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The Design of Fiscal Reform Packages

The Design of Fiscal Reform Packages »

Source: The Design of Fiscal Reform Packages : Insights from a Theoretical Endogenous Growth Model

Volume/Issue: 2016/146

Series: IMF Working Papers

Author(s): Andrew Hodge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2016

ISBN: 9781498382199

Keywords: Fiscal policy; Endogenous growth

This paper studies the impact on growth, welfare, and government debt of fiscal reform packages in a theoretical model drawing together three key features of the endogenous growth literature: (i) investment in tech...

The Design of Fiscal Reform Packages
			: Insights from a Theoretical Endogenous Growth Model

The Design of Fiscal Reform Packages : Insights from a Theoretical Endogenous Growth Model »

Volume/Issue: 2016/146

Series: IMF Working Papers

Author(s): Andrew Hodge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2016

DOI: http://dx.doi.org/10.5089/9781498382199.001

ISBN: 9781498382199

Keywords: Fiscal policy; Endogenous growth

This paper studies the impact on growth, welfare, and government debt of fiscal reform packages in a theoretical model drawing together three key features of the endogenous growth literature: (i) investment in tech...

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...

Fiscal Sustainability

Fiscal Sustainability »

Source: Fiscal Sustainability : The Case of Eritrea

Volume/Issue: 2004/7

Series: IMF Working Papers

Author(s): Ayumu Yamauchi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2004

ISBN: 9781451842449

Keywords: Endogenous response, Assets and liabilities, debt, external debt, interest, public debt, Fiscal Policies and Behavior of Economic Agents: General, Economywide Country Studies: Africa,

The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sus...

Global Aging and Fiscal Policy with International Labor Mobility

Global Aging and Fiscal Policy with International Labor Mobility »

Source: Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective

Volume/Issue: 2005/140

Series: IMF Working Papers

Author(s): Mehmet Tosun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861594

Keywords: population aging, overlapping generations, endogenous fiscal policy, international labor mobility, international capital mobility, aging, labor mobility, social security, labor migration, Economic Growth of Open Economies

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the politic...

The Euro-Area Government Spending Multiplier at the Effective Lower Bound*

The Euro-Area Government Spending Multiplier at the Effective Lower Bound* »

Source: The Euro-Area Government Spending Multiplier at the Effective Lower Bound

Volume/Issue: 2019/133

Series: IMF Working Papers

Author(s): Adalgiso Amendola , Mario di Serio , Matteo Fragetta , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

ISBN: 9781498314947

Keywords: Government expenditures, Negative interest rates, Real interest rates, Interest rate policy, Business cycles, Fiscal multiplier, Zero lower bound, Panel VAR, Factor models, Euro Area.

We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the...

Fiscal Rules and the Sovereign Default Premium

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

DOI: http://dx.doi.org/10.5089/9781463933159.001

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...

Fiscal Sustainability
			: The Case of Eritrea

Fiscal Sustainability : The Case of Eritrea »

Volume/Issue: 2004/7

Series: IMF Working Papers

Author(s): Ayumu Yamauchi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2004

DOI: http://dx.doi.org/10.5089/9781451842449.001

ISBN: 9781451842449

Keywords: Endogenous response, Assets and liabilities, debt, external debt, interest, public debt, Fiscal Policies and Behavior of Economic Agents: General, Economywide Country Studies: Africa,

The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sus...

Global Aging and Fiscal Policy with International Labor Mobility
			: A Political Economy Perspective

Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective »

Volume/Issue: 2005/140

Series: IMF Working Papers

Author(s): Mehmet Tosun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

DOI: http://dx.doi.org/10.5089/9781451861594.001

ISBN: 9781451861594

Keywords: population aging, overlapping generations, endogenous fiscal policy, international labor mobility, international capital mobility, aging, labor mobility, social security, labor migration, Economic Growth of Open Economies

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the politic...

The Euro-Area Government Spending Multiplier at the Effective Lower Bound

The Euro-Area Government Spending Multiplier at the Effective Lower Bound »

Volume/Issue: 2019/133

Series: IMF Working Papers

Author(s): Adalgiso Amendola , Mario di Serio , Matteo Fragetta , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

DOI: http://dx.doi.org/10.5089/9781498314947.001

ISBN: 9781498314947

Keywords: Government expenditures, Negative interest rates, Real interest rates, Interest rate policy, Business cycles, Fiscal multiplier, Zero lower bound, Panel VAR, Factor models, Euro Area.

We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the...