Search Results

You are looking at 41 - 50 of 139 items :

  • Keyword: Structure and Scope of Government x
  • Books and Analytical Papers x
Clear All Modify Search
Fiscal Expectations Under the Stability and Growth Pact

Fiscal Expectations Under the Stability and Growth Pact »

Source: Fiscal Expectations Under the Stability and Growth Pact : Evidence from Survey Data

Volume/Issue: 2011/48

Series: IMF Working Papers

Author(s): Marcos Poplawski-Ribeiro , and Jan-Christoph Rülke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218943

Keywords: credibility, Stability and Growth Pact, survey data, budget deficit, survey, fiscal authorities, fiscal forecasts, equation, Structure, Scope

The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact...

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...

The Day After Tomorrow

The Day After Tomorrow »

Source: The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya

Volume/Issue: 2013/79

Series: IMF Working Papers

Author(s): Carlos Caceres , Serhan Cevik , Ricardo Fenochietto , and Borja Gracia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484389812

Keywords: Fiscal policy, cyclical adjustment, fiscal sustainability, permanent income hypothesis, fiscal rules, natural resources, public financial management, fiscal stance, primary deficit, Structure and Scope of Government

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, proc...

A Political Agency Theory of Central Bank Independence

A Political Agency Theory of Central Bank Independence »

Source: A Political Agency Theory of Central Bank Independence

Volume/Issue: 2003/144

Series: IMF Working Papers

Author(s): Gauti Eggertsson , and Eric Le Borgne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856460

Keywords: Central Bank Independece, Career Concerns, Elections, Experimetation, inflation, monetary policy, central bank, average inflation, Structure, Scope

We propose a theory to explain why, and under what circumstances, a politician gives up rent and delegates policy tasks to an independent agency. We apply this theory to monetary policy by extending a standard dyna...

Dynamic Incentives and the Optimal Delegation of Political Power

Dynamic Incentives and the Optimal Delegation of Political Power »

Source: Dynamic Incentives and the Optimal Delegation of Political Power

Volume/Issue: 2007/91

Series: IMF Working Papers

Author(s): Eric Le Borgne , and Gauti Eggertsson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866551

Keywords: Delegation, Elections, Career Concerns, Learning-by-doing, Insulation, public opinion, inflation, central bank, monetary policy, political economy

This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blind...

Responsibility of Central Banks for Stability in Financial Markets

Responsibility of Central Banks for Stability in Financial Markets »

Source: Responsibility of Central Banks for Stability in Financial Markets

Volume/Issue: 2003/121

Series: IMF Working Papers

Author(s): Garry Schinasi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451854404

Keywords: financial crises management, banking, banking supervision, bank of england, financial system, General Financial Markets: Government Policy and Regulation, Structure and Scope of Government: General, Economic History: Financial Markets and Institutions: General, International, or Comparative,

What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the experiences in Europe, Japan, and the United States, and by examining fo...

Measuring the Informal Economy in the Caucasus and Central Asia

Measuring the Informal Economy in the Caucasus and Central Asia »

Source: Measuring the Informal Economy in the Caucasus and Central Asia

Volume/Issue: 2013/137

Series: IMF Working Papers

Author(s): Yasser Abdih , and Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484331613

Keywords: Informal economy, latent variable, Caucasus and Central Asia, labor market, employment, labor force, self employment, total employment, General, Structure and Scope of Government

This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model,...

How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?

How Do Treasury Systems Operate in Sub-Saharan Francophone Africa? »

Source: How Do Treasury Systems Operate in Sub-Saharan Francophone Africa?

Volume/Issue: 2002/58

Series: IMF Working Papers

Author(s): Luc Leruth , Dominique Bouley , and Jerome Fournel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451847871

Keywords: Treasury, monitoring, expenditure process, expenditure, public expenditure, expenditures, public expenditure management, Structure, Scope, and Performance of Government

Treasury systems in sub-Saharan francophone African countries share many features with the French public expenditure management system of the sixties on which they were modeled. However, in a different economic and...

Are Laws Needed for Public Management Reforms? An International Comparison

Are Laws Needed for Public Management Reforms? An International Comparison »

Source: Are Laws Needed for Public Management Reforms? An International Comparison

Volume/Issue: 2005/62

Series: IMF Working Papers

Author(s): Ian Lienert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860818

Keywords: public management, budget, law, decree, performance, civil servants, financial management, external audit, decentralization, budget systems

There has been widespread adoption of new laws to support new public management. In many countries that have implemented comprehensive and deep reforms, new or amended laws have fundamentally changed the role of th...

Government Spending, Legislature Size, and the Executive Veto

Government Spending, Legislature Size, and the Executive Veto »

Source: Government Spending, Legislature Size, and the Executive Veto

Volume/Issue: 2001/208

Series: IMF Working Papers

Author(s): Reza Baqir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451874709

Keywords: political institutions, executive veto, probability, statistics, equation, correlation, Analysis Of Collective Decision-making, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook

Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the...