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The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India »

Source: The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

Volume/Issue: 2013/128

Series: IMF Working Papers

Author(s): Rahul Anand , David Coady , Adil Mohommad , Vimal Thakoor , and James Walsh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2013

ISBN: 9781484305164

Keywords: Fuel pricing, subsidy reform, distributional impact, compensating transfers, income groups, cash transfers, input-output, cash transfer, direct impact, Input-Output Models

Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates th...

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India »

Volume/Issue: 2013/128

Series: IMF Working Papers

Author(s): Rahul Anand , David Coady , Adil Mohommad , Vimal Thakoor , and James Walsh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2013

DOI: http://dx.doi.org/10.5089/9781484305164.001

ISBN: 9781484305164

Keywords: Fuel pricing, subsidy reform, distributional impact, compensating transfers, income groups, cash transfers, input-output, cash transfer, direct impact, Input-Output Models

Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates th...

Quality of Government and Living Standards
			: Adjusting for the Efficiency of Public Spending

Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending »

Volume/Issue: 2012/182

Series: IMF Working Papers

Author(s): Francesco Grigoli , and Eduardo Ley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

DOI: http://dx.doi.org/10.5089/9781475505306.001

ISBN: 9781475505306

Keywords: System of National Accounts, Efficiency, Living Standards, national accounts, public spending, input-output, health care, Publicly Provided Goods: General, Public Economics: Miscellaneous Issues: General, Social Security and Public Pensions

It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. H...

Quality of Government and Living Standards

Quality of Government and Living Standards »

Source: Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Volume/Issue: 2012/182

Series: IMF Working Papers

Author(s): Francesco Grigoli , and Eduardo Ley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505306

Keywords: System of National Accounts, Efficiency, Living Standards, national accounts, public spending, input-output, health care, Publicly Provided Goods: General, Public Economics: Miscellaneous Issues: General, Social Security and Public Pensions

It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. H...

Redesigning the Contours of the Future Financial System

Redesigning the Contours of the Future Financial System »

Volume/Issue: 2010/10

Series: IMF Staff Position Notes

Author(s): Laura Kodres , and Aditya Narain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2010

DOI: http://dx.doi.org/10.5089/9781462388882.004

ISBN: 9781462388882

Keywords: Bank supervision, Banks, Financial instruments, Financial institutions, Risk management, Multilateral surveillance, Nonbank financial sector, Global Financial Crisis 2008-2009, Fund role, Crises

This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financia...

Redesigning the Contours of the Future Financial System

Redesigning the Contours of the Future Financial System »

Source: Redesigning the Contours of the Future Financial System

Volume/Issue: 2010/10

Series: IMF Staff Position Notes

Author(s): Laura Kodres , and Aditya Narain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2010

ISBN: 9781462388882

Keywords: Bank supervision, Banks, Financial instruments, Financial institutions, Risk management, Multilateral surveillance, Nonbank financial sector, Global Financial Crisis 2008-2009, Fund role, Crises

This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financia...

4 Addressing the Procyclical Bias

4 Addressing the Procyclical Bias »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Since political economy factors are an important determinant of procyclicality of policies, measures to contain the misuse of fiscal policy discretion can be benefic...

3 Cyclicality of Fiscal Policy

3 Cyclicality of Fiscal Policy »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Although some debate on the feasibility and effectiveness of fiscal policy in stabilizing output fluctuations continues, there is little disagreement that, as a rule...

2 Discretion, Institutions, and Fiscal Discipline

2 Discretion, Institutions, and Fiscal Discipline »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Economic analysis has long recognized that policymakers, particularly in the fiscal domain, act quite rationally according to specific incentives, including reelecti...

1 Fiscal Discipline: Key Issues and Overview

1 Fiscal Discipline: Key Issues and Overview »

Source: Promoting Fiscal Discipline

Series: Books

Author(s): Manmohan Kumar , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

ISBN: 9781589066090

Keywords: fiscal policy, expenditure, fiscal performance, fiscal rules, fiscal discipline

Since the early 1970s, fiscal deficits and rising public debt have been ubiquitous features of government budgetary positions. Indeed, in aggregate, fiscal balances...