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Republic of Palau: Selected Issues

Republic of Palau: Selected Issues »

Source: Republic of Palau : Selected Issues

Volume/Issue: 2014/111

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

ISBN: 9781484370964

Keywords: long-term fiscal sustainability, budget constraint, fiscal consolidation, fiscal adjustment

This Selected Issues paper describes Palau's fiscal challenges and policy options to achieve long-term fiscal sustainability. Palau relies heavily on compact grants, and without continued fiscal consolidation over...

Republic of Palau: Selected Issues

Republic of Palau: Selected Issues »

Source: Republic of Palau : Selected Issues

Volume/Issue: 2014/111

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

ISBN: 9781484370964

Keywords: long-term fiscal sustainability, budget constraint, fiscal consolidation, fiscal adjustment

This Selected Issues paper describes Palau's fiscal challenges and policy options to achieve long-term fiscal sustainability. Palau relies heavily on compact grants, and without continued fiscal consolidation over...

From Deficit Delusion to the Fiscal Balance Rule:

From Deficit Delusion to the Fiscal Balance Rule: »

Source: From Deficit Delusion to the Fiscal Balance Rule

Volume/Issue: 1989/50

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

ISBN: 9781451971002

Keywords: fiscal policy, fiscal balance, budget constraint, loose fiscal policy, budget constraints

Although the deficit is a useful construct for Keynesian analyses of fiscal policy, the deficit appears to be a less useful measure of fiscal policy within all but a restricted class of intertemporal neoclassical m...

Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries »

Source: Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Volume/Issue: 2012/146

Series: IMF Working Papers

Author(s): Ernesto Crivelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504118

Keywords: Soft budget constraints, Transition, fiscal autonomy, budget constraints, fiscal discipline, State and Local Borrowing,

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may...

What Transparency Can Do When Incentives Fail

What Transparency Can Do When Incentives Fail »

Source: What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture

Volume/Issue: 2006/146

Series: IMF Working Papers

Author(s): Elisabeth Paul , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864069

Keywords: incentives, wages, budget constraint, wage, fiscal transparency, fiscal management,

This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and e...

Intergovernmental Relations and Fiscal Discipline

Intergovernmental Relations and Fiscal Discipline »

Source: Intergovernmental Relations and Fiscal Discipline : Between Commons and Soft Budget Constraints

Volume/Issue: 2001/65

Series: IMF Working Papers

Author(s): Guiseppe Pisauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451848687

Keywords: fiscal federalism, soft budget constraint, bailout, budget constraint, fiscal discipline, budget process, fiscal relations, State And Local Government,

Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on t...

Botswana

Botswana »

Source: Botswana : Selected Issues and Statistical Appendix

Volume/Issue: 2007/228

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2007

ISBN: 9781451806465

Keywords: government expenditure, international monetary fund, fiscal policy, budget constraint

This Selected Issues paper and Statistical Appendix on Botswana underlies that diamond reserves are not adequate to generate enough permanent revenue to support the current level of expenditure. Despite strong over...

Botswana: Selected Issues and Statistical Appendix

Botswana: Selected Issues and Statistical Appendix »

Source: Botswana : Selected Issues and Statistical Appendix

Volume/Issue: 2007/228

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2007

ISBN: 9781451806465

Keywords: government expenditure, international monetary fund, fiscal policy, budget constraint

This Selected Issues paper and Statistical Appendix on Botswana underlies that diamond reserves are not adequate to generate enough permanent revenue to support the current level of expenditure. Despite strong over...

Botswana: Selected Issues and Statistical Appendix

Botswana: Selected Issues and Statistical Appendix »

Source: Botswana : Selected Issues and Statistical Appendix

Volume/Issue: 2007/228

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2007

ISBN: 9781451806465

Keywords: government expenditure, international monetary fund, fiscal policy, budget constraint

This Selected Issues paper and Statistical Appendix on Botswana underlies that diamond reserves are not adequate to generate enough permanent revenue to support the current level of expenditure. Despite strong over...

Fiscal Buffers, Private Debt, and Stagnation

Fiscal Buffers, Private Debt, and Stagnation »

Source: Fiscal Buffers, Private Debt, and Stagnation : The Good, the Bad and the Ugly

Volume/Issue: 2016/104

Series: IMF Working Papers

Author(s): Nicoletta Batini , Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2016

ISBN: 9781484365502

Keywords: private debt, public debt, borrowing constraints, fiscal limits, DSGE

We revisit the empirical relationship between private/public debt and output, and build a model that reproduces it. In the model, the government provides financial assistance to credit-constrained agents to mitigat...