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Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World1

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World1 »

Source: Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

Volume/Issue: 2014/122

Series: IMF Working Papers

Author(s): Elva Bova , Nathalie Carcenac , and Martine Guerguil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

ISBN: 9781498305525

Keywords: fiscal policty, cyclicality, developing economies, fiscal rule, budget balance, fiscal institutions, Structure and Scope of Government, Deficit, Open Economy Macroeconomics,

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries ou...

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World »

Volume/Issue: 2014/122

Series: IMF Working Papers

Author(s): Elva Bova , Nathalie Carcenac , and Martine Guerguil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

DOI: http://dx.doi.org/10.5089/9781498305525.001

ISBN: 9781498305525

Keywords: fiscal policty, cyclicality, developing economies, fiscal rule, budget balance, fiscal institutions, Structure and Scope of Government, Deficit, Open Economy Macroeconomics,

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries ou...

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...

Deep Roots of Fiscal Behavior

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

DOI: http://dx.doi.org/10.5089/9781475516111.001

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...

Fiscal Sustainability

Fiscal Sustainability »

Source: Fiscal Sustainability : A 21st Century Guide for the Perplexed

Volume/Issue: 2013/89

Series: IMF Working Papers

Author(s): Evan Tanner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2013

ISBN: 9781484381991

Keywords: Intertemporal solvency, tax smoothing, debt stabilization, fiscal rule, stochastic simulation, fiscal adjustment, budget constraint, Deficit, Forecasts of Budgets, Deficits

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA sho...

Fiscal Sustainability
			: A 21st Century Guide for the Perplexed

Fiscal Sustainability : A 21st Century Guide for the Perplexed »

Volume/Issue: 2013/89

Series: IMF Working Papers

Author(s): Evan Tanner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2013

DOI: http://dx.doi.org/10.5089/9781484381991.001

ISBN: 9781484381991

Keywords: Intertemporal solvency, tax smoothing, debt stabilization, fiscal rule, stochastic simulation, fiscal adjustment, budget constraint, Deficit, Forecasts of Budgets, Deficits

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA sho...

Acronyms

Acronyms »

Source: Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

CAB cyclically adjusted balance CAPB...

Appendix 1. Reforming Energy Subsidies

Appendix 1. Reforming Energy Subsidies »

Source: Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

Energy subsidies are high in many emerging market economies and low-income countries because of limited pass-through of recent increases in international energy prices to domestic c...

Country Abbreviations

Country Abbreviations »

Source: Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

Code Country name AFG...

Fiscal Adjustment in an Uncertain World

Fiscal Adjustment in an Uncertain World »

Source: Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

...