Fiscal Policy and Economic Reforms

Mario I.Blejer is Senior Adviser at the International Monetary Fund (IMF). He holds an economics Ph.D from Chicago and has taught at Hebrew, Boston and New York universities. He has published extensively on monetary and fiscal issues and transition economies. Teresa Ter-Minassian holds degrees in law and economics from Rome and Harvard. She reached the grade of Division Chief at the Bank of Italy before taking a permanent position at the IMF, where she is currently Deputy Director of the Fiscal Affairs Department.

• Preface: Vito Tanzi—The Economist and the Man 1 INTRODUCTION AND OVERVIEW: THE ROLE OF FISCAL POLICIES IN PROMOTING ECONOMIC REFORMS Part 1 Fiscal policies, privatization, and structural reforms 2 THE BUDGETARY IMPACT OF PRIVATISATION 3 MACROECONOMIC CONSTRAINTS AND THE MODALITIES OF PRIVATIZATION 4 A FISCAL APPROACH TO LIBERALIZATION POLICY Part II Fiscal policy and the promotion of sustainable growth 5 EMPIRICAL EVIDENCE ON THE IMPACT OF RECENT TAX REFORMS ON SAVINGS, INVESTMENT, AND GROWTH Part III Fiscal policy and the environment 6 FISCAL AND MACROECONOMIC ASPECTS OF ENVIRONMENT TAXES Part IV Fiscal policies, poverty alleviation, and the social safety net 7 POVERTY ALLEVIATION IN A FINANCIAL PROGRAMMING FRAMEWORK: AN INTEGRATED APPROACH 8 ECONOMIC REFORMS, SOCIAL SAFETY NETS, AND THE BUDGET IN TRANSITION ECONOMIES 9 CONSUMER PRICE REFORMS AND THE SAFETY NET IN TRANSITION ECONOMIES Part V Fiscal policy reforms and the transition from central planning 10 EXCESS WAGES TAX 11 THE FISCAL COMPONENT AND THE FIRST RUSSIAN TABILIZATION EFFORT, 1992–3 12 TAXATION AND FOREIGN DIRECT INVESTMENT: THE EXPERIENCE OF THE ECONOMIES IN TRANSITION Part VI List of selected publications by Vito Tanzi SELECTED PUBLICATIONS BY VITO TANZI