F,
7001 ▼a Driscoll, David D,
7001 ▼a McDermott, John C. ▼t Empirical analysis of fiscal adjustments,
7102 ▼a International Monetary Fund.
77608 ▼i Print version: ▼a McDermott, C. John. ▼t Fiscal reforms that work. ▼d Washington, D.C. : International Monetary Fund, ?996 ▼z 1557756244 ▼w (OCoLC)36215797
830 0 ▼a Economic issues ; ▼v 4.
85640 ▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449573
938 ▼a EBSCOhost ▼b EBSC ▼n 449573
938 ▼a YBP Library Services ▼b YANK ▼n 9445119
990 ▼a ***1012033
994 ▼a 92 ▼b KRDHU