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Experience with Large Fiscal Adjustments

Experience with Large Fiscal Adjustments »

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

DOI: http://dx.doi.org/10.5089/9781589064584.084

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment...

Regional Economic Outlook, October 2009, Sub-Saharan Africa
			: Weathering the Storm

Regional Economic Outlook, October 2009, Sub-Saharan Africa : Weathering the Storm »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2009

DOI: http://dx.doi.org/10.5089/9781589068575.086

ISBN: 9781589068575

Keywords: debt, fiscal policy, exporting countries, oil exporters, oil-importing countries

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial marke...

Regional Economic Outlook, October 2007, Sub-Saharan African

Regional Economic Outlook, October 2007, Sub-Saharan African »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2007

DOI: http://dx.doi.org/10.5089/9781589066700.086

ISBN: 9781589066700

Keywords: exchange rate regime, exchange rate, fiscal space, oil exporters, terms of trade

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This...

Regional Economic Outlook, April 2010, Sub-Saharan Africa
			: Back to High Growth?

Regional Economic Outlook, April 2010, Sub-Saharan Africa : Back to High Growth? »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2010

DOI: http://dx.doi.org/10.5089/9781589069183.086

ISBN: 9781589069183

Keywords: fiscal policy, capital inflows, exporting countries, importing countries, oil-importing countries

The economic slowdown in sub-Saharan Africa looks set to be mercifully brief. Recovery is now under way across the region. The region's relative resilience during this global recession, compared with previous globa...

Perspectives économiques régionales, Octobre 2009
			: Afrique subsaharienne Surmonter la tourmente

Perspectives économiques régionales, Octobre 2009 : Afrique subsaharienne Surmonter la tourmente »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2009

Language: French

DOI: http://dx.doi.org/10.5089/9781589069008.086

ISBN: 9781589069008

Keywords: debt, fiscal policy, exporting countries, oil exporters, oil-importing countries, importing countries, exchange rate regime, debt sustainability, exporters, deficits

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial marke...

Perspectives économiques régionales, Avril 10 
			: Afrique subsaharienne: Retour à une croissance forte

Perspectives économiques régionales, Avril 10 : Afrique subsaharienne: Retour à une croissance forte »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2010

Language: French

DOI: http://dx.doi.org/10.5089/9781589069640.086

ISBN: 9781589069640

Keywords: fiscal policy, capital inflows, exporting countries, importing countries, oil-importing countries, exchange rate regime, oil exporters, private capital flows, private capital, floating exchange rate regime

The economic slowdown in sub-Saharan Africa looks set to be mercifully brief. Recovery is now under way across the region. The region's relative resilience during this global recession, compared with previous globa...

Regional Economic Outlook, October 2014
			: Staying the Course

Regional Economic Outlook, October 2014 : Staying the Course »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2014

DOI: http://dx.doi.org/10.5089/9781498386456.086

ISBN: 9781498386456

Keywords: Economic growth, Economic forecasting, Cross country analysis, Private investment, Regional Economic Outlook, Public debt, Public investment, Fiscal policy, Monetary policy, Infrastructure

Growth in much of Sub-Saharan Africa is expected to remain strong, driven by efforts to invest in infrastructure and strong agricultural production. The current Ebola outbreak in Guinea, Liberia, and Sierra Leone i...

Per Perspectives économiques régionales, Mai 2006 
			: Afrique subsaharienne

Per Perspectives économiques régionales, Mai 2006 : Afrique subsaharienne »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 August 2006

Language: French

DOI: http://dx.doi.org/10.5089/9781589065505.086

ISBN: 9781589065505

Keywords: exchange rate, exchange rate regime, oil-importing countries, importing countries, exporting countries, decentralization, fiscal decentralization, subnational governments, oil prices, banking

Prepared by the Policy Wing of the IMF African Department, and published twice a year in English and French, Regional Economic Outlook: Sub-Saharan Africa analyzes economic performance and short-term prospects of t...

Perspectives économiques régionales
			: Afrique subsaharienne, Oct 07

Perspectives économiques régionales : Afrique subsaharienne, Oct 07 »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2007

Language: French

DOI: http://dx.doi.org/10.5089/9781589066717.086

ISBN: 9781589066717

Keywords: exchange rate regime, exchange rate, fiscal space, oil exporters, terms of trade, exporters, exporting countries, fixed exchange rate, oil-importing countries, importing countries

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This...

Fiscal sustainability and the fiscal reaction function for South Africa

Fiscal sustainability and the fiscal reaction function for South Africa »

Source: Fiscal sustainability and the fiscal reaction function for South Africa

Volume/Issue: 2011/69

Series: IMF Working Papers

Author(s): Charl Jooste , Alfredo Cuevas , Ian Stuart , and Philippe Burger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455227105

Keywords: Fiscal reaction function, deficits, equation, fiscal reaction, fiscal policy, fiscal reaction functions, National Deficit Surplus,

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space mode...