Browse

You are looking at 1 - 10 of 22 items :

  • IMF Working Papers x
  • Keywords: fiscal policy x
Clear All
Fiscal Consolidation and the Cost of Credit

Fiscal Consolidation and the Cost of Credit »

Source: Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans

Volume/Issue: 2013/36

Series: IMF Working Papers

Author(s): Senay Agca , and Deniz Igan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

ISBN: 9781475564440

Keywords: cost of credit, loan spreads, fiscal consolidations, spending cuts, fiscal policy, Firm, General,

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Source: Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...

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...

A Modern History of Fiscal Prudence and Profligacy

A Modern History of Fiscal Prudence and Profligacy »

Volume/Issue: 2013/5

Series: IMF Working Papers

Author(s): Paolo Mauro , Rafael Romeu , Ariel Binder , and Asad Zaman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2013

DOI: http://dx.doi.org/10.5089/9781616357825.001

ISBN: 9781616357825

Keywords: fiscal balance, fiscal policy response, fiscal prudence, Deficit,

We draw on a newly collected historical dataset of fiscal variables for a large panel of countries-to our knowledge, the most comprehensive database currently available-to gauge the degree of fiscal prudence or pro...

Fiscal Consolidation and the Cost of Credit
			: Evidence from Syndicated Loans

Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans »

Volume/Issue: 2013/36

Series: IMF Working Papers

Author(s): Senay Agca , and Deniz Igan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

DOI: http://dx.doi.org/10.5089/9781475564440.001

ISBN: 9781475564440

Keywords: cost of credit, loan spreads, fiscal consolidations, spending cuts, fiscal policy, Firm, General,

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936464.001

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...

Fiscal Policy and Growth in the Context of European Integration

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

DOI: http://dx.doi.org/10.5089/9781451855487.001

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...

On the Determinants of Fiscal Non-Compliance
			: An Empirical Analysis of Spain's Regions

On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions »

Volume/Issue: 2017/5

Series: IMF Working Papers

Author(s): Mar Delgado-Téllez , Victor Lledo , and Javier Pérez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2017

DOI: http://dx.doi.org/10.5089/9781475569841.001

ISBN: 9781475569841

Keywords: Regional economics, State taxation, Fiscal policy, Europe, Spain, Fiscal compliance, rules, fiscal federalism, soft budget constraints, Forecasts of Budgets

This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance with fiscal deficit targets on the basis of economic, institutional, and political factors. The framework is appli...

Policy Analysis and Forecasting in the  World Economy
			: A Panel Unobserved Components Approach

Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach »

Volume/Issue: 2012/149

Series: IMF Working Papers

Author(s): Francis Vitek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504187.001

ISBN: 9781475504187

Keywords: Monetary policy analysis, Fiscal policy analysis, Spillover analysis, World economy, Panel unobserved components model, Bayesian econometrics, inflation, domestic demand, terms of trade, price inflation

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a...

Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields

Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields »

Volume/Issue: 2011/210

Series: IMF Working Papers

Author(s): Emre Alper , and Lorenzo Forni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781463902209.001

ISBN: 9781463902209

Keywords: long-term real rates, domestic debt, debt ratio, real rates, inflation, Duration Analysis, Fiscal Policies and Behavior of Economic Agents: General,

Several models establish a positive association between public debt ratios and long-term real yields, but the empirical evidence is not always conclusive. We reconsider this issue, focusing in particular on possibl...