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The Challenge of Fiscal Adjustment in a Democracy
			: The Case of India

The Challenge of Fiscal Adjustment in a Democracy : The Case of India »

Volume/Issue: 2004/168

Series: IMF Working Papers

Author(s): Ricardo Hausmann , and Catriona Purfield

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858297.001

ISBN: 9781451858297

Keywords: Fiscal responsibility legislation, federal relations, budget management, fiscal responsibility, fiscal imbalances, decentralization, Structure, Scope, and Performance of Government, State and Local Borrowing,

India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic ca...

Fiscal Risks - Sources, Disclosure, and Management

Fiscal Risks - Sources, Disclosure, and Management »

Volume/Issue: 2008/028

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2008

DOI: http://dx.doi.org/10.5089/9781498334525.007

ISBN: 9781498334525

Keywords: Fiscal analysis, Fiscal management, Fiscal transparency, Risk management, Financial statements, Public financial management legislation, Fiscal risk, PP, PPPs, GDP ratio

A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of fiscal outcomes from what was expected at the time of...

'An Analysis of U.S. Fiscal and Generational Imbalances
			: Who Will Pay and How?'

'An Analysis of U.S. Fiscal and Generational Imbalances : Who Will Pay and How?' »

Volume/Issue: 2011/72

Series: IMF Working Papers

Author(s): Nicoletta Batini , Julia Guerreiro , and Giovanni Callegari

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455227075.001

ISBN: 9781455227075

Keywords: fiscal gap, generational accounting, Final Healthcare Legislation, discount rate, medicare, tax cuts, healthcare spending, Intertemporal Choice And Growth, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to e...