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The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan »

Source: The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan

Volume/Issue: 2011/13

Series: IMF Working Papers

Author(s): Pelin Berkmen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211913

Keywords: tax reform, structural policies, public debt, consumption taxes, Open Economy Macroeconomics, Fiscal Policies and Behavior of Economic Agents: General,

With Japan's public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal bala...

Budget Consolidation

Budget Consolidation »

Source: Budget Consolidation : Short-Term Pain and Long-Term Gain

Volume/Issue: 2010/163

Series: IMF Working Papers

Author(s): Douglas Laxton , Susanna Mursula , Kevin Clinton , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201464

Keywords: current account imbalances, tax reform, income taxes, consumption taxes, Open Economy Macroeconomics, International Policy Coordination and Transmission, Fiscal Policies and Behavior of Economic Agents: General,

The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a co...

Fiscal Consolidation in the Euro Area

Fiscal Consolidation in the Euro Area »

Source: Fiscal Consolidation in the Euro Area : How Much Can Structural Reforms Ease the Pain?

Volume/Issue: 2013/211

Series: IMF Working Papers

Author(s): Derek Anderson , Benjamin Hunt , and Stephen Snudden

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 October 2013

ISBN: 9781475573879

Keywords: General equlibrium models, Structural reforms, labor market, real wages, public debt, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission, Institutions and Growth,

The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public...

Macroeconomic Effects of Public Pension Reforms

Macroeconomic Effects of Public Pension Reforms »

Source: Macroeconomic Effects of Public Pension Reforms

Volume/Issue: 2010/297

Series: IMF Working Papers

Author(s): Joana Pereira , Philippe Karam , Dirk Muir , and Anita Tuladhar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2010

ISBN: 9781455211784

Keywords: OLG models, pension, retirement, public pension, retirement age, pension reform, Social Security and Public Pensions, Open Economy Macroeconomics, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy,

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a reduction in benefits and an increase in contribution rates. Using a five-region version of the...

Structural Reforms and External Rebalancing1

Structural Reforms and External Rebalancing1 »

Source: Structural Reforms and External Rebalancing

Volume/Issue: 2017/182

Series: IMF Working Papers

Author(s): Alexander Culiuc , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2017

ISBN: 9781484313732

Keywords: Current account, Exports, structural reforms, REER, real exchange rate, Country and Industry Studies of Trade, Trade and Labor Market Interactions, Open Economy Macroeconomics, Public Policy

Empirical research on structural reforms has focused primarily on their impact on growth and productivity. Yet an often-invoked rationale for structural reforms is their impact on external adjustment. This paper fi...

External Debt and Economic Reform

External Debt and Economic Reform »

Source: External Debt and Economic Reform : Does a Pain Reliever Delay the Necessary Treatment?

Volume/Issue: 2007/50

Series: IMF Working Papers

Author(s): Athanasios Vamvakidis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

ISBN: 9781451866148

Keywords: economic reform, external borrowing, foreign aid, external financing, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development,

Recent literature argues that conflict in shifting adjustment costs between different socioeconomic groups delays necessary reforms and finds that such reforms often follow economic crises. This paper expands these...

Options for Fiscal Consolidation in the United Kingdom

Options for Fiscal Consolidation in the United Kingdom »

Source: Options for Fiscal Consolidation in the United Kingdom

Volume/Issue: 2006/89

Series: IMF Working Papers

Author(s): Dennis Botman , and Keiko Honjo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

ISBN: 9781451863499

Keywords: finite lives, distortionary taxes, income taxes, tax reform, fiscal adjustment, corporate income taxes, Open Economy Macroeconomics, International Policy Coordination and Transmission, Taxation, Subsidies

This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United Kingdom using the IMF's Global Fiscal Model. Early consolidation dampens aggregate demand in the...

Macroeconomic Effects of Social Security and Tax Reform in the United States

Macroeconomic Effects of Social Security and Tax Reform in the United States »

Source: Macroeconomic Effects of Social Security and Tax Reform in the United States

Volume/Issue: 2005/208

Series: IMF Working Papers

Author(s): Tamim Bayoumi , Dennis Botman , and Manmohan Kumar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

ISBN: 9781451862270

Keywords: Personal retirement accounts, tax reform, global fiscal model, income taxes, taxation, corporate income taxes, Fiscal Policies and Behavior of Economic Agents: General, Social Security and Public Pensions, Open Economy Macroeconomics,

We use the IMF's Global Fiscal Model to evaluate recent proposals to reform social security and the tax system in the United States. Introducing personal retirement accounts is unlikely to yield significant macroec...

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan »

Volume/Issue: 2011/13

Series: IMF Working Papers

Author(s): Pelin Berkmen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

DOI: http://dx.doi.org/10.5089/9781455211913.001

ISBN: 9781455211913

Keywords: tax reform, structural policies, public debt, consumption taxes, Open Economy Macroeconomics, Fiscal Policies and Behavior of Economic Agents: General,

With Japan's public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal bala...

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa »

Source: The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

Volume/Issue: 2012/148

Series: IMF Working Papers

Author(s): Janet Stotsky , Manuk Ghazanchyan , Olumuyiwa Adedeji , and Nils Maehle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504170

Keywords: Exchange rate reforms and regimes, growth, and inflation, exchange rate, inflation, exchange rate regime, exchange rate regimes, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exc...