Fiscal policy is critical to the development of poor countries. Public spending on pro-poor services and public goods must be increased, tax revenues must be mobilized, and macro-economic stabilization must be achieved without inhibiting growth, poverty reduction and post-conflict reconstruction. This book provides both a comprehensive and balanced guide to the current policy debate and new results on the development impact of fiscal policies. It is essential reading for students of development economics as well as all those seeking to improve policy-effectiveness.
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CHRISTOPHER S. ADAM Research Associate, Department of Economics, Centre for the Study of African Economies, University of Oxford, UK DAVID L. BEVAN Lecturer in Economics, University of Oxford, UK SONIA BHALOTRA Reader in Economics, University of Bristol, UK ABDUR R. CHOWDHURY Director, Economic Analysis Division, United Nations Economic Commission for Europe, Switzerland MICK FOSTER Mick Foster Economics Ltd., UK ADRIAN FOZZARD Senior Public Sector Specialist, Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region, World Bank, USA NORMAN GEMMELL Professorial Research Fellow, School of Economics, University of Nottingham, UK CHRISTOPHER HEADY Head of Tax Policy and Statistics, OECD, France NIELS HERMES Associate Professor, Department of Financial Management, University of Groningen, The Netherlands RAGHBENDRA JHA Rajiv Gandhi Chair Professor and Executive Director, Australia South Asia Research Centre, Australian National University, Australia ROBERT LENSINK Professor of Finance and Financial Markets, University of Groningen, The Netherlands S. MANSOOB MURSHED Associate Professor of Development Economics, Institute of Social Studies, The Netherlands MARK MCGILLIVRAY Senior Research Fellow and Project Director, UNU-WIDER, Finland ANDREW MCKAY Professor of Economics, University of Bath, UK OLIVER MORRISSEY Director, Centre for Research in Economic Development and International Trade (CREDIT), University of Nottingham , UK LEONCE NDIKUMANA Associate Professor, University of Massachusetts, USA RITVA REINIKKA Research Manager, Development Research Group, World Bank, USA JAKOB SVENSSON Research Fellow, Institute for International Economic Studies, Stockholm University, Sweden
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