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Aggregate Investment Expenditures on Tradable and Nontradable Goods

Aggregate Investment Expenditures on Tradable and Nontradable Goods »

Source: Aggregate Investment Expenditures on Tradable and Nontradable Goods

Volume/Issue: 2008/45

Series: IMF Working Papers

Author(s): Rudolfs Bems

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869071

Keywords: tradable and nontradable goods, expenditure, expenditures, investment expenditures, input-output, expenditure share,

This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across countries and regions. Furthermore, the two expenditure shares have remained close to constant...

Another Look at Governments’ Balance Sheets

Another Look at Governments’ Balance Sheets »

Source: Another Look at Governments' Balance Sheets : The Role of Nonfinancial Assets

Volume/Issue: 2013/95

Series: IMF Working Papers

Author(s): Elva Bova , Robert Dippelsman , Kara Rideout , and Andrea Schaechter

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2013

ISBN: 9781484315453

Keywords: government statistics, government finance, government finance statistics, national accounts, public finances, Structure and Scope of Government, Infrastructures,

When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this pape...

Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior

Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior »

Source: Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior

Volume/Issue: 2004/54

Series: IMF Working Papers

Author(s): Ludger Schuknecht , and Albert Jaeger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451847543

Keywords: Boom-bust cycles, cyclical adjustment, deficit bias, fiscal balances, expenditure, fiscal balance, expenditure growth,

Boom and bust phases in asset prices have become a pervasive feature of macroeconomic developments in many advanced economies. This paper studies fiscal policy during boom-bust phases in asset prices and draws seve...

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...

Corruption, Public Investment, and Growth1

Corruption, Public Investment, and Growth1 »

Source: Corruption, Public Investment, and Growth

Volume/Issue: 1997/139

Series: IMF Working Papers

Author(s): Vito Tanzi , and Hamid Davoodi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451929515

Keywords: public investment, growth, productivity, government revenue, current expenditure, investment projects, government finance statistics

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditin...

Decentralization and Macroeconomic Management

Decentralization and Macroeconomic Management »

Source: Decentralization and Macroeconomic Management

Volume/Issue: 1997/155

Series: IMF Working Papers

Author(s): Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451857276

Keywords: decentralization, fiscal federalism, borrowing controls, federalism, subnational governments, subnational government

The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from decentralization and the potential trade-offs between decentralization and income redistribution. By cont...

Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study

Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study »

Source: Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study

Volume/Issue: 2006/147

Series: IMF Working Papers

Author(s): Christiane Nickel , and Katja Funke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864076

Keywords: trade account, trade elasticities, panel cointegration, expenditure, government expenditure, equations, cointegration, equation, Open Economy Macroeconomics,

This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equati...

Economic Consequences of Lower Military Spending

Economic Consequences of Lower Military Spending »

Source: Economic Consequences of Lower Military Spending : Some Simulation Results

Volume/Issue: 1993/17

Series: IMF Working Papers

Author(s): Jerald Schiff , Tamim Bayoumi , and Daniel Hewitt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1993

ISBN: 9781451843460

Keywords: military, military expenditures, military spending, expenditures, arms

The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an incre...

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

The Effectiveness of Fiscal Policy in Stimulating Economic Activity »

Source: The Effectiveness of Fiscal Policy in Stimulating Economic Activity : A Review of the Literature

Volume/Issue: 2002/208

Series: IMF Working Papers

Author(s): Selma Mahfouz , Richard Hemming , and Michael Kell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451874716

Keywords: economic activity, fiscal multipliers, government spending, expansionary fiscal contractions, expenditure, fiscal contraction, Fiscal Policies and Behavior of Economic Agents: General,

This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., th...

Fiscal and Monetary Policy During Downturns

Fiscal and Monetary Policy During Downturns »

Source: Fiscal and Monetary Policy During Downturns : Evidence From the G7

Volume/Issue: 2009/50

Series: IMF Working Papers

Author(s): Sven Jari Stehn , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871982

Keywords: government revenue, government expenditure, tax changes, discretionary fiscal policy, fiscal stimulus, tax cuts,

This paper analyzes how fiscal and monetary policy typically respond during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and compares the res...