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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...

On the Design and Effectiveness of Targeted Expenditure Programs

On the Design and Effectiveness of Targeted Expenditure Programs »

Volume/Issue: 2004/220

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Leonardo Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

DOI: http://dx.doi.org/10.5089/9781451875232.001

ISBN: 9781451875232

Keywords: Fiscal federalism, special purpose transfers, local government, local governments, local government officials, intergovernmental relations, State and Local Taxation, Subsidies, and Revenue,

This paper argues that both horizontal and intertemporal competition among recipient governments are needed in order to ensure incentives for effective utilization of targeted transfers. This has implications for b...

Fiscal Decentralization and the Efficiency of Public Service Delivery

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

DOI: http://dx.doi.org/10.5089/9781484351116.001

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...

The Great Divide: Regional Inequality and Fiscal Policy

The Great Divide: Regional Inequality and Fiscal Policy »

Volume/Issue: 2019/88

Series: IMF Working Papers

Author(s): William Gbohoui , W. Raphael Lam , and Victor Lledo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

DOI: http://dx.doi.org/10.5089/9781498311625.001

ISBN: 9781498311625

Keywords: Cost of living, National income, Social security, Development, Social indicators, Regional inequality, fiscal redistribution, mobility, intergovernmental relations, regional disparity

Growing regional inequality within countries has raised the perception that 'some places and people' are left behind. This has prompted a shift toward inward-looking policies and away from pro-growth reforms. This...

Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Macro Policy Lessons for a Sound Design of Fiscal Decentralization »

Volume/Issue: 2009/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2009

DOI: http://dx.doi.org/10.5089/9781498335812.007

ISBN: 9781498335812

Keywords: Borrowing, Fiscal management, Fiscal policy, Fiscal reforms, Governance, Government expenditures, Political economy, Transparency, Intergovernmental fiscal relations, Revenue administration

Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and...

Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies

Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies »

Volume/Issue: 2009/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2009

DOI: http://dx.doi.org/10.5089/9781498335799.007

ISBN: 9781498335799

Keywords: Background papers, Borrowing, Cross country analysis, Fiscal management, Fiscal policy, Fiscal reforms, Governance, Government expenditures, Intergovernmental fiscal relations, Political economy

This paper provides background to the Board paper on Macro Policy Lessons for a Sound Design of Fiscal Decentralization. It summarizes the findings and recommendations of the Fiscal Affairs Department (FAD) for ten...

Background Paper for Rebuilding Fiscal Institutions in Post-Conflict Countries

Background Paper for Rebuilding Fiscal Institutions in Post-Conflict Countries »

Volume/Issue: 2004/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2004

DOI: http://dx.doi.org/10.5089/9781498329958.007

ISBN: 9781498329958

Keywords: Fiscal management, Post-conflict emergency assistance, Technical Assistance, Public financial management, Fiscal policy, Revenue administration, Tax policy, Intergovernmental fiscal relations, PP, PEM

The information provided in this paper supplements the information presented in the main Board paper. The main paper discusses experiences in reestablishing fiscal management in post-conflict countries. On the basi...

Mauritius
			: Public Expenditure and Financial Accountability (PEFA) Assessment

Mauritius : Public Expenditure and Financial Accountability (PEFA) Assessment »

Volume/Issue: 2011/259

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 August 2011

DOI: http://dx.doi.org/10.5089/9781463902285.002

ISBN: 9781463902285

Keywords: Financial management, Government expenditures, Public finance, Intergovernmental fiscal relations, External sector, Transition from cash to accrual accounting, Expenditure policy, Fiscal policy, ISCR, CR

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484340424.087

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...