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Reflating Japan

Reflating Japan »

Source: Reflating Japan : Time to Get Unconventional?

Volume/Issue: 2016/157

Series: IMF Working Papers

Author(s): Elif Arbatli , Dennis Botman , Kevin Clinton , Pietro Cova , Vitor Gaspar , Zoltan Jakab , Douglas Laxton , Constant Lonkeng Ngouana , Joannes Mongardini , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2016

ISBN: 9781475523140

Keywords: Japan; monetary policy; fiscal policy; incomes policy; structural reforms

Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, but the goals re...

Fiscal Reform Over Ten Years of Transition

Fiscal Reform Over Ten Years of Transition »

Source: Fiscal Reform Over Ten Years of Transition

Volume/Issue: 2000/113

Series: IMF Working Papers

Author(s): George Tsibouris , and Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853698

Keywords: fiscal reform, transition, tax system, tax revenue, tax administrations, tax policy, tax policy reform, Economic Reform,

This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms vis...

Tax Policy and National Savings in the United States: A Survey

Tax Policy and National Savings in the United States: A Survey »

Source: Tax Policy and National Savings in the United States : A Survey

Volume/Issue: 1988/110

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 1988

ISBN: 9781451945539

Keywords: tax system, tax reform, taxation, tax policy, tax treatment

This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues that the effect of taxes on the overall private saving level is relatively small and uncertain...

Addressing Korea's Long-Term Fiscal Challenges

Addressing Korea's Long-Term Fiscal Challenges »

Source: Addressing Korea's Long-Term Fiscal Challenges

Volume/Issue: 2008/27

Series: IMF Working Papers

Author(s): Murtaza Syed , Michael Skaarup , and Tarhan Feyzioglu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

ISBN: 9781451868890

Keywords: Korea, Simulation, Sustainability, Tax Reform, General Equilibrium, pension, pension reform, tax rates, pension fund, fiscal policy

Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift...

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...

Fiscal Reforms, Long-term Growth and Income Inequality1

Fiscal Reforms, Long-term Growth and Income Inequality1 »

Source: Fiscal Reforms, Long-term Growth and Income Inequality

Volume/Issue: 2017/145

Series: IMF Working Papers

Author(s): Santiago Acosta Ormaechea , Takuji Komatsuzaki , and Carolina Correa-Caro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2017

ISBN: 9781484303689

Keywords: Fiscal policy, Synthetic Control Method, Structural Reform, General, Comparative Studies of Countries

We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evalu...

Fiscal Politics in the Euro Area

Fiscal Politics in the Euro Area »

Source: Fiscal Politics in the Euro Area

Volume/Issue: 2017/18

Series: IMF Working Papers

Author(s): Luc Eyraud , Vitor Gaspar , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2017

ISBN: 9781475572919

Keywords: Political economy, Euro Area, Fiscal policy, Fiscal reforms, political economy factors, deficit bias, procyclicality, fiscal rules

This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries...

Case Studies in Tax Revenue Mobilization in Low-Income Countries

Case Studies in Tax Revenue Mobilization in Low-Income Countries »

Source: Case Studies in Tax Revenue Mobilization in Low-Income Countries

Volume/Issue: 2019/104

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , Hiroaki Miyamoto , Keyra Primus , and Mouhamadou Sy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2019

ISBN: 9781498314565

Keywords: Fiscal policy, Tax revenue, Tax reforms, Revenue measures, Tax rates, tax revenue mobilization, tax policy, revenue administration, reform strategy, percent of GDP

How can Low-Income Countries (LICs) enhance tax revenue collection to finance their vast development needs? We address this question by analyzing seven tax reform experiences in LICs (Burkina Faso, The Gambia, Mald...

Tax Reforms and Fiscal Shock Smoothing

Tax Reforms and Fiscal Shock Smoothing »

Source: Tax Reforms and Fiscal Shock Smoothing

Volume/Issue: 2019/113

Series: IMF Working Papers

Author(s): David Amaglobeli , Laura Jaramillo , Pooja Karnane , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2019

ISBN: 9781498315623

Keywords: Tax reforms, Fiscal policy, Tax rates, Tax collection, Tax elasticity, Fiscal Stabilization, tax reform, progressivity, blue bar, tax base

This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that bro...

Public Investment, Public Finance, and Growth

Public Investment, Public Finance, and Growth »

Source: Public Investment, Public Finance, and Growth : The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability

Volume/Issue: 2014/73

Series: IMF Working Papers

Author(s): Christopher Adam , and David Bevan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2014

ISBN: 9781484364819

Keywords: tax reform, recurrent costs, operations and maintenance, tax rates, fiscal reforms, budget constraint, General, Macroeconomic Analyses of Economic Development, Fiscal and Monetary Policy in Development,

Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital servi...