The Fiscal and Economic Effects of Federal Credit Assistance Programs.

While federal credit programs are varied in form, their fiscal and economic effects arise primarily from the same source-each program's subsidy component. Recent credit reform proposals would make control of credit subsidies the primary focus of budgetary efforts. By subjecting these subsidies...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1990.
Serie:IMF Working Papers; Working Paper ; No. 1990/098
Accesso online:Full text available on IMF
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245 1 4 |a The Fiscal and Economic Effects of Federal Credit Assistance Programs. 
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300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a While federal credit programs are varied in form, their fiscal and economic effects arise primarily from the same source-each program's subsidy component. Recent credit reform proposals would make control of credit subsidies the primary focus of budgetary efforts. By subjecting these subsidies to annual appropriations, the Government would gain more effective means to control the long-run fiscal effects of credit programs. Such reforms also would represent an important first step in improving their economic effects by eliminating unintended subsidies. However, many high subsidy-rate programs appear to have a significant effect on the allocation of credit without yielding clearcut efficiency gains. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/098 
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