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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.

How Do Fiscal and Labor Policies in France Affect Inequality?

How Do Fiscal and Labor Policies in France Affect Inequality? »

Source: How Do Fiscal and Labor Policies in France Affect Inequality?

Volume/Issue: 2016/41

Series: IMF Working Papers

Author(s): Raphael Espinoza , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2016

ISBN: 9781513515960

Keywords: redistribution, market income inequality, labor market policies, fiscal policies, labor, unemployment, minimum wage, workers, income distribution, Personal Income and Wealth Distribution

This paper explores the impact of fiscal and labor market policies on efficiency, inequality, and fiscal outcomes in France. We extend the general equilibrium model calibrated for France by Alla and others (2015),...

How Does Taxation Affect Hours Worked in EU New Member States?

How Does Taxation Affect Hours Worked in EU New Member States? »

Source: How Does Taxation Affect Hours Worked in EU New Member States?

Volume/Issue: 2019/130

Series: IMF Working Papers

Author(s): Agustin Velasquez , and Svetlana Vtyurina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2019

ISBN: 9781498315708

Keywords: Tax revenue, Tax exemptions, Tax incentives, Tax rates, Fiscal policy, hours worked, labor supply, labor tax, consumption tax, EU new member states

Hours worked vary widely across countries and over time. In this paper, we investigate the role played by taxation in explaining these differences for EU New Member States. By extending a standard growth model with...

The Human Cost of Recessions

The Human Cost of Recessions »

Source: The Human Cost of Recessions : Assessing It, Reducing It

Volume/Issue: 2010/17

Series: IMF Staff Position Notes

Author(s): Mai Dao , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2010

ISBN: 9781462308163

Keywords: Developed countries, Cross country analysis, Economic recession, Emerging markets, Fiscal consolidation, Recessions, Human capital, Fiscal policy, Monetary policy, Labor markets

Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at present resulting from the Great Recession of 2007-09. We assess the human cost of increased un...

I Overview

I Overview »

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

There are instances when policymakers may have little option but to consider a sizable fiscal adjustment. In such circumstances, they may be confronted with questions such as, Can a large fiscal adjustment b...

6 Iceland

6 Iceland »

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

Iceland’s growth performance depends largely on unstable fish catches and world market prices for fish products, which are subject to sharp fluctuations. Despite substantial diversification of export product...

II Introduction

II Introduction »

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

This Occasional Paper describes the experience of countries that have undertaken large fiscal adjustments over the past three decades. It identifies preconditions, common policy approaches, and institutional...

III What Is a “Large” Fiscal Adjustment?

III What Is a “Large” Fiscal Adjustment? »

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

In this study, an episode of fiscal adjustment is defined as any year or succession of years of uninterrupted improvement in the fiscal primary balance. Data were assembled for the 165 countries, covering th...

IMF Concludes Article IV Consultation with Denmark

IMF Concludes Article IV Consultation with Denmark »

Source: Denmark : Staff Report for the 1999 Article IV Consultation

Volume/Issue: 1999/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 August 1999

ISBN: 9781451811032

Keywords: unemployment, employment, fiscal policy, public finances, tax rates

This 1999 Article IV Consultation highlights that the Danish economy continued to perform well in 1997-98. Real GDP growth of about 3 percent remained above potential and unemployment fell to 6 percent, less than h...

IMF Concludes 2001 Article IV Consultation with Ireland

IMF Concludes 2001 Article IV Consultation with Ireland »

Source: Ireland : Staff Report for the 2001 Article IV Consultation

Volume/Issue: 2001/139

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 2001

ISBN: 9781451818734

Keywords: wage, wages, fiscal policy, tax cuts, fiscal stance

The performance of the Irish economy has been impressive. The outlook is broadly favorable, but there are risks to achieving a smooth transition to a sustainable rate of growth. The government's reform of the tax s...

IMF Concludes Article IV Consultation with Ireland

IMF Concludes Article IV Consultation with Ireland »

Source: Ireland : Staff Report for the 1999 Article IV Consultation

Volume/Issue: 1999/87

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 1999

ISBN: 9781451818710

Keywords: wage, fiscal policy, wages, minimum wage, tax reductions

This 1999 Article IV Consultation highlights that Ireland's economic performance in recent years has been exceptionally strong. Output and employment have been growing much faster than in the rest of Europe. Real G...