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Fiscal Monitor, April 2019

Curbing Corruption

The April 2019 edition of Fiscal Monitor is focused on two broad themes: fiscal policy in a fast-changing global economy and curbing corruption.

Back Matter

Back Matter »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment...

Front Matter

Front Matter »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment...

3. External Adjustment to Terms-of-Trade Shifts

3. External Adjustment to Terms-of-Trade Shifts »

Source: Regional Economic Outlook, April 2017, Western Hemisphere Department : Tale of Two Adjustments

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2017

ISBN: 9781475575224

Keywords: Economic integration, Economic growth, Development, Fiscal policy, Flexible exchange rates, Economic policy, Regional economics, emerge market economy, commodity price, emerge market

External adjustment in Latin America is ongoing in the wake of large and persistent shifts in the region’s terms of trade. In the past, external adjustment to negative terms-of-trade shocks typi...

Financial Frictions and Stimulative Effects of Temporary Corporate Tax Cuts1

Financial Frictions and Stimulative Effects of Temporary Corporate Tax Cuts1 »

Source: Financial Frictions and Stimulative Effects of Temporary Corporate Tax Cuts

Volume/Issue: 2019/97

Series: IMF Working Papers

Author(s): William Gbohoui , and Rui Castro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2019

ISBN: 9781498300889

Keywords: Tax revenue, Business cycles, Flow of funds, Interest rate determination, Corporate income taxes, Corporate Tax Policy, Financing Frictions, Investment Dynamics, Fiscal Policy Multipliers, Firm Heterogeneity.

This paper uses an industry equilibrium model where some firms are financially constrained to quantify the effects of a transitory corporate tax cut funded by a future tax increase on the U.S. economy. It finds tha...

5 Finland

5 Finland »

Source: Fiscal Policy in the Smaller Industrial Countries, 1972-82

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1986

ISBN: 9780939934539

Keywords: expenditure, fiscal policy, government expenditure, total expenditure, expenditure growth

A large external sector with imports and exports amounting to almost 30 percent of GDP makes the Finnish economy vulnerable to external influences; this vulnerability is accentuated by the country’s reliance...

Fiscal Consolidation and Public Wages

Fiscal Consolidation and Public Wages »

Source: Fiscal Consolidation and Public Wages

Volume/Issue: 2019/125

Series: IMF Working Papers

Author(s): Juin-Jen Chang , Hsieh-Yu Lin , Nora Traum , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2019

ISBN: 9781498316835

Keywords: Public sector wages, Real interest rates, Income tax revenue, Wage policy, Consumption taxes, public wage, fiscal consolidation, government spending, fiscal policy, New Keynesian model

A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the t...

Fiscal Monitor, April 2019
			: Curbing Corruption

Fiscal Monitor, April 2019 : Curbing Corruption »

Series: Fiscal Monitor

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

DOI: http://dx.doi.org/10.5089/9781498302180.089

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

This report discusses fiscal policies to prepare for the next downturn and foster long-term inclusive growth by adapting to changing demographics, advancing technology, and deepening global integration. It also cov...

Fiscal Monitor, October 2014
			: Back to Work:  How Fiscal Policy Can Help

Fiscal Monitor, October 2014 : Back to Work: How Fiscal Policy Can Help »

Series: Fiscal Monitor

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2014

DOI: http://dx.doi.org/10.5089/9781498375702.089

ISBN: 9781498375702

Keywords: employment, labor market, fiscal policy, unemployment, labor force

At a time when job creation tops the policy agenda globally, this issue of the Fiscal Monitor explores if and how fiscal policy can do more for jobs. It finds that while fiscal policy cannot substitute for compreh...

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

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

DOI: http://dx.doi.org/10.5089/9781616353919.089

ISBN: 9781616353919

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

With growth weakening in many parts of the world and downside risks on the rise, fiscal consolidation remains challenging. However, considerable progress has been made in strengthening fiscal accounts following the...

Front Matter

Front Matter »

Source: Fiscal Monitor, April 2019 : Curbing Corruption

Series: Fiscal Monitor

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

This report discusses fiscal policies to prepare for the next downturn and foster long-term inclusive growth by adapting to changing demographics, advancing technology, and deepening global integration. It also cov...