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4 Addressing the Procyclical Bias

4 Addressing the Procyclical Bias »

Source: Promoting Fiscal Discipline

Series: Books

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

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

Since political economy factors are an important determinant of procyclicality of policies, measures to contain the misuse of fiscal policy discretion can be benefic...

An Assessment of Fiscal Rules in the United Kingdom

An Assessment of Fiscal Rules in the United Kingdom »

Source: An Assessment of Fiscal Rules in the United Kingdom

Volume/Issue: 2001/91

Series: IMF Working Papers

Author(s): Michael Kell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2001

ISBN: 9781451851519

Keywords: intergenerational equity, fiscal stability, fiscal stance, National Deficit Surplus,

The paper assesses the United Kingdom's golden rule and debt rule against "ideal characteristics" of fiscal rules. It concludes that they are clearly defined; transparent in institutional arrangements and measureme...

Bhutan

Bhutan »

Source: Bhutan : Poverty Reduction Strategy Paper-Joint Staff Advisory Note

Volume/Issue: 2010/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2010

ISBN: 9781455207398

Keywords: poverty reduction strategy, poverty reduction strategy paper, fiscal deficit, household income, Bhuta,

The overarching objective of Bhutan's Tenth Five-Year Plan (10FYP)-which is also the Royal Government of Bhutan's Poverty Reduction Strategy Paper (PRSP)-is to sustain this trajectory and reduce poverty further. Po...

Bosnia and Herzegovina

Bosnia and Herzegovina »

Source: Bosnia and Herzegovina : Poverty Reduction Strategy Paper-Mid-Term Development Strategy-Joint Staff Assessment

Volume/Issue: 2005/182

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 June 2005

ISBN: 9781451804881

Keywords: fiscal reform, poverty reduction strategy, poverty reduction strategy paper, fiscal stance, formal sector

Bosnia and Herzegovina's Poverty Reduction Strategy paper reports that significant progress has been made since the late 1990s in building both a market economy and a single economic space. GDP growth has slowed re...

Cape Verde

Cape Verde »

Source: Cape Verde : Growth and Poverty Reduction Strategy Paper II (2008-11) Joint Staff Advisory Note

Volume/Issue: 2008/244

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2008

ISBN: 9781451809497

Keywords: poverty reduction strategy, poverty reduction strategy paper, fiscal policy, decentralization, financial management

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper-II for Cape Verde. Important progress was made in poverty reduction, but rural poverty still remains high. The strategy reports that Ca...

Chad

Chad »

Source: Chad : Poverty Reduction Strategy Paper

Volume/Issue: 2003/209

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2003

ISBN: 9781451836400

Keywords: per, expenditure, poverty reduction strategy, fiscal policy, poverty line

The national poverty reduction strategy (NPRS) is the concrete manifestation of the government's commitment with respect to Chad's eligibility under the enhanced highly indebted poor countries (EHIPC) initiative. T...

3 Cyclicality of Fiscal Policy

3 Cyclicality of Fiscal Policy »

Source: Promoting Fiscal Discipline

Series: Books

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

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

Although some debate on the feasibility and effectiveness of fiscal policy in stabilizing output fluctuations continues, there is little disagreement that, as a rule...

Deep Roots of Fiscal Behavior

Deep Roots of Fiscal Behavior »

Source: 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

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...

Designing a Fiscal Framework for a Prospective Commodity Producer

Designing a Fiscal Framework for a Prospective Commodity Producer »

Source: Designing a Fiscal Framework for a Prospective Commodity Producer : Options for Lebanon

Volume/Issue: 2014/193

Series: IMF Working Papers

Author(s): Mariusz Jarmuzek , Diego Mesa Puyo , and Najla Nakhle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2014

ISBN: 9781484346143

Keywords: oil-producing countries, resource revenue management, accountability, fiscal regime, fiscal stance, fiscal sustainability, Institutions and the Macroeconomy, Structure and Scope of Government, General,

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon's economy and institutions will thus need to adapt to...

2 Discretion, Institutions, and Fiscal Discipline

2 Discretion, Institutions, and Fiscal Discipline »

Source: Promoting Fiscal Discipline

Series: Books

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

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

Economic analysis has long recognized that policymakers, particularly in the fiscal domain, act quite rationally according to specific incentives, including reelecti...