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Fiscal Policy and Macroeconomic Stability

Fiscal Policy and Macroeconomic Stability »

Source: Fiscal Policy and Macroeconomic Stability : Automatic Stabilizers Work, Always and Everywhere

Volume/Issue: 2010/111

Series: IMF Working Papers

Author(s): Xavier Debrun , and Radhicka Kapoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

ISBN: 9781455200702

Keywords: Output stability, expenditure, discretionary fiscal policy, fiscal stabilization, cyclical fiscal policy,

The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government's ambivalent role as a shock absorber and a shock ind...

Government Size and Intersectoral Income Fluctuation

Government Size and Intersectoral Income Fluctuation »

Source: Government Size and Intersectoral Income Fluctuation : An International Panel Analysis

Volume/Issue: 2007/93

Series: IMF Working Papers

Author(s): Daehaeng Kim , and Chul-In Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866575

Keywords: Economic Uncertainty, Government Size, Openness to Trade, Stabilization, Intersectoral Income Fluctuation, equation, terms of trade, external shocks, open economy, equations

Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and g...

Fiscal Policy and Macroeconomic Stability
			: Automatic Stabilizers Work, Always and Everywhere

Fiscal Policy and Macroeconomic Stability : Automatic Stabilizers Work, Always and Everywhere »

Volume/Issue: 2010/111

Series: IMF Working Papers

Author(s): Xavier Debrun , and Radhicka Kapoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

DOI: http://dx.doi.org/10.5089/9781455200702.001

ISBN: 9781455200702

Keywords: Output stability, expenditure, discretionary fiscal policy, fiscal stabilization, cyclical fiscal policy,

The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government's ambivalent role as a shock absorber and a shock ind...

Government Size and Intersectoral Income Fluctuation
			: An International Panel Analysis

Government Size and Intersectoral Income Fluctuation : An International Panel Analysis »

Volume/Issue: 2007/93

Series: IMF Working Papers

Author(s): Daehaeng Kim , and Chul-In Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

DOI: http://dx.doi.org/10.5089/9781451866575.001

ISBN: 9781451866575

Keywords: Economic Uncertainty, Government Size, Openness to Trade, Stabilization, Intersectoral Income Fluctuation, equation, terms of trade, external shocks, open economy, equations

Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and g...

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...

Top-Down Budgeting-An Instrument to Strengthen Budget Management

Top-Down Budgeting-An Instrument to Strengthen Budget Management »

Volume/Issue: 2009/243

Series: IMF Working Papers

Author(s): Gösta Ljungman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

DOI: http://dx.doi.org/10.5089/9781451873900.001

ISBN: 9781451873900

Keywords: Top-down, budget institutions, policy prioritization, expenditure, budget process, fiscal policy, total expenditure, expenditure level,

This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these lines. The paper a...

Macroeconomic Management and the Devolution of Fiscal Powers

Macroeconomic Management and the Devolution of Fiscal Powers »

Volume/Issue: 2002/76

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

DOI: http://dx.doi.org/10.5089/9781451849882.001

ISBN: 9781451849882

Keywords: fiscal policies, state and local government, intergovernmental relations, local governments, local government, fiscal decentralization, fiscal devolution, tax revenue,

Several of the transition economies are devolving fiscal authority to subnational governments at a time when it is also important to consolidate fiscal policy. This can be problematic because, without appropriate c...

Macroeconomic Management and the Devolution of Fiscal Powers

Macroeconomic Management and the Devolution of Fiscal Powers »

Source: Macroeconomic Management and the Devolution of Fiscal Powers

Volume/Issue: 2002/76

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849882

Keywords: fiscal policies, state and local government, intergovernmental relations, local governments, local government, fiscal decentralization, fiscal devolution, tax revenue,

Several of the transition economies are devolving fiscal authority to subnational governments at a time when it is also important to consolidate fiscal policy. This can be problematic because, without appropriate c...

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 »

Source: 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

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...

Top-Down Budgeting-An Instrument to Strengthen Budget Management

Top-Down Budgeting-An Instrument to Strengthen Budget Management »

Source: Top-Down Budgeting-An Instrument to Strengthen Budget Management

Volume/Issue: 2009/243

Series: IMF Working Papers

Author(s): Gösta Ljungman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

ISBN: 9781451873900

Keywords: Top-down, budget institutions, policy prioritization, expenditure, budget process, fiscal policy, total expenditure, expenditure level,

This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these lines. The paper a...