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The Golden Rule and the Economic Cycles*

The Golden Rule and the Economic Cycles* »

Source: The Golden Rule and the Economic Cycles

Volume/Issue: 2007/199

Series: IMF Working Papers

Author(s): Keiko Honjo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867633

Keywords: Golden rule, fiscal rule, procyclical fiscal policy, economic cycle, macroeconomic stability, fiscal balance, fiscal performance, public finances,

The present formulation of the golden rule in the United Kingdom allows fiscal performance to be tested explicitly on an ex-post basis. However, it requires precise dating of the economic cycle, which can lead to s...

Lessons from Successful Labor Market Reformers in Europe

Lessons from Successful Labor Market Reformers in Europe »

Volume/Issue: 2007/1

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451975352.003

ISBN: 9781451975352

Keywords: Fiscal adjustment, Europe, Employment, Labor supply, Labor market reforms, Political economy, Wage moderation, Wage bargaining, Tax reductions, labor market

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some...

Germany
			: Selected Issues and Statistical Appendix

Germany : Selected Issues and Statistical Appendix »

Volume/Issue: 1998/111

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 1998

DOI: http://dx.doi.org/10.5089/9781451810325.002

ISBN: 9781451810325

Keywords: fiscal policy, budget balance, fiscal stabilizers, fiscal position, fiscal deficit

This Selected Issues paper and Statistical Appendix analyzes Germany's past fiscal policy behavior and assesses the likely adjustments that would be necessary to bring future fiscal policy behavior in line with Eur...

Income Inequality and Fiscal Policy

Income Inequality and Fiscal Policy »

Volume/Issue: 2012/8

Series: Staff Discussion Notes

Author(s): David Coady , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2012

DOI: http://dx.doi.org/10.5089/9781475504828.006

ISBN: 9781475504828

Keywords: Fiscal consolidation, Developed countries, Developing countries, Fiscal policy, Government expenditures, Income inequality, Income distribution, Taxation, Unemployment, tax

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Deep Roots of Fiscal Behavior

Deep Roots of Fiscal Behavior »

Volume/Issue: 2014/45

Series: IMF Working Papers

Author(s): Serhan Cevik , and Katerina Teksoz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

DOI: http://dx.doi.org/10.5089/9781475516111.001

ISBN: 9781475516111

Keywords: fiscal reaction functions, fiscal policy volatility, budget balance, discretionary fiscal policy, fiscal reaction, primary budget balance, General, Deficit,

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990-2012. The empiri...

Fiscal Indulgence in Central Europe
			: Loss of the External Anchor

Fiscal Indulgence in Central Europe : Loss of the External Anchor »

Volume/Issue: 2004/62

Series: IMF Working Papers

Author(s): George Kopits , Helge Berger , and Istvan Szekely

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

DOI: http://dx.doi.org/10.5089/9781451848311.001

ISBN: 9781451848311

Keywords: EU economic and monetary union, game-theoretic approach, fiscal performance, fiscal stance, loose ? fiscal policy, fiscal behavior, National Budget, Deficit, and Debt: General, Game Theory and Bargaining Theory: General

In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU...

The Golden Rule and the Economic Cycles

The Golden Rule and the Economic Cycles »

Volume/Issue: 2007/199

Series: IMF Working Papers

Author(s): Keiko Honjo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

DOI: http://dx.doi.org/10.5089/9781451867633.001

ISBN: 9781451867633

Keywords: Golden rule, fiscal rule, procyclical fiscal policy, economic cycle, macroeconomic stability, fiscal balance, fiscal performance, public finances,

The present formulation of the golden rule in the United Kingdom allows fiscal performance to be tested explicitly on an ex-post basis. However, it requires precise dating of the economic cycle, which can lead to s...

Income Inequality and Fiscal Policy

Income Inequality and Fiscal Policy »

Source: Income Inequality and Fiscal Policy

Volume/Issue: 2012/8

Series: Staff Discussion Notes

Author(s): David Coady , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2012

ISBN: 9781475504828

Keywords: Fiscal consolidation, Developed countries, Developing countries, Fiscal policy, Government expenditures, Income inequality, Income distribution, Taxation, Unemployment, tax

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Lessons from Successful Labor Market Reformers in Europe

Lessons from Successful Labor Market Reformers in Europe »

Source: Lessons from Successful Labor Market Reformers in Europe

Volume/Issue: 2007/1

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451975352

Keywords: Fiscal adjustment, Europe, Employment, Labor supply, Labor market reforms, Political economy, Wage moderation, Wage bargaining, Tax reductions, labor market

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some...

Promoting Fiscal Discipline

Promoting Fiscal Discipline »

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

DOI: http://dx.doi.org/10.5089/9781589066090.071

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as devel...