Quasi-fiscal operations of public financial institutions / G. A. Mackenzie and Peter Stella.
By: Mackenzie, G. A. (George A.)
.
Contributor(s): Stella, Peter.
Material type: 
BookSeries: Occasional paper (International Monetary Fund): v142Publisher: Washington, DC : International Monetary Fund, 1996Description: vii, 38 p. ; 28 cm. + pbk.ISBN: 1557755833.Subject(s): Budget deficits | Fiscal policy | Banks and banking, Central | Government financial institutionsDDC classification: 339.523 | Item type | Current library | Call number | Copy number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
| General Lending | MTU Bishopstown Library Lending | 339.523 (Browse shelf(Opens below)) | 1 | Available | 00058465 |
Enhanced descriptions from Syndetics:
Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their "quasi-fiscal" operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered.
Bibliography: (pages 35-36).
Overview -- Basic issues -- Varieties and economic effects of Quasi-fiscal activities -- Implications for policy.