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Fiscal Policy and Growth in the Context of European Integration

Fiscal Policy and Growth in the Context of European Integration »

Source: Fiscal Policy and Growth in the Context of European Integration

Volume/Issue: 2000/133

Series: IMF Working Papers

Author(s): Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855487

Keywords: fiscal federalism, tax competition, tax rates, fiscal policies, pension, pensions

The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiari...

Glossary

Glossary »

Source: Fiscal Monitor, October 2012 : Taking Stock: A Progress Report on Fiscal Adjustment: Taking Stock: A Progress Report on Fiscal Adjustment

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2012

ISBN: 9781616353919

Keywords: pension, fiscal consolidation, unemployment, fiscal policy, pensions

Automatic stabilizers Budgetary measures that dampen fluctuation in real GDP, automatically triggered by the tax code and by spending rules....

Monetary and Exchange Rate Policies of the Euro Area
			: The Euro Area Stability Programs

Monetary and Exchange Rate Policies of the Euro Area : The Euro Area Stability Programs »

Volume/Issue: 2000/63

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2000

DOI: http://dx.doi.org/10.5089/9781451812916.002

ISBN: 9781451812916

Keywords: expenditures, expenditure, fiscal effort, tax cuts, fiscal consolidation

This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium...

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel »

Volume/Issue: 2013/159

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , and Sergio Sola

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781484394502.001

ISBN: 9781484394502

Keywords: Real time data, Cross-sectional dependence, Heterogeneous panels, public debt, fiscal stance, budget deficits, fiscal variables, General, International Policy Coordination and Transmission, Globalization: Macroeconomic Impacts

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset...

Fiscal Consolidation and the Cost of Credit
			: Evidence from Syndicated Loans

Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans »

Volume/Issue: 2013/36

Series: IMF Working Papers

Author(s): Senay Agca , and Deniz Igan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

DOI: http://dx.doi.org/10.5089/9781475564440.001

ISBN: 9781475564440

Keywords: cost of credit, loan spreads, fiscal consolidations, spending cuts, fiscal policy, Firm, General,

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan...

Fiscal Policy and Growth in the Context of European Integration

Fiscal Policy and Growth in the Context of European Integration »

Volume/Issue: 2000/133

Series: IMF Working Papers

Author(s): Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

DOI: http://dx.doi.org/10.5089/9781451855487.001

ISBN: 9781451855487

Keywords: fiscal federalism, tax competition, tax rates, fiscal policies, pension, pensions

The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiari...

Interest Rates and Government Debt
			: Are the Linkages Global Rather Than National?

Interest Rates and Government Debt : Are the Linkages Global Rather Than National? »

Volume/Issue: 1991/6

Series: IMF Working Papers

Author(s): Mark Lutz , and Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451842227.001

ISBN: 9781451842227

Keywords: public debt, government debt, debt ratios, fiscal variables, debt ratio

Given the increasing integration of financial markets, a better understanding of the effects of fiscal deficits and debt on real interest rates might be obtained by taking a global, rather than a national, perspect...

Measuring Fiscal Vulnerability and Fiscal Stress
			: A Proposed Set of Indicators

Measuring Fiscal Vulnerability and Fiscal Stress : A Proposed Set of Indicators »

Volume/Issue: 2011/94

Series: IMF Working Papers

Author(s): James McHugh , Iva Petrova , and Emanuele Baldacci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455253333.001

ISBN: 9781455253333

Keywords: Fiscal vulnerability, fiscal stress, public debt, fiscal variables, National Deficit Surplus, Studies of Particular Policy Episodes, General Outlook and Conditions,

This paper proposes a set of fiscal indicators to assess rollover risks using the conceptual framework developed by Cottarelli (2011). These indicators provide early warning signals about the manifestation of these...

Pricing of Sovereign Credit Risk
			: Evidence From Advanced Economies During the Financial Crisis

Pricing of Sovereign Credit Risk : Evidence From Advanced Economies During the Financial Crisis »

Volume/Issue: 2012/24

Series: IMF Working Papers

Author(s): Emre Alper , Lorenzo Forni , and Marc Gerard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463931865.001

ISBN: 9781463931865

Keywords: bond, arbitrage, bonds, stock prices, Advanced Economies, Sovereign Spreads, Fiscal Risks,

We investigate the pricing of sovereign credit risk over the period 2008-2010 for selected advanced economies by examining two widely-used indicators: sovereign credit default swap (CDS) and relative asset swap (RA...

Private Sector Consumption and Government Consumption and Debt in Advanced Economies
			: An Empirical Study

Private Sector Consumption and Government Consumption and Debt in Advanced Economies : An Empirical Study »

Volume/Issue: 2010/264

Series: IMF Working Papers

Author(s): Sanchita Mukherjee , and Rina Bhattacharya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

DOI: http://dx.doi.org/10.5089/9781455210718.001

ISBN: 9781455210718

Keywords: non-Ricardian behavior, household income, fiscal consolidation, marginal propensity to consume,

This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD...