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Appendix I Data and Definitions

Appendix I Data and Definitions »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

An adjustment episode is defined as any year or succession of years of uninterrupted improvement in the fiscal primary balance, and focuses on the consolidated central government (o...

Appendix II Large Fiscal Adjustment Episodes

Appendix II Large Fiscal Adjustment Episodes »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

Table A2.1. Large Fiscal Adjustment Episodes 1...

Appendix III Case Studies of Large Fiscal Adjustment

Appendix III Case Studies of Large Fiscal Adjustment »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

Thirteen case studies were prepared to supplement the empirical analysis. 19 The case studies offer further evidence about success and adjustment d...

Appendix IV Econometric Methodology

Appendix IV Econometric Methodology »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

The duration of fiscal consolidation can be expressed by a hazard function. A hazard function measures the probability that a fiscal consolidation will end in time period t, provide...

Appendix V Macroeconomic Impact of Fiscal Adjustment

Appendix V Macroeconomic Impact of Fiscal Adjustment »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

Figure A5.1. Event Studies: Key Macroeconomic Indicators (Annual percentage change, unless indicated otherwise)...

An Approach to Long-Term Fiscal Policy Analysis

An Approach to Long-Term Fiscal Policy Analysis »

Source: An Approach to Long-Term Fiscal Policy Analysis

Volume/Issue: 2004/113

Series: IMF Working Papers

Author(s): Papa N'Diaye , and Steven Dunaway

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451853735

Keywords: Population Aging, fiscal adjustment, fiscal pressures, expenditures, fiscal costs, National Government Expenditures and Health,

This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach...

Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana's Reliance on Diamond Revenue

Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana's Reliance on Diamond Revenue »

Source: Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana's Reliance on Diamond Revenue

Volume/Issue: 2008/80

Series: IMF Working Papers

Author(s): Olivier Basdevant

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869415

Keywords: permanent income hypothesis, diamond-related fiscal revenue, expenditure, fiscal revenue, government expenditure, fiscal rule, fiscal adjustment,

This study assesses the sustainability of Botswana’s diamond-related fiscal revenue. Diamond reserves are not adequate to generate enough permanent revenue to sustain a high level of expenditure. Under the c...

CHAPTER 5 Concluding Remarks

CHAPTER 5 Concluding Remarks »

Source: In the Wake of the Global Economic Crisis : Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland

Series: Departmental Papers / Policy Papers

Author(s): Thomson Fontaine , Dalmacio Benicio , Joannes Mongardini , Genevieve Verdier , and Gonzalo Pastor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781462343492

Keywords: expenditure, fiscal adjustment, spending cuts, government spending, tax increases

This paper has laid out the challenges of fiscal adjustment for BLNS countries, in the context of a substantial drop in SACU revenue. The need for fiscal adjustment is sizable, particularly in Lesotho and Sw...

Chapter 5: Economic Recovery and Growth

Chapter 5: Economic Recovery and Growth »

Source: Fiscal Adjustment in IMF-Supported Programs

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2003

ISBN: 9781589062740

Keywords: fiscal adjustment, expenditure, expenditures, fiscal policy, public expenditure

The pace of economic recovery under an IMF-supported program is an important determinant of the impact of a program on welfare and is, therefore, the focus of considerable attention. To the exte...

Chapter 3: Fiscal Adjustment as Presented in Program Documents and the Internal Review Process

Chapter 3: Fiscal Adjustment as Presented in Program Documents and the Internal Review Process »

Source: Fiscal Adjustment in IMF-Supported Programs

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2003

ISBN: 9781589062740

Keywords: fiscal adjustment, expenditure, expenditures, fiscal policy, public expenditure

In this chapter, we turn to program documents submitted to the Board to consider what light they shed on the rationale for and magnitude of the fiscal adjustment proposed in programs. We then ex...