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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...

Are Laws Needed for Public Management Reforms? An International Comparison

Are Laws Needed for Public Management Reforms? An International Comparison »

Source: Are Laws Needed for Public Management Reforms? An International Comparison

Volume/Issue: 2005/62

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860818

Keywords: public management, budget, law, decree, performance, civil servants, financial management, external audit, decentralization, budget systems

There has been widespread adoption of new laws to support new public management. In many countries that have implemented comprehensive and deep reforms, new or amended laws have fundamentally changed the role of th...

Budget Consolidation

Budget Consolidation »

Source: Budget Consolidation : Short-Term Pain and Long-Term Gain

Volume/Issue: 2010/163

Series: IMF Working Papers

Author(s): Douglas Laxton , Susanna Mursula , Kevin Clinton , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201464

Keywords: current account imbalances, tax reform, income taxes, consumption taxes, Open Economy Macroeconomics, International Policy Coordination and Transmission, Fiscal Policies and Behavior of Economic Agents: General,

The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a co...

Budgetary Transparency for Public Expenditure Control

Budgetary Transparency for Public Expenditure Control »

Source: Budgetary Transparency for Public Expenditure Control

Volume/Issue: 2001/8

Series: IMF Working Papers

Author(s): Franco Reviglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842517

Keywords: Public expenditure control, political systems and public expenditure reforms, taxation and unemployment, GSP implementation versus budgetary gimmicks, budgetary transparency in Italy, public expenditure, expenditure, fiscal constraints, expenditure management, fiscal policy

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changi...

Central Banks Quasi-Fiscal Policies and Inflation

Central Banks Quasi-Fiscal Policies and Inflation »

Source: Central Banks Quasi-Fiscal Policies and Inflation

Volume/Issue: 2012/14

Series: IMF Working Papers

Author(s): Seok Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931193

Keywords: Central bank&;amp;#x2019;s balance sheet, Fiscal theory of price level, Quasi-fiscal policy, central bank, fiscal authority,

Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper...

The Challenge of Fiscal Decentralization in Transition Countries

The Challenge of Fiscal Decentralization in Transition Countries »

Source: The Challenge of Fiscal Decentralization in Transition Countries

Volume/Issue: 2002/103

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Paul Wade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2002

ISBN: 9781451852707

Keywords: fiscal reform, transition, decentralization, subnational governments, intergovernmental fiscal, intergovernmental fiscal relations, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macro...

Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century1

Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century1 »

Source: Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century

Volume/Issue: 2005/91

Series: IMF Working Papers

Author(s): Peter Heller , and David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861105

Keywords: fiscal frameworks, expenditure, expenditures, government expenditure, fiscal policy, expenditure categories, National Government Expenditures and Related Policies, National Budget, Deficit, and Debt,

A number of uncertainties about long-term expenditure commitments in industrial countries are examined: (i) the assumptions underlying the projections, (ii) the potential to further reduce non-age-related expenditu...

Choosing a Budget Management System

Choosing a Budget Management System »

Source: Choosing a Budget Management System : The Case of Rwanda

Volume/Issue: 2004/132

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451855418

Keywords: budget system, public management, Constitution, budget law, budget management, annual budget, budget process, budget execution, Structure, Scope

Rwanda is making important choices concerning budget processes. A program-oriented budget framework is now used. A new Constitution, adopted in May 2003, has made some important choices concerning the public manage...

Deep Roots of Fiscal Behavior

Deep Roots of Fiscal Behavior »

Source: Deep Roots of Fiscal Behavior

Volume/Issue: 2014/45

Series: IMF Working Papers

Author(s): Serhan Cevik , and Katerina Teksoz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

ISBN: 9781475516111

Keywords: fiscal reaction functions, fiscal policy volatility, budget balance, discretionary fiscal policy, fiscal reaction, primary budget balance, General, Deficit,

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990-2012. The empiri...

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? »

Source: Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Volume/Issue: 2003/38

Series: IMF Working Papers

Author(s): Soojin Moon , and Ales Bulir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2003

ISBN: 9781451845716

Keywords: IMF-supported programs, general evaluation estimator, structural conditionality, fiscal adjustment, fiscal balance, fiscal developments, International Monetary Arrangements and Institutions, Fiscal Policies and Behavior of Economic Agents: General,

This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram c...