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Finland
			: Selected Issues

Finland : Selected Issues »

Volume/Issue: 1999/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 1999

DOI: http://dx.doi.org/10.5089/9781451813197.002

ISBN: 9781451813197

Keywords: expenditure, employment, unemployment, expenditures, public expenditure

This Selected Issues paper outlines Finland's experience in the field of public expenditure policies, illustrates alternative medium-term approaches to fiscal policy, and discusses prospects for efficient expenditu...

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...

An Exploration of the Private Sector Response to Changes in Government Saving Across OECD Countries

An Exploration of the Private Sector Response to Changes in Government Saving Across OECD Countries »

Volume/Issue: 2001/69

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

DOI: http://dx.doi.org/10.5089/9781451849066.001

ISBN: 9781451849066

Keywords: intergenerational fiscal balance, Ricardian effects, expenditures, expenditure, fiscal adjustments, fiscal position, Integenerational Fiscal Balance,

Several recent papers have examined the response of national saving to changes in fiscal policy. This paper uses knowledge about the intergenerational fiscal position of a country to determine whether this informat...

Automatic Stabilizers and the Size of Government
			: Correcting a Common Misunderstanding

Automatic Stabilizers and the Size of Government : Correcting a Common Misunderstanding »

Volume/Issue: 2010/155

Series: IMF Working Papers

Author(s): Carlo Cottarelli , and Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455201389.001

ISBN: 9781455201389

Keywords: cyclical adjustment, expenditure, fiscal balances, budget balance, public spending, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, National Deficit Surplus, National Budget

The size of government is a commonly used variable in many analytical studies on the effects of fiscal policy. An accepted practice is to measure it as the ratio of government spending to GDP. However, this is not...

Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior

Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior »

Volume/Issue: 2004/54

Series: IMF Working Papers

Author(s): Ludger Schuknecht , and Albert Jaeger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

DOI: http://dx.doi.org/10.5089/9781451847543.001

ISBN: 9781451847543

Keywords: Boom-bust cycles, cyclical adjustment, deficit bias, fiscal balances, expenditure, fiscal balance, expenditure growth,

Boom and bust phases in asset prices have become a pervasive feature of macroeconomic developments in many advanced economies. This paper studies fiscal policy during boom-bust phases in asset prices and draws seve...

Aging
			: Some Pleasant Fiscal Arithmetic

Aging : Some Pleasant Fiscal Arithmetic »

Volume/Issue: 2005/71

Series: IMF Working Papers

Author(s): David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

DOI: http://dx.doi.org/10.5089/9781451860900.001

ISBN: 9781451860900

Keywords: OECD countries, public expenditure, expenditure, expenditure growth, total expenditure, National Government Expenditures and Related Policies,

Projections of age-related public expenditure growth have raised widespread concerns about fiscal sustainability. This paper examines how total expenditure would develop under four policy rules on public expenditur...

Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence »

Volume/Issue: 2011/158

Series: IMF Working Papers

Author(s): Daniel Leigh , Andrea Pescatori , and Jaime Guajardo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781455294695.001

ISBN: 9781455294695

Keywords: government expenditure, output fluctuations, fiscal adjustments, fiscal consolidations, budget deficit, Taxation, Subsidies, and Revenue: General, And Finance,

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fi...

Expenditure Ceilings-A Survey

Expenditure Ceilings-A Survey »

Volume/Issue: 2008/282

Series: IMF Working Papers

Author(s): Gösta Ljungman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

DOI: http://dx.doi.org/10.5089/9781451871401.001

ISBN: 9781451871401

Keywords: Expenditure ceilings, expenditure, expenditure ceiling, government expenditure,

This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, bu...

Fiscal Aspects of Bank Restructuring

Fiscal Aspects of Bank Restructuring »

Volume/Issue: 1997/52

Series: IMF Working Papers

Author(s): James Daniel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

DOI: http://dx.doi.org/10.5089/9781451847215.001

ISBN: 9781451847215

Keywords: Fiscal, Banks, Expenditure, Rescues, Restructuring, banking, recapitalization, bank assistance, bank restructuring, banking system

Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be as...

Fiscal Policy and Macroeconomic Stability
			: Automatic Stabilizers Work, Always and Everywhere

Fiscal Policy and Macroeconomic Stability : Automatic Stabilizers Work, Always and Everywhere »

Volume/Issue: 2010/111

Series: IMF Working Papers

Author(s): Xavier Debrun , and Radhicka Kapoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

DOI: http://dx.doi.org/10.5089/9781455200702.001

ISBN: 9781455200702

Keywords: Output stability, expenditure, discretionary fiscal policy, fiscal stabilization, cyclical fiscal policy,

The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government's ambivalent role as a shock absorber and a shock ind...