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Assessing Fiscal Risks in Bangladesh

Assessing Fiscal Risks in Bangladesh »

Source: Assessing Fiscal Risks in Bangladesh

Volume/Issue: 2015/110

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2015

ISBN: 9781513551081

Keywords: exchange rate, fiscal risks, guarantees, debt, exchange, liabilities, Forecasts of Budgets, Deficits, and Debt, guarantees.,

This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rat...

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel »

Source: Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Volume/Issue: 2013/159

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , and Sergio Sola

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

ISBN: 9781484394502

Keywords: Real time data, Cross-sectional dependence, Heterogeneous panels, public debt, fiscal stance, budget deficits, fiscal variables, General, International Policy Coordination and Transmission, Globalization: Macroeconomic Impacts

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset...

Getting the Dog to Bark

Getting the Dog to Bark »

Source: Getting the Dog to Bark : Disclosing Fiscal Risks from the Financial Sector

Volume/Issue: 2015/208

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

ISBN: 9781513507736

Keywords: Implicit guarantees, fiscal risks, financial crisis, budget reports, guarantees, debt, liabilities, Forecasts of Budgets, Deficits, and Debt,

Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Source: Growth Forecast Errors and Fiscal Multipliers

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

When Should Public Debt Be Reduced?

When Should Public Debt Be Reduced? »

Volume/Issue: 2015/10

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , Atish Ghosh , and Raphael Espinoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2015

DOI: http://dx.doi.org/10.5089/9781498379205.006

ISBN: 9781498379205

Keywords: Economic growth, Public investment, Public debt, debt, investment, financial crisis, Forecasts of Budgets, Deficits, and Debt,

What considerations should guide public debt policy going forward? Should debt be reduced to achieve normative anchors (such as 60 percent of GDP), should it be increased further to finance a big public investment...

Assessing Fiscal Risks in Bangladesh

Assessing Fiscal Risks in Bangladesh »

Volume/Issue: 2015/110

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2015

DOI: http://dx.doi.org/10.5089/9781513551081.001

ISBN: 9781513551081

Keywords: exchange rate, fiscal risks, guarantees, debt, exchange, liabilities, Forecasts of Budgets, Deficits, and Debt, guarantees.,

This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rat...

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel »

Volume/Issue: 2013/159

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , and Sergio Sola

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781484394502.001

ISBN: 9781484394502

Keywords: Real time data, Cross-sectional dependence, Heterogeneous panels, public debt, fiscal stance, budget deficits, fiscal variables, General, International Policy Coordination and Transmission, Globalization: Macroeconomic Impacts

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset...

Getting the Dog to Bark
			: Disclosing Fiscal Risks from the Financial Sector

Getting the Dog to Bark : Disclosing Fiscal Risks from the Financial Sector »

Volume/Issue: 2015/208

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

DOI: http://dx.doi.org/10.5089/9781513507736.001

ISBN: 9781513507736

Keywords: Implicit guarantees, fiscal risks, financial crisis, budget reports, guarantees, debt, liabilities, Forecasts of Budgets, Deficits, and Debt,

Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

DOI: http://dx.doi.org/10.5089/9781475576443.001

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

Tax Buoyancy in OECD Countries

Tax Buoyancy in OECD Countries »

Volume/Issue: 2014/110

Series: IMF Working Papers

Author(s): Vincent Belinga , Dora Benedek , Ruud A. Mooij , and John Norregaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2014

DOI: http://dx.doi.org/10.5089/9781498305075.001

ISBN: 9781498305075

Keywords: Tax buoyancy, Error Correction Model, total tax revenue, tax revenues, Forecasts of Budgets, Deficits, and Debt,

By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run t...