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Choosing a Budget Management System

Choosing a Budget Management System »

Source: Choosing a Budget Management System : The Case of Rwanda

Volume/Issue: 2004/132

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451855418

Keywords: budget system, public management, Constitution, budget law, budget management, annual budget, budget process, budget execution, Structure, Scope

Rwanda is making important choices concerning budget processes. A program-oriented budget framework is now used. A new Constitution, adopted in May 2003, has made some important choices concerning the public manage...

Fiscal Constraints of a Fixed Exchange Rate Regime

Fiscal Constraints of a Fixed Exchange Rate Regime »

Source: Fiscal Constraints of a Fixed Exchange Rate Regime

Volume/Issue: 1989/107

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 1989

ISBN: 9781451946680

Keywords: exchange rate, fiscal policy, hard currency, exchange rates, fixed exchange rate

The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective cons...

Government Debt Issuance in the Euro Area

Government Debt Issuance in the Euro Area »

Source: Government Debt Issuance in the Euro Area : The Impact of the Financial Crisis

Volume/Issue: 2011/21

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211944

Keywords: sovereign debt management, inflation, government debt, foreign currency, debt stock, International Lending and Debt Problems, International Finance: Other, Fiscal Policies and Behavior of Economic Agents: General,

This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 20...

Choosing a Budget Management System
			: The Case of Rwanda

Choosing a Budget Management System : The Case of Rwanda »

Volume/Issue: 2004/132

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

DOI: http://dx.doi.org/10.5089/9781451855418.001

ISBN: 9781451855418

Keywords: budget system, public management, Constitution, budget law, budget management, annual budget, budget process, budget execution, Structure, Scope

Rwanda is making important choices concerning budget processes. A program-oriented budget framework is now used. A new Constitution, adopted in May 2003, has made some important choices concerning the public manage...

Fiscal Constraints of a Fixed Exchange Rate Regime

Fiscal Constraints of a Fixed Exchange Rate Regime »

Volume/Issue: 1989/107

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 1989

DOI: http://dx.doi.org/10.5089/9781451946680.001

ISBN: 9781451946680

Keywords: exchange rate, fiscal policy, hard currency, exchange rates, fixed exchange rate

The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective cons...

Government Debt Issuance in the Euro Area
			: The Impact of the Financial Crisis

Government Debt Issuance in the Euro Area : The Impact of the Financial Crisis »

Volume/Issue: 2011/21

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

DOI: http://dx.doi.org/10.5089/9781455211944.001

ISBN: 9781455211944

Keywords: sovereign debt management, inflation, government debt, foreign currency, debt stock, International Lending and Debt Problems, International Finance: Other, Fiscal Policies and Behavior of Economic Agents: General,

This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 20...

Politically Optimal Fiscal Policy

Politically Optimal Fiscal Policy »

Volume/Issue: 2007/68

Series: IMF Working Papers

Author(s): Irina Yakadina , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

DOI: http://dx.doi.org/10.5089/9781451866322.001

ISBN: 9781451866322

Keywords: Optimal Fiscal Policy, Incomplete Asset Markets, Government Debt Bias, taxation, government spending, equation, equations, Fiscal Policies and Behavior of Economic Agents: Other,

Why do governments issue large amounts of debt? In what sense and for whom is such a policy optimal? We show that twisting the optimal taxation paradigm produces very reasonable predictions for debt and real intere...

Public Pension Reform
			: A Primer

Public Pension Reform : A Primer »

Volume/Issue: 2007/28

Series: IMF Working Papers

Author(s): Alain Jousten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

DOI: http://dx.doi.org/10.5089/9781451865929.001

ISBN: 9781451865929

Keywords: household behavior, welfare programs, demographic trends, pension, social insurance, Fiscal Policies and Behavior of Economic Agents: Household, National Government Expenditures and Welfare Programs, Social Security and Public Pensions,

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal R...

Strengthening Post-Crisis Fiscal Credibility
			: Fiscal Councils on the Rise - A New Dataset

Strengthening Post-Crisis Fiscal Credibility : Fiscal Councils on the Rise - A New Dataset »

Volume/Issue: 2014/58

Series: IMF Working Papers

Author(s): Xavier Debrun , and Tidiane Kinda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2014

DOI: http://dx.doi.org/10.5089/9781475516135.001

ISBN: 9781475516135

Keywords: Credibility of fiscal policy, fiscal councils, forecast errors, fiscal council, fiscal institutions,

Institutions aimed at constraining policy discretion to promote sound fiscal policies are once again at the forefront of the policy debate. Interest in 'fiscal councils,' independent watchdogs active in the public...

That Squeezing Feeling
			: The Interest Burden and Public Debt Stabilization

That Squeezing Feeling : The Interest Burden and Public Debt Stabilization »

Volume/Issue: 2013/125

Series: IMF Working Papers

Author(s): Xavier Debrun , and Tidiane Kinda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

DOI: http://dx.doi.org/10.5089/9781484321737.001

ISBN: 9781484321737

Keywords: interest payments, fiscal reaction, fiscal policy, fiscal reaction function, government revenue, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, Deficit,

The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure solvency. The empirical...