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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...

Oman Beyond the Oil Horizon
			: Policies Toward Sustainable Growth

Oman Beyond the Oil Horizon : Policies Toward Sustainable Growth »

Series: Occasional Papers

Author(s): Volker Treichel , and Ahsan Mansur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 1999

DOI: http://dx.doi.org/10.5089/9781557758330.084

ISBN: 9781557758330

Keywords: fiscal policy, expenditure, capital expenditure, fiscal adjustment, fiscal impulse

With the steady increase of crude oil production and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Today Oman boa...

Making Fiscal Decentralization Work
			: Cross-Country Experiences

Making Fiscal Decentralization Work : Cross-Country Experiences »

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

DOI: http://dx.doi.org/10.5089/9781589069855.084

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide...

Transparency in Government Operations

Transparency in Government Operations »

Series: Occasional Papers

Author(s): George Kopits , and J. Craig

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 1998

DOI: http://dx.doi.org/10.5089/9781557756978.084

ISBN: 9781557756978

Keywords: fiscal transparency, fiscal policy, quasi-fiscal activities, fiscal activities, budget process

Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its A...

Fiscal Policy Rules

Fiscal Policy Rules »

Series: Occasional Papers

Author(s): George Kopits , and Steven Symansky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 1998

DOI: http://dx.doi.org/10.5089/9781557757043.017

ISBN: 9781557757043

Keywords: fiscal policy, fiscal rules, public debt, fiscal policy rules, fiscal rule

What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute...

A Review of the Fiscal Impulse Measure

A Review of the Fiscal Impulse Measure »

Series: Occasional Papers

Author(s): Ahsan Mansur , Richard Haas , and Peter Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 May 1986

DOI: http://dx.doi.org/10.5089/9780939934607.084

ISBN: 9780939934607

Keywords: inflation, fiscal impulse, budget balance, fiscal policy, budget deficit

This study was prepared jointly by the Fiscal Affairs and Research Departments of the International Monetary Fund. Since the study was made in preparation for the World Economic Outlook exercise of April 1984, all...

Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Rules-Based Fiscal Policy in France, Germany, Italy, and Spain »

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

DOI: http://dx.doi.org/10.5089/9781589062160.084

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercycli...

Managing the Oil Revenue Boom
			: The Role of Fiscal Institutions

Managing the Oil Revenue Boom : The Role of Fiscal Institutions »

Series: Occasional Papers

Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2008

DOI: http://dx.doi.org/10.5089/9781589067189.084

ISBN: 9781589067189

Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules

Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how gover...

Fiscal Vulnerability and Financial Crises in Emerging Market Economies

Fiscal Vulnerability and Financial Crises in Emerging Market Economies »

Series: Occasional Papers

Author(s): Richard Hemming , Axel Schimmelpfennig , and Michael Kell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2003

DOI: http://dx.doi.org/10.5089/9781589061965.084

ISBN: 9781589061965

Keywords: Emerging markets, fiscal variables, public debt, currency crises, fiscal policy, external debt

Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulner...

Thailand
			: The Road to Sustained Growth

Thailand : The Road to Sustained Growth »

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

DOI: http://dx.doi.org/10.5089/9781557756039.084

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countrie...