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Glossary

Glossary »

Source: 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

ISBN: 9781616353919

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

Automatic stabilizers Budgetary measures that dampen fluctuation in real GDP, automatically triggered by the tax code and by spending rules....

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: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

In recent decades, France, Germany, Italy, and Spain—along with most industrial countries—witnessed a sharp rise in the size of government and a large accumulation of public debt. While the latt...

II Fiscal Policy and the Fiscal Framework in France, Germany, Italy, and Spain

II Fiscal Policy and the Fiscal Framework in France, Germany, Italy, and Spain »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Fiscal Policy in Practice: An Overview To identify some of the shortcomings that fiscal rules may seek to address, this section provides an overview of how fiscal policy has been con...

III Fiscal Rules: Issues and Experiences

III Fiscal Rules: Issues and Experiences »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Rules constrain policymakers’ autonomy in policy decisions. But what is the justification for limiting discretion in fiscal policy? While recognizing that history, tradition, and preferences—in addition to e...

IMF Executive Board Discusses the Monetary and Exchange Rate Policies of the Euro Area

IMF Executive Board Discusses the Monetary and Exchange Rate Policies of the Euro Area »

Source: Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement on EU Trade Policies; Public Information Notice Following Consultation; Two Statements by Representative on the IMF Executive Board for France, on Behalf of Euro-Area and EU Members

Volume/Issue: 2000/146

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2000

ISBN: 9781451812961

Keywords: exchange rate, fiscal policies, price stability, interest rates, labor markets

For the time being-and possibly for a considerable time to come-developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive p...

Spain
			: Selected Issues

Spain : Selected Issues »

Volume/Issue: 2003/41

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2003

DOI: http://dx.doi.org/10.5089/9781451812091.002

ISBN: 9781451812091

Keywords: fiscal policy, expenditures, expenditure, public spending, composition of public spending

This Selected Issues paper analyzes the conduct of fiscal policy in Spain, made topical by the entry into effect of the Budgetary Stability Law in 2003. This law, along with the new permanent financing arrangements...

Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement on EU Trade Policies; Public Information Notice Following Consultation; Two Statements by Representative on the IMF Executive Board for France, on Behalf of Euro-Area and EU Members

Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement on EU Trade Policies; Public Information Notice Following Consultation; Two Statements by Representative on the IMF Executive Board for France, on Behalf of Euro-Area and EU Members »

Volume/Issue: 2000/146

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2000

DOI: http://dx.doi.org/10.5089/9781451812961.002

ISBN: 9781451812961

Keywords: exchange rate, fiscal policies, price stability, interest rates, labor markets

For the time being-and possibly for a considerable time to come-developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive p...

Dealing with High Debt in an Era of Low Growth

Dealing with High Debt in an Era of Low Growth »

Volume/Issue: 2013/7

Series: Staff Discussion Notes

Author(s): S. M. Ali Abbas , Bernardin Akitoby , Jochen Andritzky , Helge Berger , Takuji Komatsuzaki , and Justin Tyson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2013

DOI: http://dx.doi.org/10.5089/9781484316139.006

ISBN: 9781484316139

Keywords: Debt strategy, Debt reduction, Developed countries, Fiscal policy, Fiscal reforms, Monetary policy, Privatization, Public debt, General Government Debt, Public Debt Sustainability

task has become particularly challenging in European advanced economies where expectations of low growth and limits to monetary policy support are shifting the burden of adjustment onto fiscal consolidation. The SD...

Lifting Euro Area Growth
			: Priorities for Structural Reforms and Governance

Lifting Euro Area Growth : Priorities for Structural Reforms and Governance »

Volume/Issue: 2010/19

Series: IMF Staff Position Notes

Author(s): Luc Everaert , and Céline Allard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2010

DOI: http://dx.doi.org/10.5089/9781462302109.004

ISBN: 9781462302109

Keywords: Cross country analysis, Economic growth, Euro Area, Europe, Financial sector, Political economy, Services sector, Labor markets, Labor market reforms, Governance

To live up to its growth potential and secure its inclusive social model, the euro area must make better use of its available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemploym...