Fiscal policy, stabilization, and growth in developing countries / edited by Mario I. Blejer and ke-Young Chu.

Foreword / Vito Tanzi, vii. -- Acknowledgments, ix. -- Part I. Introduction / Mario I. Blejer and Ke-young Chu, 3. -- Part II. Fiscal Policy, Stabilization, and Growth. 1. Fiscal Policy, Growth, and the Design of Stabilization Programs / Vito Tanzi, 13. – 2. Fiscal Policy and Mobilization of Savings for Growth / Mario I. Blejer and Adrienne Cheasty, 33. -- 3. Fiscal Rigidities, Public Debt, and Capital Flight / Alain Ize and Guillermo Ortiz, 50. -- 4. High Inflation, “Heterodox” Stabilization, and Fiscal Policy / Mario I. Blejer and Adrienne Cheasty, 72. -- Part III. Fiscal Policy, Stabilization, and the World Environment. 5. Fiscal Policy Responses to Exogenous Shocks in Developing Countries / Vito Tanzi, 101. -- 6. External Shocks and Fiscal Adjustment in Developing Countries: Recent Experiences / Ke-young Chu, 109. -- 7. Transmission of Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of Developing Countries / Ahsan H. Mansur and David J. Robinson, 132. -- Part IV. Interaction of Policies. 8. Fiscal Expansion and External Current Account Imbalances / Gloria Bartoli, 171. -- 9. Lags in Tax Collection and the Case for Inflationary Finance: Theory with Simulations / Vito Tanzi, 208. -- 10. Government Spending, the Real Interest Rate, and Liquidity-Constrained Consumers’ Behavior in Developing Countries / Nicola Rossi, 238. -- 11. Fiscal Dimensions of Trade Policy / Ziba Farhadian-Lorie and Menachem Katz, 276. -- Part V. Fiscal Policy Issues in Selected Countries. 12. Effects of a Budget Deficit on the Current Account Balance: The Case of the Philippines / Ahsan H. Mansur, 309. -- 13. The Inflationary Process in Israel, Fiscal Policy, and Economic Stabilization Plan of July 1985 / Eliahu S. Kreis, 346. -- Biographical Sketches, 385