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Should Equity Be a Goal of Economic Policy?

Should Equity Be a Goal of Economic Policy? »

Series: Economic Issues

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 1999

DOI: http://dx.doi.org/10.5089/9781557757906.051

ISBN: 9781557757906

Keywords: fiscal affairs, income distribution, fiscal affairs department, expenditure policy, unskilled workers

Over the past decade, global output has grown by more than 3 percent a year and inflation has slowed in most regions. The fruits of this growthhave not been shared equally, however, and income disparities have grow...

Global Rebalancing
			: A Roadmap for Economic Recovery

Global Rebalancing : A Roadmap for Economic Recovery »

Series: Books

Author(s): Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2013

DOI: http://dx.doi.org/10.5089/9781475573664.071

ISBN: 9781475573664

Keywords: current account, public debt, public finances, fiscal consolidation, financial sector

This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalanc...

Republic of the Marshall Islands

Republic of the Marshall Islands »

Source: Republic of the Marshall Islands : Selected Issues and Statistical Appendix

Volume/Issue: 2008/186

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2008

ISBN: 9781451825947

Keywords: budget, fiscal surplus, fiscal adjustment, fiscal consolidation

The strategy that has the best chance of allowing the Republic of Marshall Islands (RMI) to achieve fiscal sustainability after FY2023 involves substantial fiscal consolidation. The alternative (policy action) scen...

Republic of the Marshall Islands: Selected Issues and Statistical Appendix

Republic of the Marshall Islands: Selected Issues and Statistical Appendix »

Source: Republic of the Marshall Islands : Selected Issues and Statistical Appendix

Volume/Issue: 2008/186

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2008

ISBN: 9781451825947

Keywords: budget, fiscal surplus, fiscal adjustment, fiscal consolidation

The strategy that has the best chance of allowing the Republic of Marshall Islands (RMI) to achieve fiscal sustainability after FY2023 involves substantial fiscal consolidation. The alternative (policy action) scen...

Intergovernmental Fiscal Relations

Intergovernmental Fiscal Relations »

Source: Intergovernmental Fiscal Relations : The Chinese System in Perspective

Volume/Issue: 1997/129

Series: IMF Working Papers

Author(s): Vivek Arora , and John Norregaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451934816

Keywords: Fiscal federalism, stabilization, local governments, intergovernmental fiscal relations, local taxes, fiscal relations, intergovernmental fiscal

This paper provides an overview of recent Chinese reforms to introduce a modern system of fiscal federalism that balances the need for central macroeconomic control with the economic advantages of decentralized gov...

Underlying Factors Driving Fiscal Effort in Emerging Market Economies

Underlying Factors Driving Fiscal Effort in Emerging Market Economies »

Source: Underlying Factors Driving Fiscal Effort in Emerging Market Economies

Volume/Issue: 2005/106

Series: IMF Working Papers

Author(s): Taimur Baig , and Abdul Abiad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861259

Keywords: fiscal effort, institutional variables, democratic accountability, fiscal adjustment, Fiscal Policies and Behavior of Economic Agents: Other,

Using a panel dataset of 34 emerging market countries for the period 1990-2002, we examine the roles of various economic, political, and institutional variables in determining fiscal effort, as proxied by the prima...

Regulating Local Government Financing Vehicles and Public-Private Partnerships in China

Regulating Local Government Financing Vehicles and Public-Private Partnerships in China »

Source: Regulating Local Government Financing Vehicles and Public-Private Partnerships in China

Volume/Issue: 2016/187

Series: IMF Working Papers

Author(s): Hui Jin , and Isabel Rial

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2016

ISBN: 9781475536768

Keywords: fiscal risk, public investment, subnational government

In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government fin...

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Fiscal Vulnerabilities and Risks from Local Government Finance in China »

Source: Fiscal Vulnerabilities and Risks from Local Government Finance in China

Volume/Issue: 2014/4

Series: IMF Working Papers

Author(s): Yuanyan Zhang , and Steven Barnett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2014

ISBN: 9781484349953

Keywords: Fiscal Vulnerabilities, Fiscal Risks, Local Government Finance, Land Finance, Gross Financing Needs, fiscal deficit, fiscal debt, fiscal data, fiscal activity, General,

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the...

Front-Loaded or Back-Loaded Fiscal Adjustments

Front-Loaded or Back-Loaded Fiscal Adjustments »

Source: Front-Loaded or Back-Loaded Fiscal Adjustments : What Works in Emerging Market Economies?

Volume/Issue: 2004/157

Series: IMF Working Papers

Author(s): Benedict Clements , Sanjeev Gupta , Emanuele Baldacci , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

ISBN: 9781451857528

Keywords: fiscal consolidations, fiscal adjustments, fiscal sustainability, probability, statistics, Duration Analysis, Fiscal Policies and Behavior of Economic Agents: General,

This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have...

Recentralization in China?

Recentralization in China? »

Source: Recentralization in China?

Volume/Issue: 2002/168

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , Li Keping , Raju Singh , and Thomas Richardson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2002

ISBN: 9781451858273

Keywords: Intergovernmental Relations, local governments, fiscal decentralization, local government, fiscal system, local revenues, State And Local Government,

The paper assesses the changing nature of the relations between the provinces and the central government in China during the 1990s. It examines the fiscal reforms initiated in 1994 and subsequent developments. The...