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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...

The Global Economic Recovery 10 Years After the 2008 Financial Crisis

The Global Economic Recovery 10 Years After the 2008 Financial Crisis »

Source: The Global Economic Recovery 10 Years After the 2008 Financial Crisis

Volume/Issue: 2019/83

Series: IMF Working Papers

Author(s): Wenjie Chen , Mico Mrkaic , and Malhar Nabar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2019

ISBN: 9781498305426

Keywords: Supply and demand, Public sector borrowing requirements, Negative interest rates, Bank credit, Central banks, Financial crisis, GDP trend, output deviations, employment deviations, bank crisis

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis i...

GOVERNMENT OF ANTIGUA AN BARBUDA ARTICLE IV MISSION 2005: STATEMENT BY THE GOVERNMENT OF ANTIGUA AND BARBUDA ON THE IMF STAFF REPORT

GOVERNMENT OF ANTIGUA AN BARBUDA ARTICLE IV MISSION 2005: STATEMENT BY THE GOVERNMENT OF ANTIGUA AND BARBUDA ON THE IMF STAFF REPORT »

Source: Antigua and Barbuda : Staff Report for the 2005 Article IV Consultation

Volume/Issue: 2006/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2006

ISBN: 9781451801866

Keywords: debt, interest, interest rate, public sector debt

This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in...

Government Of Antigua And Barbuda Article IV Mission 2006: Statement By The Government Of Antigua And Barbuda On The Imf Staff Report

Government Of Antigua And Barbuda Article IV Mission 2006: Statement By The Government Of Antigua And Barbuda On The Imf Staff Report »

Source: Antigua and Barbuda : 2006 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Antigua and Barbuda

Volume/Issue: 2007/238

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2007

ISBN: 9781451801897

Keywords: debt, interest, public sector, interest rate, external debt

The staff report for the 2006 Article IV Consultation on Antigua and Barbuda highlights the economic backdrop and outlook for restoring sound public finances. The government of Antigua and Barbuda has adopted an am...

IMF Approves Augmentation of Turkey’s Stand-By Credit to US$19 Billion

IMF Approves Augmentation of Turkey’s Stand-By Credit to US$19 Billion »

Source: Turkey : Sixth and Seventh Review Under the Stand-By Arrangement; Staff Supplement; and Press Release on the Executive Board Discussion

Volume/Issue: 2001/89

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2001

ISBN: 9781451838022

Keywords: debt, interest, interest rates, public sector, budget

Turkey showed good macroeconomic performance under the Stand-By Arrangement. Executive Directors stressed the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciate...

IMF Approves US$1.15 Billion Tranche to Turkey under Stand-By Credit

IMF Approves US$1.15 Billion Tranche to Turkey under Stand-By Credit »

Source: Turkey : Second Review Under the Stand-By Arrangement-Staff Report; Staff Statement; News Brief on the Executive Board Discussion; and Statement by the Authorities of Turkey

Volume/Issue: 2002/229

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2002

ISBN: 9781451838121

Keywords: debt, public sector, interest, budget, interest rates

This paper evaluates Turkey's Second Review Under the Stand-By Arrangement (SBA). Since the completion of the Article IV Consultation and the first review in April 2002, macroeconomic policies have remained in line...

IMF Approves US$1.5 Billion Tranche Under Stand-By Credit to Turkey

IMF Approves US$1.5 Billion Tranche Under Stand-By Credit to Turkey »

Source: Turkey : Eighth Review Under the Stand-By Arrangement-Staff Report; Staff Statement; and News Brief on the Executive Board Discussion

Volume/Issue: 2001/137

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2001

ISBN: 9781451838060

Keywords: debt, interest, public sector, budget, interest rates

The momentum in economic reform and disinflation has been maintained by Turkey under the Stand-By Arrangement (SBA). Executive Directors commended the financial sector reform, the achievements in restructuring the...

IMF Completes Eighth Review Under Stand-By Arrangement with Turkey and Approves US$661 Million Disbursement

IMF Completes Eighth Review Under Stand-By Arrangement with Turkey and Approves US$661 Million Disbursement »

Source: Turkey : 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion-Staff Reports; Staff Supplement; Public Information Notice and Press Release of the Executive Board Discussion; and Statement by the Executive Director for Turkey

Volume/Issue: 2005/163

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2005

ISBN: 9781451838145

Keywords: debt, interest, interest rates, external debt, public sector

This paper examines Turkey's 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion. Economic performance over the last three...

IMF Completes Fifth Review of Turkey’s Stand-By Arrangement, Approves Request for Extension of Repurchase Expectations

IMF Completes Fifth Review of Turkey’s Stand-By Arrangement, Approves Request for Extension of Repurchase Expectations »

Source: Turkey : Fifth Review Under the Stand-By Arrangement, Request for Waiver of Performance Criteria and Extension of Repurchase Expectations-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

Volume/Issue: 2003/324

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 October 2003

ISBN: 9781451838046

Keywords: debt, interest, public sector, budget, interest rate

Turkey showed strong implementation of macroeconomic policies and economic reforms under the Stand-By Arrangement (SBA). Executive Directors commended the disinflation, debt reduction, and sustained economic growt...

IMF Concludes 2004 Article IV Consultation with Antigua and Barbuda

IMF Concludes 2004 Article IV Consultation with Antigua and Barbuda »

Source: Antigua and Barbuda : Staff Report for the 2004 Article IV Consultation

Volume/Issue: 2004/367

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2004

ISBN: 9781451801842

Keywords: debt, interest, public sector, external debt, interest rate

Antigua and Barbuda's 2004 Article IV Consultation reports that growth has strengthened since mid-2003 owing to a rebound in tourism, but fiscal imbalances remain large, the debt stock is high, and arrears continue...