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Fiscal Impulse

Fiscal Impulse »

Source: Fiscal Impulse

Volume/Issue: 1991/91

Series: IMF Working Papers

Author(s): Garry Schinasi , and Mark Lutz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

ISBN: 9781451851441

Keywords: fiscal impulse, fiscal impulses, budget balance, expenditure

The concept of fiscal impulse is defined, discussed, and differentiated from measures that attempt to summarize the macroeconomic effects of fiscal policy. Two methodologies are briefly discussed and their correspo...

Fiscal Impulses and their Fiscal Impact

Fiscal Impulses and their Fiscal Impact »

Source: Fiscal Impulses and their Fiscal Impact

Volume/Issue: 1992/38

Series: IMF Working Papers

Author(s): Sheetal Chand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1992

ISBN: 9781451977530

Keywords: fiscal impulse, government expenditure, expenditure, fiscal impact

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becom...

Fiscal Policy and Economic Cycles in Oil-Exporting Countries

Fiscal Policy and Economic Cycles in Oil-Exporting Countries »

Source: Fiscal Policy and Economic Cycles in Oil-Exporting Countries

Volume/Issue: 2008/253

Series: IMF Working Papers

Author(s): Kamilya Tazhibayeva , Aasim Husain , and Anna Ter-Martirosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2008

ISBN: 9781451871111

Keywords: public spending, fiscal impulse, fiscal stance

This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries...

Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

Are All Summary Indicators of the Stance of Fiscal Policy Misleading? »

Source: Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

Volume/Issue: 1988/112

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1988

ISBN: 9781451944501

Keywords: fiscal policy, expenditure, fiscal impulse, expenditures, fiscal stance

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy1

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy1 »

Source: Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy

Volume/Issue: 2010/197

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455205271

Keywords: Bayesian Analysis, New Keynesian Phillips Curve, Cyclically-Adjusted Balance, Fiscal Stance, Fiscal Impulse, fiscal balance,

This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The pa...

Improving Surveillance Across the CEMAC Region

Improving Surveillance Across the CEMAC Region »

Source: Improving Surveillance Across the CEMAC Region

Volume/Issue: 2009/260

Series: IMF Working Papers

Author(s): Plamen Iossifov , Misa Takebe , Zaijin Zhan , Noriaki Kinoshita , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

ISBN: 9781451942026

Keywords: non-oil primary deficit, sustainability, economic cycles and shocks, foreign reserves, fiscal balance, fiscal stance, fiscal impulse, fiscal policies,

In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with i...

Fiscal Impulse

Fiscal Impulse »

Volume/Issue: 1991/91

Series: IMF Working Papers

Author(s): Garry Schinasi , and Mark Lutz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

DOI: http://dx.doi.org/10.5089/9781451851441.001

ISBN: 9781451851441

Keywords: fiscal impulse, fiscal impulses, budget balance, expenditure

The concept of fiscal impulse is defined, discussed, and differentiated from measures that attempt to summarize the macroeconomic effects of fiscal policy. Two methodologies are briefly discussed and their correspo...

Fiscal Stimulus and Credibility in Emerging Countries

Fiscal Stimulus and Credibility in Emerging Countries »

Source: Fiscal Stimulus and Credibility in Emerging Countries

Volume/Issue: 2010/123

Series: IMF Working Papers

Author(s): Magda Kandil , and Hanan Morsy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

ISBN: 9781455200825

Keywords: credibility, effectiveness, cyclicality, fiscal impulse, exchange rate, fiscal expansion, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Open Economy Macroeconomics,

Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for countercyclical policy increases with the availability of intern...

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle »

Source: Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

Volume/Issue: 2010/28

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962536

Keywords: fiscal impulses, Structure, Scope, and Performance of Government, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General, National Deficit Surplus,

This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantiall...

Structural Quarterly Projection Model for Belarus1

Structural Quarterly Projection Model for Belarus1 »

Source: Structural Quarterly Projection Model for Belarus

Volume/Issue: 2018/254

Series: IMF Working Papers

Author(s): Karel Musil , Mikhail Pranovich , and Jan Vlcek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

ISBN: 9781484385616

Keywords: Belarus, Dollarization, Europe, Monetary policy, Quarterly Projection Model, Nominal Wages, Fiscal Impulse, Forecasting and Simulation, Monetary Policy (Targets, Instruments

Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a small structural model at the core of the forecasting and policy analysis system. A well-researched canonical structure of...