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Big Government, High Debt, and Fiscal Adjustment in Small States

Big Government, High Debt, and Fiscal Adjustment in Small States »

Source: Big Government, High Debt, and Fiscal Adjustment in Small States

Volume/Issue: 2008/39

Series: IMF Working Papers

Author(s): Rui Ota , and Stephanie Medina Cas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869019

Keywords: Government size, fiscal adjustment, external debt, external public debt,

Using a new fiscal dataset for small states, this paper analyzes the link between country size, government size, debt, and economic performance. It finds that on average small states have larger governments and hig...

Classifications of Countries Basedon their Level of Development

Classifications of Countries Basedon their Level of Development »

Source: Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done

Volume/Issue: 2011/31

Series: IMF Working Papers

Author(s): Lynge Nielsen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455216789

Keywords: Country classification systems, taxonomy, taxonomies, per capita income, balance of payments, exporting countries, Economic Development: General,

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper a...

Commodity Markets and the International Transmission of Fiscal Shocks

Commodity Markets and the International Transmission of Fiscal Shocks »

Source: Commodity Markets and the International Transmission of Fiscal Shocks

Volume/Issue: 1988/104

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 1988

ISBN: 9781451947724

Keywords: exchange rate, terms of trade, real exchange rate, commodity exporters, commodity prices

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...

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior »

Source: A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Volume/Issue: 2014/176

Series: IMF Working Papers

Author(s): Calixte Ahokpossi , Laurence Allain , and Giovanna Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

ISBN: 9781498349727

Keywords: Concessionality, debt limits policy, propensity score matching, external debt, public debt, private creditors, debt relief, concessional debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The pape...

The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries

The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries »

Source: The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries

Volume/Issue: 2004/202

Series: IMF Working Papers

Author(s): Gabriela Inchauste , Bernardin Akitoby , Benedict Clements , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2004

ISBN: 9781451874433

Keywords: Wagner&;amp;#x2019;s law, government spending, public spending, public finance, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,

We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half...

Does conditionality in IMF-supported programs promote revenue reform?

Does conditionality in IMF-supported programs promote revenue reform? »

Source: Does conditionality in IMF-supported programs promote revenue reform?

Volume/Issue: 2014/206

Series: IMF Working Papers

Author(s): Ernesto Crivelli , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2014

ISBN: 9781484380048

Keywords: structural conditionality, revenue, tax, taxes, revenues, goods, Models with Panel Data, International Monetary Arrangements and Institutions, General,

This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance of 126 low- and middle-income countries during 1993-2013. The results indicate that such condit...

Exogenous Shocks and Growth Crises in Low-Income Countries

Exogenous Shocks and Growth Crises in Low-Income Countries »

Source: Exogenous Shocks and Growth Crises in Low-Income Countries : A Vulnerability Index

Volume/Issue: 2012/264

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Yasemin Bal-Gunduz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 November 2012

ISBN: 9781475528510

Keywords: Vulnerability index, growth crises, low-income countries, real gdp, gdp growth, gdp per capita, trading partners, exchange rate regime, Discrete Regression and Qualitative Choice Models, Economic Growth of Open Economies

This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling app...

Fiscal Decentralization and the Efficiency of Public Service Delivery

Fiscal Decentralization and the Efficiency of Public Service Delivery »

Source: Fiscal Decentralization and the Efficiency of Public Service Delivery

Volume/Issue: 2015/59

Series: IMF Working Papers

Author(s): Moussé Sow , and Ivohasina Razafimahefa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2015

ISBN: 9781484351116

Keywords: Decentralization, efficiency, stochastic frontier analysis, fiscal decentralization, public expenditure, expenditure, Methodological Issues: General, Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation, General, Intergovernmental Relations,

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact...

Fiscal Deficits and Inflation

Fiscal Deficits and Inflation »

Source: Fiscal Deficits and Inflation

Volume/Issue: 2003/65

Series: IMF Working Papers

Author(s): Luis Catão , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451848700

Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...

How Do Countries Choose their Exchange Rate Regime?

How Do Countries Choose their Exchange Rate Regime? »

Source: How Do Countries Choose their Exchange Rate Regime?

Volume/Issue: 2001/46

Series: IMF Working Papers

Author(s): Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451846553

Keywords: optimal currency areas, exchange rate, exchange rate regime, exchange rate risk, exchange rate flexibility, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, Economic Development: General,

This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly...