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The Evolving Role of Fiscal Policy in Centrally Planned Economies Under Reform The Case of China

Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of increasingly au...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989
Series:IMF Working Papers
Subjects:
Revenue Administration
Income
Budget Systems
Public Finance & Taxation
Fiscal Policy
Budget Planning And Preparation
Aggregate Factor Income Distribution
Budgeting
National Accounts
National Government Expenditures And Related Policies: General
Expenditure
Taxation, Subsidies, And Revenue: General
Budget
Expenditures, Public
Macroeconomics
Public Financial Management (pfm)
National Budget
Budgeting & Financial Management
Public Finance
Revenue
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of increasingly autonomous economic agents. In this respect, fiscal policy becomes central and its macroeconomic role is enhanced. This paper studies the recent Chinese experience, reviewing fiscal developments and analyzing the effectiveness and appropriateness of available fiscal instruments in performing their newly enhanced macroeconomic role
Physical Description:42 pages
ISBN:9781451981698

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