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The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco »

Volume/Issue: 2019/222

Series: IMF Working Papers

Author(s): Babacar Sarr , Mokhtar Benlamine , and Zsuzsa Munkacsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513513768.001

ISBN: 9781513513768

Keywords: Access to foreign markets, Bankruptcy, Banks, Basket of currency peg, Capital, Capital accumulation, Capital flows, Capital formation, Commodity markets, Commodity prices

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp)...

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco »

Source: The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

Volume/Issue: 2019/222

Series: IMF Working Papers

Author(s): Babacar Sarr , Mokhtar Benlamine , and Zsuzsa Munkacsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513513768

Keywords: Access to foreign markets, Bankruptcy, Banks, Basket of currency peg, Capital, Capital accumulation, Capital flows, Capital formation, Commodity markets, Commodity prices

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp)...

IMF Executive Board Discussed Use of Third-Party Indicators in Fund Reports

IMF Executive Board Discussed Use of Third-Party Indicators in Fund Reports »

Source: Use of Third-Party Indicators in Fund Reports

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

IMF Executive Board Discussed Use of Third-Party Indicators in Fund Reports

IMF Executive Board Discussed Use of Third-Party Indicators in Fund Reports »

Source: Use of Third-Party Indicators in Fund Reports

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

Use of Third-Party Indicators in Fund Reports

Use of Third-Party Indicators in Fund Reports »

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

DOI: http://dx.doi.org/10.5089/9781498346283.007

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

Use of Third-Party Indicators in Fund Reports

Use of Third-Party Indicators in Fund Reports »

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

DOI: http://dx.doi.org/10.5089/9781498346283.007

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

Use of Third-Party Indicators in Fund Reports

Use of Third-Party Indicators in Fund Reports »

Source: Use of Third-Party Indicators in Fund Reports

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

Use of Third-Party Indicators in Fund Reports

Use of Third-Party Indicators in Fund Reports »

Source: Use of Third-Party Indicators in Fund Reports

Volume/Issue: 2017/061

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781498346283

Keywords: Regional economics, Climatic changes, Economic indicators, International organization, Central bank independence, fund report, indicator, good practice, digest, IOs

Fund staff use indicators developed by other organizations as input into analysis in surveillance and, to a lesser extent, in program work. While the Fund has been able to rely on data and statistics provided by me...

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...

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 »

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

DOI: http://dx.doi.org/10.5089/9781498347044.007

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...

Income Inequality, Fiscal Decentralization and Transfer Dependency

Income Inequality, Fiscal Decentralization and Transfer Dependency »

Volume/Issue: 2014/64

Series: IMF Working Papers

Author(s): Caroline-Antonia Goerl , and Mike Seiferling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781484354711.001

ISBN: 9781484354711

Keywords: transfer dependency, COFOG, decentralization, fiscal federalism, federalism, government expenditure, Personal Income and Wealth Distribution, Intergovernmental Relations,

Within the context of reigniting post crisis macroeconomic growth, income inequality has emerged as a topic of significant interest for both academics and policymakers (Bastagli, Coady, and Gupta, 2012) This study...

Income Inequality, Fiscal Decentralization and Transfer Dependency1

Income Inequality, Fiscal Decentralization and Transfer Dependency1 »

Source: Income Inequality, Fiscal Decentralization and Transfer Dependency

Volume/Issue: 2014/64

Series: IMF Working Papers

Author(s): Caroline-Antonia Goerl , and Mike Seiferling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

ISBN: 9781484354711

Keywords: transfer dependency, COFOG, decentralization, fiscal federalism, federalism, government expenditure, Personal Income and Wealth Distribution, Intergovernmental Relations,

Within the context of reigniting post crisis macroeconomic growth, income inequality has emerged as a topic of significant interest for both academics and policymakers (Bastagli, Coady, and Gupta, 2012) This study...

Too Small to Fail? Subnational Spending Pressures in Europe

Too Small to Fail? Subnational Spending Pressures in Europe »

Volume/Issue: 2013/46

Series: IMF Working Papers

Author(s): Luc Eyraud , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

DOI: http://dx.doi.org/10.5089/9781475578157.001

ISBN: 9781475578157

Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three eco...

Too Small to Fail? Subnational Spending Pressures in Europe

Too Small to Fail? Subnational Spending Pressures in Europe »

Source: Too Small to Fail? Subnational Spending Pressures in Europe

Volume/Issue: 2013/46

Series: IMF Working Papers

Author(s): Luc Eyraud , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

ISBN: 9781475578157

Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three eco...

Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization

Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization »

Volume/Issue: 2012/095

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2012

DOI: http://dx.doi.org/10.5089/9781498339698.007

ISBN: 9781498339698

Keywords: Data quality assessment framework, IMF Working Papers, Lapse of time consideration, Publications, Regional Economic Outlook, Selected issues, Surveillance, Economic policy, Regional economics, Financial crises

This paper presents a forward-looking implementation plan for the above-cited Independent Evaluation Office (IEO) report. During the Board discussion, Executive Directors noted that the report 'provides a balanced...

Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization

Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization »

Source: Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization

Volume/Issue: 2012/095

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2012

ISBN: 9781498339698

Keywords: Data quality assessment framework, IMF Working Papers, Lapse of time consideration, Publications, Regional Economic Outlook, Selected issues, Surveillance, Economic policy, Regional economics, Financial crises

This paper presents a forward-looking implementation plan for the above-cited Independent Evaluation Office (IEO) report. During the Board discussion, Executive Directors noted that the report 'provides a balanced...

Key Trends in Implementation of the Fund's Transparency Policy

Key Trends in Implementation of the Fund's Transparency Policy »

Volume/Issue: 2012/056

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2012

DOI: http://dx.doi.org/10.5089/9781498340199.007

ISBN: 9781498340199

Keywords: Executive Board documents, Fund policies, Publications, Statistical annexes, Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Key Trends in Implementation of the Fund's Transparency Policy

Key Trends in Implementation of the Fund's Transparency Policy »

Source: Key Trends in Implementation of the Fund's Transparency Policy

Volume/Issue: 2012/056

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2012

ISBN: 9781498340199

Keywords: Executive Board documents, Fund policies, Publications, Statistical annexes, Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Narrowing Vertical Fiscal Imbalances in Four European Countries

Narrowing Vertical Fiscal Imbalances in Four European Countries »

Volume/Issue: 2012/91

Series: IMF Working Papers

Author(s): Izabela Karpowicz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781475502664.001

ISBN: 9781475502664

Keywords: Federalism, decentralization, vertical fiscal imbalance, local governments, fiscal decentralization, sub-national governments, fiscal balances, Structure, Scope, and Performance of Government

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four Euro...

Narrowing Vertical Fiscal Imbalances in Four European Countries

Narrowing Vertical Fiscal Imbalances in Four European Countries »

Source: Narrowing Vertical Fiscal Imbalances in Four European Countries

Volume/Issue: 2012/91

Series: IMF Working Papers

Author(s): Izabela Karpowicz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502664

Keywords: Federalism, decentralization, vertical fiscal imbalance, local governments, fiscal decentralization, sub-national governments, fiscal balances, Structure, Scope, and Performance of Government

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four Euro...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Source: Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936464.001

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...

Decentralizing Spending More Than Revenue

Decentralizing Spending More Than Revenue »

Source: Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance?

Volume/Issue: 2011/226

Series: IMF Working Papers

Author(s): Luc Eyraud , and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463904944

Keywords: fiscal federalism, vertical gap, local governments, decentralization, fiscal performance, sub-national governments, vertical fiscal imbalance, fiscal imbalance, Structure, Scope

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to fina...

Decentralizing Spending More Than Revenue
			: Does it Hurt Fiscal Performance?

Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance? »

Volume/Issue: 2011/226

Series: IMF Working Papers

Author(s): Luc Eyraud , and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463904944.001

ISBN: 9781463904944

Keywords: fiscal federalism, vertical gap, local governments, decentralization, fiscal performance, sub-national governments, vertical fiscal imbalance, fiscal imbalance, Structure, Scope

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to fina...

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries »

Volume/Issue: 2010/111

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2010

DOI: http://dx.doi.org/10.5089/9781498336451.007

ISBN: 9781498336451

Keywords: Bilateral surveillance, Evaluation Committee, Fund role, Lapse of time consideration, Members, Multilateral surveillance, Relationships with Fund, Regional economics, Market economies, Financial systems

This paper presents a forward-looking implementation plan for Board-endorsed recommendations of the IEO Evaluation of IMF Interactions with Member Countries. Executive Directors welcomed the important insights offe...

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries »

Source: Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries

Volume/Issue: 2010/111

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2010

ISBN: 9781498336451

Keywords: Bilateral surveillance, Evaluation Committee, Fund role, Lapse of time consideration, Members, Multilateral surveillance, Relationships with Fund, Regional economics, Market economies, Financial systems

This paper presents a forward-looking implementation plan for Board-endorsed recommendations of the IEO Evaluation of IMF Interactions with Member Countries. Executive Directors welcomed the important insights offe...

4 Bolivia

4 Bolivia »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

In Bolivia, the initial drive behind the decentralization process was political. In the late 1980s—after decades of dictatorship and neglect of the poorest regions—a need emerged to...

5 China1

5 China1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Fiscal decentralization since the early 1980s has supported economic growth and the process of transition to a market economy in China. However, China’s impressive performance has n...

6 Colombia1

6 Colombia1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Colombia is a unitary country at a relatively advanced stage of decentralization. Colombia’s decentralization process began in the early 1980s and was reinforced by the 1991 constit...

7 Democratic Republic of the Congo1

7 Democratic Republic of the Congo1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Fiscal decentralization in the Democratic Republic of the Congo has been viewed as a way to hold a vast and diverse country together following a long civil war. The country—divided...

1 Fiscal Decentralization: Key Issues

1 Fiscal Decentralization: Key Issues »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

A Brief Literature Review Fiscal decentralization involves a redefinition of the roles and responsibilities of the various levels of government in the conduct of fiscal policy. Tradi...

8 Indonesia

8 Indonesia »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Indonesia is often cited as an example of a “big-bang” approach to fiscal decentralization. Until the late 1990s, Indonesia’s decentralization efforts had proved timid, with deconce...

9 Kosovo1

9 Kosovo1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Fiscal decentralization in Kosovo has been, and remains, a political priority. Inspired by the Comprehensive Settlement Proposal (CSP), 2 a signifi...

3 Lessons Learned and Challenges Ahead

3 Lessons Learned and Challenges Ahead »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

The design of intergovernmental fiscal arrangements is one of the more complex areas of public finance—it spans a number of policy and institution-building issues requiring careful...

10 Liberia

10 Liberia »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Liberia has historically been a very centralized country. 1 Political decision making was primarily concentrated in the capital Monrovia, creating...

Making Fiscal Decentralization Work
			: Cross-Country Experiences

Making Fiscal Decentralization Work : Cross-Country Experiences »

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

DOI: http://dx.doi.org/10.5089/9781589069855.084

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide...

Back Matter

Back Matter »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide...

Front Matter

Front Matter »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide...

12 Mexico

12 Mexico »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Mexico’s constitution provides for a federal system characterized by a complex network of intergovernmental fiscal relations. The federation includes the Federal District, 31 states...

13 Nigeria

13 Nigeria »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Nigeria is a federal state in which high reliance on volatile oil revenue has complicated intergovernmental fiscal relations. The conflicting demands for control of the oil revenues...

11 The Former Yugoslav Republic of Macedonia1

11 The Former Yugoslav Republic of Macedonia1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Despite significant political changes in the 1990s, the former Yugoslav Republic of Macedonia (FYR Macedonia) remained a largely centralized country. The 1991 constitution (enacted...

2 The IMF’s Advice on Designing and Managing Fiscal Decentralization

2 The IMF’s Advice on Designing and Managing Fiscal Decentralization »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Anecessary, albeit not sufficient, condition for fiscal discipline is a broad plan to match spending responsibilities with overall resources at each level of government. Therefore,...

Key Trends in Implementation of the Fund's Transparency Policy

Key Trends in Implementation of the Fund's Transparency Policy »

Volume/Issue: 2010/072

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2010

DOI: http://dx.doi.org/10.5089/9781498336970.007

ISBN: 9781498336970

Keywords: Executive Board documents, Fund policies, Publications, Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics, publication rate

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Key Trends in Implementation of the Fund's Transparency Policy

Key Trends in Implementation of the Fund's Transparency Policy »

Source: Key Trends in Implementation of the Fund's Transparency Policy

Volume/Issue: 2010/072

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2010

ISBN: 9781498336970

Keywords: Executive Board documents, Fund policies, Publications, Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics, publication rate

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Bolivia

Bolivia »

Source: Bolivia : Selected Issues

Volume/Issue: 2010/29

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2010

ISBN: 9781451805871

Keywords: revenue sharing, subnational governments, intergovernmental fiscal, fiscal balance, fiscal transfers

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia's foreign reserves are adequate, with an optimal level between...

Bolivia
			: Selected Issues

Bolivia : Selected Issues »

Volume/Issue: 2010/29

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2010

DOI: http://dx.doi.org/10.5089/9781451805871.002

ISBN: 9781451805871

Keywords: revenue sharing, subnational governments, intergovernmental fiscal, fiscal balance, fiscal transfers

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia's foreign reserves are adequate, with an optimal level between...

Key Trends in the Implementation of the Fund's Transparency Policy

Key Trends in the Implementation of the Fund's Transparency Policy »

Volume/Issue: 2009/013

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2009

DOI: http://dx.doi.org/10.5089/9781498336291.007

ISBN: 9781498336291

Keywords: Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics, PP, publication rate, article IV, UFR

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Key Trends in the Implementation of the Fund's Transparency Policy

Key Trends in the Implementation of the Fund's Transparency Policy »

Source: Key Trends in the Implementation of the Fund's Transparency Policy

Volume/Issue: 2009/013

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2009

ISBN: 9781498336291

Keywords: Transparency, Developing countries, Exchange rate regimes, Emerging markets, Financial sector, Regional economics, PP, publication rate, article IV, UFR

At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lis...

Austria

Austria »

Source: Austria : Selected Issues

Volume/Issue: 2008/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2008

ISBN: 9781451802412

Keywords: fiscal federalism, federalism, subnational governments, tax autonomy, subnational government

Austria's federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security fun...

Austria
			: Selected Issues

Austria : Selected Issues »

Volume/Issue: 2008/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2008

DOI: http://dx.doi.org/10.5089/9781451802412.002

ISBN: 9781451802412

Keywords: fiscal federalism, federalism, subnational governments, tax autonomy, subnational government

Austria's federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security fun...

Local Service Provision in Selected OECD Countries
			: Do Decentralized Operations Work Better?

Local Service Provision in Selected OECD Countries : Do Decentralized Operations Work Better? »

Volume/Issue: 2008/67

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , Giorgio Brosio , and Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

DOI: http://dx.doi.org/10.5089/9781451869293.001

ISBN: 9781451869293

Keywords: decentralization, fiscal decentralization, fiscal federalism, subnational governments, federalism

There is a widespread presumption that decentralization improves public service provision. This has led to policy prescriptions that are assiduously adhered to by countries and international. This paper reviews the...

Local Service Provision in Selected OECD Countries

Local Service Provision in Selected OECD Countries »

Source: Local Service Provision in Selected OECD Countries : Do Decentralized Operations Work Better?

Volume/Issue: 2008/67

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , Giorgio Brosio , and Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869293

Keywords: decentralization, fiscal decentralization, fiscal federalism, subnational governments, federalism

There is a widespread presumption that decentralization improves public service provision. This has led to policy prescriptions that are assiduously adhered to by countries and international. This paper reviews the...

Fiscal Decentralization and Public Subnational Financial Management in Peru

Fiscal Decentralization and Public Subnational Financial Management in Peru »

Source: Fiscal Decentralization and Public Subnational Financial Management in Peru

Volume/Issue: 2006/120

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Mercedes Garcia-Escribano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

ISBN: 9781451863802

Keywords: decentralization, subnational governments, decentralization process, financial management, public financial management, Taxation, Subsidies, and Revenue: General,

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stabi...

Fiscal Decentralization and Public Subnational Financial Management in Peru

Fiscal Decentralization and Public Subnational Financial Management in Peru »

Volume/Issue: 2006/120

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Mercedes Garcia-Escribano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

DOI: http://dx.doi.org/10.5089/9781451863802.001

ISBN: 9781451863802

Keywords: decentralization, subnational governments, decentralization process, financial management, public financial management, Taxation, Subsidies, and Revenue: General,

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stabi...

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence »

Source: How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrow...

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence »

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860733.001

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrow...

2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications

2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction It is often said that most people when reading about a theory wonder if it works in practice. Economists, when seeing things working in practice, wond...

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction This paper examines the case for smoothing retail petroleum prices in the face of volatile international oil prices in developing countries where petroleum prices are...

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Adecade into the transition, many of the successor states of the former Soviet Union (FSU) still struggle with adapting their energy sectors to the ma...

1 Fiscal Challenges in Oil-Producing Countries: An Overview

1 Fiscal Challenges in Oil-Producing Countries: An Overview »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

This volume brings together papers that deal with a wide range of macroeconomic and fiscal issues in oil-producing countries, and aims at providing policy recommenda...

12 Fiscal Policy and Petroleum Fund Management in Norway

12 Fiscal Policy and Petroleum Fund Management in Norway »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction One of the challenges of policymaking is to illustrate complex ideas in a way that is easy to understand. Mundane as this may seem, it really goes to the core of poli...

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries »

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

DOI: http://dx.doi.org/10.5089/9781589061750.071

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Back Matter

Back Matter »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Front Matter

Front Matter »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

14 Hedging Government Oil Price Risk

14 Hedging Government Oil Price Risk »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Oil price risk is the risk that oil prices may change rapidly, substantially, and unpredictably. Governments are subject to this risk in two main ways...

15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries

15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Petroleum product prices are often heavily regulated. Domestic price controls are prevalent, especially in countries that are net exporters of oil. Governments often...

7 National Oil Companies: Evolution, Issues, Outlook

7 National Oil Companies: Evolution, Issues, Outlook »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Oil is of special importance to developing countries. It accounts for very high percentages of GDP, government revenues, and foreign exchange earnings...

13 Oil Funds in Transition Economies: Azerbaijan and Kazakhstan

13 Oil Funds in Transition Economies: Azerbaijan and Kazakhstan »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction The challenge of economic transition—of transforming an economy from a system of command and control to a free market—is a daunting one. Countries fac...

10 Oil Revenue and Fiscal Federalism

10 Oil Revenue and Fiscal Federalism »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Introduction Although the theory hardly recommends revenues from oil and gas as an ideal source of finance for subnational governments—with the exception of funds to...

9 Oil Revenue Assignments: Country Experiences and Issues

9 Oil Revenue Assignments: Country Experiences and Issues »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction The assignment of oil revenues in multilevel countries raises a number of issues, including the right of subnational regions to raise revenues on natu...

3 Operational Aspects of Fiscal Policy in Oil-Producing Countries

3 Operational Aspects of Fiscal Policy in Oil-Producing Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain and largely originates from abr...

Part I. Determining Fiscal Policy in Oil-Producing Countries

Part I. Determining Fiscal Policy in Oil-Producing Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

...

Part II. Dealing with Oil Revenue

Part II. Dealing with Oil Revenue »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

...

Part III. Institutional Arrangements for Dealing with Oil Revenue Instability

Part III. Institutional Arrangements for Dealing with Oil Revenue Instability »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

...

Part IV. Designing Policies for Domestic Petroleum Pricing

Part IV. Designing Policies for Domestic Petroleum Pricing »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

...

6 Revenue from the Oil and Gas Sector: Issues and Country Experience

6 Revenue from the Oil and Gas Sector: Issues and Country Experience »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Oil and gas extraction plays a dominant role as a source of export earnings and, to a lesser extent, employment in many developing countries. But the...

11 Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications

11 Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Acountry with large exhaustible resources such as oil can benefit substantially from them, but the revenues from exploiting these resources can pose challenges. Fisca...

5 Statistical Properties of Oil Prices: Implications for Calculating Government Wealth

5 Statistical Properties of Oil Prices: Implications for Calculating Government Wealth »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Understanding the statistical properties of oil prices is important for fiscal policy formulation in oil-producing countries. Specifically, the extent...

8 The Assignment of Oil Tax Revenue

8 The Assignment of Oil Tax Revenue »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

This paper provides a conceptual statement of the considerations that might lead one to conclude that revenues from the taxation of oil should be assigned to one lev...

16 The Impact of Gasoline Price Subsidies on the Government and the National Oil Company

16 The Impact of Gasoline Price Subsidies on the Government and the National Oil Company »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

One aspect seldom analyzed when discussing the distributive effects of gasoline subsidies in oil-exporting countries is the distribution of subsidy losses between the government and...

4 The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries

4 The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Most mineral exporters, and in particular the oil exporters, have done far less well than resource-poor countries over the past few decades, particula...

Reforming Intergovernmental Fiscal Relations in Argentina

Reforming Intergovernmental Fiscal Relations in Argentina »

Volume/Issue: 2003/90

Series: IMF Working Papers

Author(s): Alfredo Cuevas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

DOI: http://dx.doi.org/10.5089/9781451851410.001

ISBN: 9781451851410

Keywords: Fiscal federalism, revenue sharing, provinces, subnational, provincial governments, federalism, fiscal relations, decentralization, revenue-sharing,

Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to s...

Reforming Intergovernmental Fiscal Relations in Argentina

Reforming Intergovernmental Fiscal Relations in Argentina »

Source: Reforming Intergovernmental Fiscal Relations in Argentina

Volume/Issue: 2003/90

Series: IMF Working Papers

Author(s): Alfredo Cuevas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451851410

Keywords: Fiscal federalism, revenue sharing, provinces, subnational, provincial governments, federalism, fiscal relations, decentralization, revenue-sharing,

Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to s...

On National or Supranational Objectives
			: Improving the Effectiveness of Targeted Expenditure Programs

On National or Supranational Objectives : Improving the Effectiveness of Targeted Expenditure Programs »

Volume/Issue: 2002/209

Series: IMF Working Papers

Author(s): Ping Zhang , Eivind Tandberg , and Ehtisham Ahmad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

DOI: http://dx.doi.org/10.5089/9781451874761.001

ISBN: 9781451874761

Keywords: incentive schemes, intergovernmental finance, provincial government, local governments, local government, decentralization, fiscal decentralization, National Government Expenditures And Related Policies,

Central governments or the international community at large are concerned about subnational service delivery. The design of targeted expenditure programs features frequently in central efforts to redistribute infra...

On National or Supranational Objectives

On National or Supranational Objectives »

Source: On National or Supranational Objectives : Improving the Effectiveness of Targeted Expenditure Programs

Volume/Issue: 2002/209

Series: IMF Working Papers

Author(s): Ping Zhang , Eivind Tandberg , and Ehtisham Ahmad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451874761

Keywords: incentive schemes, intergovernmental finance, provincial government, local governments, local government, decentralization, fiscal decentralization, National Government Expenditures And Related Policies,

Central governments or the international community at large are concerned about subnational service delivery. The design of targeted expenditure programs features frequently in central efforts to redistribute infra...

Oil Revenue Assignments
			: Country Experiences and Issues

Oil Revenue Assignments : Country Experiences and Issues »

Volume/Issue: 2002/203

Series: IMF Working Papers

Author(s): Eric Mottu , and Ehtisham Ahmad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

DOI: http://dx.doi.org/10.5089/9781451874464.001

ISBN: 9781451874464

Keywords: Oil revenue, tax assignment, revenue sharing, oil-producing countries, Russia, subnational governments, fiscal federalism, decentralization, taxation, Nonrenewable Resources and Conservation: Government Policy,

Based on country experiences, the paper assesses policy options to assign oil revenues to subnational governments (SNGs). The literature recommends that oil revenues be centralized. Given political economy consider...

Oil Revenue Assignments

Oil Revenue Assignments »

Source: Oil Revenue Assignments : Country Experiences and Issues

Volume/Issue: 2002/203

Series: IMF Working Papers

Author(s): Eric Mottu , and Ehtisham Ahmad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

ISBN: 9781451874464

Keywords: Oil revenue, tax assignment, revenue sharing, oil-producing countries, Russia, subnational governments, fiscal federalism, decentralization, taxation, Nonrenewable Resources and Conservation: Government Policy,

Based on country experiences, the paper assesses policy options to assign oil revenues to subnational governments (SNGs). The literature recommends that oil revenues be centralized. Given political economy consider...

Indonesia
			: Managing Decentralization

Indonesia : Managing Decentralization »

Volume/Issue: 2002/136

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

DOI: http://dx.doi.org/10.5089/9781451855821.001

ISBN: 9781451855821

Keywords: Intergovernmental Relations, decentralization, expenditure, expenditure responsibilities, provincial governments, expenditures, State And Local Government,

The process of decentralization in Indonesia was initiated after a long period of autocratic rule. Despite the political imperatives, there is a need to carefully sequence the fiscal decentralization to ensure that...

Indonesia

Indonesia »

Source: Indonesia : Managing Decentralization

Volume/Issue: 2002/136

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855821

Keywords: Intergovernmental Relations, decentralization, expenditure, expenditure responsibilities, provincial governments, expenditures, State And Local Government,

The process of decentralization in Indonesia was initiated after a long period of autocratic rule. Despite the political imperatives, there is a need to carefully sequence the fiscal decentralization to ensure that...

The Challenge of Fiscal Decentralization in Transition Countries

The Challenge of Fiscal Decentralization in Transition Countries »

Source: The Challenge of Fiscal Decentralization in Transition Countries

Volume/Issue: 2002/103

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Paul Wade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2002

ISBN: 9781451852707

Keywords: fiscal reform, transition, decentralization, subnational governments, intergovernmental fiscal, intergovernmental fiscal relations, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macro...

The Challenge of Fiscal Decentralization in Transition Countries

The Challenge of Fiscal Decentralization in Transition Countries »

Volume/Issue: 2002/103

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Paul Wade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2002

DOI: http://dx.doi.org/10.5089/9781451852707.001

ISBN: 9781451852707

Keywords: fiscal reform, transition, decentralization, subnational governments, intergovernmental fiscal, intergovernmental fiscal relations, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macro...

Fiscal Decentralization and Governance

Fiscal Decentralization and Governance »

Source: Fiscal Decentralization and Governance : A Cross-Country Analysis

Volume/Issue: 2001/71

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451849240

Keywords: decentralization, revenue mobilization, subnational governments, federalism, Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior,

Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of expenditure and revenue mobilization functions to subnational levels of government-is associated w...

Fiscal Decentralization and Governance
			: A Cross-Country Analysis

Fiscal Decentralization and Governance : A Cross-Country Analysis »

Volume/Issue: 2001/71

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

DOI: http://dx.doi.org/10.5089/9781451849240.001

ISBN: 9781451849240

Keywords: decentralization, revenue mobilization, subnational governments, federalism, Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior,

Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of expenditure and revenue mobilization functions to subnational levels of government-is associated w...

Can Fiscal Decentralization Strengthen Social Capital?

Can Fiscal Decentralization Strengthen Social Capital? »

Source: Can Fiscal Decentralization Strengthen Social Capital?

Volume/Issue: 2000/129

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855104

Keywords: fiscal federalism, social capital, fiscal decentralization, decentralization, federalism, decentralization indicator

Countries where social and political institutions stimulate interpersonal trust, civic cooperation, and social cohesiveness tend to have more efficient governments, better governance systems, and faster growth. Thi...

Can Fiscal Decentralization Strengthen Social Capital?

Can Fiscal Decentralization Strengthen Social Capital? »

Volume/Issue: 2000/129

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

DOI: http://dx.doi.org/10.5089/9781451855104.001

ISBN: 9781451855104

Keywords: fiscal federalism, social capital, fiscal decentralization, decentralization, federalism, decentralization indicator

Countries where social and political institutions stimulate interpersonal trust, civic cooperation, and social cohesiveness tend to have more efficient governments, better governance systems, and faster growth. Thi...

Fiscal Federalism and Government Size in Transition Economies

Fiscal Federalism and Government Size in Transition Economies »

Source: Fiscal Federalism and Government Size in Transition Economies : The Case of Moldova

Volume/Issue: 1999/176

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451858792

Keywords: fiscal federalism, government size, subnational governments, decentralization, fiscal decentralization, federalism, Moldova, Republic of,

This paper examines the relationship between fiscal decentralization—the assignment of revenue sources and expenditure functions across government levels—and government size in Moldova. The empirical...

Fiscal Federalism and Government Size in Transition Economies
			: The Case of Moldova

Fiscal Federalism and Government Size in Transition Economies : The Case of Moldova »

Volume/Issue: 1999/176

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

DOI: http://dx.doi.org/10.5089/9781451858792.001

ISBN: 9781451858792

Keywords: fiscal federalism, government size, subnational governments, decentralization, fiscal decentralization, federalism, Moldova, Republic of,

This paper examines the relationship between fiscal decentralization—the assignment of revenue sources and expenditure functions across government levels—and government size in Moldova. The empirical...

Fundamental Determinants of Inequality and the Role of Government1

Fundamental Determinants of Inequality and the Role of Government1 »

Source: Fundamental Determinants of Inequality and the Role of Government

Volume/Issue: 1998/178

Series: IMF Working Papers

Author(s): Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451858921

Keywords: Inequality, Social Norms, Role of Governments, Positional Rents, Social Capital, human capital, income distribution, trade theory

This paper discusses the fundamental determinants of inequality. These are identified as world or market forces, social norms, ownership of real and human capital, and the role of government. The change in the rela...