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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...

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...

Public Spending Management and Macroeconomic Interdependence

Public Spending Management and Macroeconomic Interdependence »

Source: Public Spending Management and Macroeconomic Interdependence

Volume/Issue: 2004/102

Series: IMF Working Papers

Author(s): Giovanni Ganelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852646

Keywords: Public competition policies, NOEM, macroeconomic interdependence, fiscal shock, competition policies, public spending, elasticity of substitution, Open Economy Macroeconomics, Structure, Scope

This paper studies, in the context of a New Open Economy Macroeconomics (NOEM) model, the effects of "public competition policies" aimed at improving the efficiency of public spending. Such measures are modeled as...

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...

Systemic Weaknesses of Budget Management in Anglophone Africa

Systemic Weaknesses of Budget Management in Anglophone Africa »

Source: Systemic Weaknesses of Budget Management in Anglophone Africa

Volume/Issue: 2001/211

Series: IMF Working Papers

Author(s): Ian Lienert , and Feridoun Sarraf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451874846

Keywords: systemic, British, budget institutions, government expenditure, audit, expenditure, expenditures, budget management, Structure, Scope

This paper examines the merits of the British budget management system that was inherited in Anglophone African countries and which has changed substantially in the United Kingdom since the 1960s. It considers whet...

Democracy and Foreign Education

Democracy and Foreign Education »

Source: Democracy and Foreign Education

Volume/Issue: 2007/51

Series: IMF Working Papers

Author(s): Antonio Spilimbergo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

ISBN: 9781451866155

Keywords: democracy, institutions, international students, host country, foreign investors, host countries, foreign national, Models of Political Processes: Rent-seeking, Elections, Legislatures

Do foreign-educated individuals play a role in promoting democracy in their home countries? Despite the large amount of private and public resources spent on foreign education, there is no systematic evidence that...

The Economic Crisis

The Economic Crisis »

Source: The Economic Crisis : Did Financial Supervision Matter?

Volume/Issue: 2011/261

Series: IMF Working Papers

Author(s): Marc Quintyn , Rosaria Vega Pansini , and Donato Masciandaro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463924560

Keywords: financial supervision, global crisis, supervisory architecture, supervisory governance, banking, bank involvement, financial sector, financial structure, deposit money, Financial Markets and the Macroeconomy

The Asian financial crisis marked the beginning of worldwide efforts to improve the effectiveness of financial supervision. However, the crisis that started in 2007?08 was a crude awakening: several of these improv...

Are Laws Needed for Public Management Reforms? An International Comparison

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

DOI: http://dx.doi.org/10.5089/9781451860818.001

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...

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

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

DOI: http://dx.doi.org/10.5089/9781455218943.001

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...