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4 Addressing the Procyclical Bias

4 Addressing the Procyclical Bias »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Since political economy factors are an important determinant of procyclicality of policies, measures to contain the misuse of fiscal policy discretion can be benefic...

Bank Group Activity

Bank Group Activity »

Source: Finance & Development, March 1974

Volume/Issue: 11/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1974

ISBN: 9781616353155

Keywords: expenditure, fiscal system, expenditures, fiscal policy, expenditure policy

This paper highlights that the distribution of income and wealth in developing countries has become a matter of great concern to all those interested in development. The paper highlights that in Latin America, the...

Book Notices

Book Notices »

Source: Finance & Development, March 1974

Volume/Issue: 11/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1974

ISBN: 9781616353155

Keywords: expenditure, fiscal system, expenditures, fiscal policy, expenditure policy

This paper highlights that the distribution of income and wealth in developing countries has become a matter of great concern to all those interested in development. The paper highlights that in Latin America, the...

4 Can Fiscal Rules Help Reduce Macroeconomic Volatility?

4 Can Fiscal Rules Help Reduce Macroeconomic Volatility? »

Source: Rules-Based Fiscal Policy in Emerging Markets : Background, Analysis, and Prospects

Series: Seminar Volumes

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781403920850

Keywords: rules, fiscal rules, fiscal policy, public debt, fiscal discipline

Introduction The debate on fiscal policy rules in Europe 2 centers mainly on how to facilitate the workings of automatic stabilizers while achieving...

3 Cyclicality of Fiscal Policy

3 Cyclicality of Fiscal Policy »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Although some debate on the feasibility and effectiveness of fiscal policy in stabilizing output fluctuations continues, there is little disagreement that, as a rule...

2 Discretion, Institutions, and Fiscal Discipline

2 Discretion, Institutions, and Fiscal Discipline »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Economic analysis has long recognized that policymakers, particularly in the fiscal domain, act quite rationally according to specific incentives, including reelecti...

7 EMU Fiscal Rules: What Can and Cannot be Exported

7 EMU Fiscal Rules: What Can and Cannot be Exported »

Source: Rules-Based Fiscal Policy in Emerging Markets : Background, Analysis, and Prospects

Series: Seminar Volumes

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781403920850

Keywords: rules, fiscal rules, fiscal policy, public debt, fiscal discipline

Introduction A basic feature of Europe’s Economic and Monetary Union (EMU) is strong fiscal discipline. The Maastricht Treaty sets tight public finance requirements for joining the e...

Finance & Development, March 1974

Finance & Development, March 1974 »

Volume/Issue: 11/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1974

DOI: http://dx.doi.org/10.5089/9781616353155.022

ISBN: 9781616353155

Keywords: expenditure, fiscal system, expenditures, fiscal policy, expenditure policy

This paper highlights that the distribution of income and wealth in developing countries has become a matter of great concern to all those interested in development. The paper highlights that in Latin America, the...

Financing Cities in LDCs: Cities in LDCs can improve their tax base

Financing Cities in LDCs: Cities in LDCs can improve their tax base »

Source: Finance & Development, March 1974

Volume/Issue: 11/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1974

ISBN: 9781616353155

Keywords: expenditure, fiscal system, expenditures, fiscal policy, expenditure policy

This paper highlights that the distribution of income and wealth in developing countries has become a matter of great concern to all those interested in development. The paper highlights that in Latin America, the...

1 Fiscal Discipline: Key Issues and Overview

1 Fiscal Discipline: Key Issues and Overview »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Since the early 1970s, fiscal deficits and rising public debt have been ubiquitous features of government budgetary positions. Indeed, in aggregate, fiscal balances...