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Regional Economic Outlook, April 2013, Asia and Pacific
			: Shifting Risks, New Foundations for Growth

Regional Economic Outlook, April 2013, Asia and Pacific : Shifting Risks, New Foundations for Growth »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2013

DOI: http://dx.doi.org/10.5089/9781484360835.086

ISBN: 9781484360835

Keywords: Fiscal policy, Business cycles, Market economies, Human capital, Capital accumulation, Financial crises, Economies, capital inflows, domestic demand, capital flow

Growth in the Asia-Pacific region shows signs of improving as extreme risks emanating from advanced economies have receded and domestic demand remains resilient, supported by relatively easy financial conditions an...

Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic »

Series: Books

Author(s): Kimberly Beaton , Roberto Garcia-Saltos , and Lorenzo Figliuoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 September 2019

DOI: http://dx.doi.org/10.5089/9781484353844.071

ISBN: 9781484353844

Keywords: Financial crises, Economic growth, Development, Economic indicators, Macroprudential policies and financial stability, Fiscal Policy, Macroeconomics, Monetary Policy, International Migration, International Trade

Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, o...

Simple, Implementable Fiscal Policy Rules

Simple, Implementable Fiscal Policy Rules »

Source: Simple, Implementable Fiscal Policy Rules

Volume/Issue: 2009/76

Series: IMF Working Papers

Author(s): Michael Kumhof , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

ISBN: 9781451872231

Keywords: Fiscal policy rules, balanced budget rules, countercyclical fiscal policy, welfare analysis, tax revenue, fiscal instruments, inflation,

This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrume...

Fiscal Rules and Countercyclical Policy

Fiscal Rules and Countercyclical Policy »

Source: Fiscal Rules and Countercyclical Policy : Frank Ramsey Meets Gramm-Rudman-Hollings

Volume/Issue: 2003/220

Series: IMF Working Papers

Author(s): Evan Tanner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

ISBN: 9781451875225

Keywords: Fiscal policy, Ramsey approach, tax smoothing, countercyclical policy, primary deficit, tax rates, tax rate, fiscal rules, fiscal rule

Fiscal rules-legal restrictions on government borrowing, spending, or debt accumulation (like the Gramm-Rudman-Hollings Act in the United States)-have recently been adopted or considered in several countries, both...

Fiscal Policy Through Time-Varying Tax Rates

Fiscal Policy Through Time-Varying Tax Rates »

Source: Fiscal Policy Through Time-Varying Tax Rates : If and How

Volume/Issue: 2000/170

Series: IMF Working Papers

Author(s): Martin Kaufman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451858419

Keywords: Counter-cyclical fiscal policy, credit constraint, hyperbolic discounting, tax rate, labor income

This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such policy can effectively be implemented in practice. While, in principle, variable taxes could im...

Anchor Me: The Benefits and Challenges of Fiscal Responsibility

Anchor Me: The Benefits and Challenges of Fiscal Responsibility »

Source: Anchor Me: The Benefits and Challenges of Fiscal Responsibility

Volume/Issue: 2019/70

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2019

ISBN: 9781498302937

Keywords: Economic stabilization, Fiscal policy, National budgets, Budgetary policy, Fiscal stimulus, procyclicality, structural budget balances, fiscal rules, output gap, countercyclical

This paper discusses the benefits and challenges of implementing a rule-based fiscal responsibility framework, using the Philippines as a case study. It estimates structural measures of the fiscal stance over the p...

Back to the Future: Fiscal Rules for Regaining Sustainability

Back to the Future: Fiscal Rules for Regaining Sustainability »

Source: Back to the Future: Fiscal Rules for Regaining Sustainability

Volume/Issue: 2019/242

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

ISBN: 9781513519128

Keywords: Economic stabilization, Fiscal policy, Fiscal indicators, Economic policy, Economic growth, sustainability, procyclicality, debt, fiscal rules, WP

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal pol...

Key Aspects of Macroprudential Policy

Key Aspects of Macroprudential Policy »

Source: Key Aspects of Macroprudential Policy

Volume/Issue: 2013/082

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2013

ISBN: 9781498341707

Keywords: Banking sector, Central bank role, Fiscal policy, International financial system, Macroprudential Policy, Monetary policy, Shadow economy, Real sector, Fiscal sector, Financial crises

The crisis has underscored the costs of systemic instability at both the national and the global levels and highlighted the need for dedicated macroprudential policies to achieve financial stability. Building on re...

From Banking to Sovereign Stress - Implications For Public Debt

From Banking to Sovereign Stress - Implications For Public Debt »

Source: From Banking to Sovereign Stress - Implications For Public Debt

Volume/Issue: 2014/092

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2014

ISBN: 9781498342438

Keywords: Banking sector, Debt sustainability, Fiscal policy, Fiscal risk, Public debt, Risk management, Sovereign debt, Real sector, Financial crises, Macroprudential policies and financial stability

This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking...

Fiscal Rules and the Sovereign Default Premium

Fiscal Rules and the Sovereign Default Premium »

Source: Fiscal Rules and the Sovereign Default Premium

Volume/Issue: 2012/30

Series: IMF Working Papers

Author(s): Juan Carlos Hatchondo , Francisco Roch , and Leonardo Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463933159

Keywords: debt ceiling, sovereign default premium, debt exchange, countercyclical policy, endogenous borrowing constraints, long-term debt, debt, interest, fiscal rule, International Lending and Debt Problems

This paper finds optimal fiscal rule parameter values and measures the effects of imposing fiscal rules using a default model calibrated to an economy that in the absence of a fiscal rule pays a significant soverei...