Normal view MARC view ISBD view

Mackenzie, George A.

Quasi-Fiscal Operations of Public Financial Institutions George A Mackenzie. [electronic resource] / George A Mackenzie. - Washington, D.C. : International Monetary Fund, 1996. - 1 online resource (45 p.) - Occasional Papers; Occasional Paper ; No. 142 . - Occasional Papers; Occasional Paper ; No. 142 .

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.

ISBN: 1557755833 : 12.00 USD

ISSN: 0251-6365

Standard No.: 10.5089/9781557755834.084 doi

Subjects--Topical Terms:
Central Bank
Central Banks
Exchange Rate
Inflation
Monetary Fund

Subjects--Geographic Terms:
Ghana
Jamaica
Poland
Romania
Uruguay