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Anchor Me: The Benefits and Challenges of Fiscal Responsibility

Anchor Me: The Benefits and Challenges of Fiscal Responsibility »

Source: Anchor Me: The Benefits and Challenges of Fiscal Responsibility

Volume/Issue: 2019/70

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2019

ISBN: 9781498302937

Keywords: Economic stabilization, Fiscal policy, National budgets, Budgetary policy, Fiscal stimulus, procyclicality, structural budget balances, fiscal rules, output gap, countercyclical

This paper discusses the benefits and challenges of implementing a rule-based fiscal responsibility framework, using the Philippines as a case study. It estimates structural measures of the fiscal stance over the p...

Fiscal Buffers for Natural Disasters in Pacific Island Countries1

Fiscal Buffers for Natural Disasters in Pacific Island Countries1 »

Source: Fiscal Buffers for Natural Disasters in Pacific Island Countries

Volume/Issue: 2019/152

Series: IMF Working Papers

Author(s): Hidetaka Nishizawa , Scott Roger , and Huan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

ISBN: 9781498320801

Keywords: Access to foreign markets, Accounting, Accounting standards, Agriculture, Aid flows, Balance of payments, Bank deposits, Bank financing, Banks, Bonds

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spend...

2. Fiscal Policy: Dampening Cyclical Fluctuations and Supporting Inclusive Growth

2. Fiscal Policy: Dampening Cyclical Fluctuations and Supporting Inclusive Growth »

Source: Regional Economic Outlook, April 2013, Asia and Pacific : Shifting Risks, New Foundations for Growth

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2013

ISBN: 9781484360835

Keywords: Fiscal policy, Business cycles, Market economies, Human capital, Capital accumulation, Financial crises, Economies, capital inflows, domestic demand, capital flow

Sustained rapid growth, macroeconomic stability, and improvements in living standards are some of the remarkable achievements of Asian economies over the past decade. Nevertheless, important challenges remai...

France: Selected Issues

France: Selected Issues »

Source: France : Selected Issues

Volume/Issue: 2019/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2019

ISBN: 9781513508467

Keywords: Fiscal policy, Fiscal consolidation, Government expenditures, Gross domestic product, Financial crises, subnational, policy stance, GFC, output gap, successful consolidation

Selected Issues...

France: Selected Issues

France: Selected Issues »

Source: France : Selected Issues

Volume/Issue: 2019/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2019

ISBN: 9781513508467

Keywords: Fiscal policy, Fiscal consolidation, Government expenditures, Gross domestic product, Financial crises, subnational, policy stance, GFC, output gap, successful consolidation

Selected Issues...

France: Selected Issues

France: Selected Issues »

Source: France : Selected Issues

Volume/Issue: 2019/246

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2019

ISBN: 9781513508467

Keywords: Fiscal policy, Fiscal consolidation, Government expenditures, Gross domestic product, Financial crises, subnational, policy stance, GFC, output gap, successful consolidation

Selected Issues...

High Level Status Report to the IEO Evaluation of Fund's Recurring Issues

High Level Status Report to the IEO Evaluation of Fund's Recurring Issues »

Source: High Level Status Report to the IEO Evaluation of Fund's Recurring Issues

Volume/Issue: 2017/012

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2017

ISBN: 9781498347044

Keywords: Absorptive capacity, Accounting, Accounting systems, Agricultural subsidies, Agriculture, Anti-money laundering, Arrears policy, Balance sheets, Budgeting, Budgets

This is a high-level report on progress in addressing recurring issues identified by the Independent Evaluation Office (IEO). The Board endorsed the proposal in the Chairman's Summing Up for the Independent Evaluat...

How Does Taxation Affect Hours Worked in EU New Member States?

How Does Taxation Affect Hours Worked in EU New Member States? »

Source: How Does Taxation Affect Hours Worked in EU New Member States?

Volume/Issue: 2019/130

Series: IMF Working Papers

Author(s): Agustin Velasquez , and Svetlana Vtyurina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2019

ISBN: 9781498315708

Keywords: Tax revenue, Tax exemptions, Tax incentives, Tax rates, Fiscal policy, hours worked, labor supply, labor tax, consumption tax, EU new member states

Hours worked vary widely across countries and over time. In this paper, we investigate the role played by taxation in explaining these differences for EU New Member States. By extending a standard growth model with...

Promoting Inclusive Growth in the Caucasus and Central Asia

Promoting Inclusive Growth in the Caucasus and Central Asia »

Volume/Issue: 2019/9

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera-Martín , Dominique Fayad , Sergejs Saksonovs , Wei Shi , and Fang Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2019

DOI: http://dx.doi.org/10.5089/9781498313353.087

ISBN: 9781498313353

Keywords: Central Asia and the Caucasus, Inclusive growth, Financial inclusion, Fiscal policy, Economic growth, Unemployment, Total factor productivity, Credit, Caucasus and Central Asia, CCA

CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008-09 global financial crisis...

IMF Executive Board Completes Second Review Under the Extended Fund Facility for Jordan

IMF Executive Board Completes Second Review Under the Extended Fund Facility for Jordan »

Source: Jordan : Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2019/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

ISBN: 9781498313841

Keywords: Fiscal policy, Unemployment, Public debt, Credit, Monetary policy, NEPCO, CBJ, Proj, overall balance, performance criterion

Since completion of the first review, Jordan has preserved macroeconomic stability in a most difficult environment. It has weathered a series of severe and highly persistent shocks, including regional conflicts, do...