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Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

Are All Summary Indicators of the Stance of Fiscal Policy Misleading? »

Source: Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

Volume/Issue: 1988/112

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1988

ISBN: 9781451944501

Keywords: fiscal policy, expenditure, fiscal impulse, expenditures, fiscal stance

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1 »

Source: Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

DSGE Modeling at the Fund

DSGE Modeling at the Fund »

Source: DSGE Modeling at the Fund : Applications and Further Developments

Volume/Issue: 2007/200

Series: IMF Working Papers

Author(s): Dennis Botman , David Rose , Douglas Laxton , and Philippe Karam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867640

Keywords: Model construction, open-economy macroeconomics, international policy transmission, monetary and fiscal policies, monetary fund, inflation,

Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of...

Financial Stability and Fiscal Crises in a Monetary Union

Financial Stability and Fiscal Crises in a Monetary Union »

Source: Financial Stability and Fiscal Crises in a Monetary Union

Volume/Issue: 2001/200

Series: IMF Working Papers

Author(s): Samir Jahjah

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451874358

Keywords: central bank, monetary union, fiscal policy, International Monetary Arrangements and Institutions, National Budget, Deficit, and Debt: General,

The main tasks of central banks are to secure price and financial stability. These objectives can, in times of crises, conflict with one another, and the central bank may have to renounce one of them in order to se...

Fiscal Policy and Growth in the Context of European Integration

Fiscal Policy and Growth in the Context of European Integration »

Source: Fiscal Policy and Growth in the Context of European Integration

Volume/Issue: 2000/133

Series: IMF Working Papers

Author(s): Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855487

Keywords: fiscal federalism, tax competition, tax rates, fiscal policies, pension, pensions

The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiari...

Fiscal Policy and the Current Account

Fiscal Policy and the Current Account »

Source: Fiscal Policy and the Current Account

Volume/Issue: 2010/121

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

ISBN: 9781455200801

Keywords: fiscal policy, external imbalances, current account, exchange rate, fiscal balance, government spending, budget balance

This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis o...

Fiscal Policy, the Real Exchange Rate and Commodity Prices

Fiscal Policy, the Real Exchange Rate and Commodity Prices »

Source: Fiscal Policy, the Real Exchange Rate and Commodity Prices

Volume/Issue: 1990/91

Series: IMF Working Papers

Author(s): Carmen Reinhart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1990

ISBN: 9781451851434

Keywords: exchange rate, real exchange rate, government spending, fiscal policies

The role of the international commodity market in transmitting disturbances is considered in a model that incorporates commodities as an input in production. The analysis employs a three-country framework: a liquid...

How to Improve Inflation Targeting in Canada

How to Improve Inflation Targeting in Canada »

Source: How to Improve Inflation Targeting in Canada

Volume/Issue: 2016/192

Series: IMF Working Papers

Author(s): Maurice Obstfeld , Kevin Clinton , Ondra Kamenik , Douglas Laxton , Yulia Ustyugova , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2016

ISBN: 9781475541298

Keywords: Canada; inflation targeting; monetary policy; fiscal policy

Routine publication of the forecast path for the policy interest rate (i.e. 'conventional forward guidance') would improve the transparency of monetary policy. It would also improve policy effectiveness through its...

Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

Are All Summary Indicators of the Stance of Fiscal Policy Misleading? »

Volume/Issue: 1988/112

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1988

DOI: http://dx.doi.org/10.5089/9781451944501.001

ISBN: 9781451944501

Keywords: fiscal policy, expenditure, fiscal impulse, expenditures, fiscal stance

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries »

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

DOI: http://dx.doi.org/10.5089/9781484390054.001

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...