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Business and Economics > Budgeting

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Globalization x
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Cover Policy Papers
Budget Augmentation Framework
International Monetary Fund. Office of Budget and Planning
Budget Augmentation Framework
Keywords:
Budgeting; Budgets; Capital Budget; Augmentation; Global Challenges; augmentation proposal; transparency policy; budget context; budget envelope; fund's mandate; Budget planning and preparation; Digital currencies; Climate change; Global
Cover IMF Working Papers
Does Financial Globalization Induce Better Macroeconomic Policies?
Shang-Jin Wei
and
Ms. Irina Tytell
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies (the "discipline effect"). The empirical tests have two innovations. First, we recognize potential endogeneity of the observed capital flows in a given country and employ an instrumental variable approach that relies on the autonomous (global) component of the capital flows. Second, we recognize inherent discreteness in defining good versus bad macroeconomic policies and use a transition matrix technique to determine whether capital flows are effective in inducing substantial qualitative policy shifts. Our results suggest that, in spite of the plausibility of the "discipline effect" in theory, it is not easy to find strong and robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low-inflation monetary policies. However, there is no evidence that it has encouraged low budget deficits.
Keywords:
WP; budget deficit; transition matrix
Cover IMF Survey
IMF Survey, Volume 31, Issue 17
International Monetary Fund. External Relations Dept.
The world’s finance ministers and central bank governors will gather in Washington on September 29 for the Annual Meetings of the Governors of the IMF and the World Bank, against a backdrop of increased concerns about the strength and durability of the global economic recovery. On September 28, the International Monetary and Financial Committee (IMFC), the IMF’s principal advisory Committee of Governors, and the Development Committee, a joint committee of IMF and World Bank Governors, will meet. The Annual Meetings have been shortened, owing to U.S. security concerns.
Keywords:
SV; background color; IMF Treasurer's Department; IMF Concludes; IMF arrangement; SDR; growth facility; stand-by credit; fund Facility; Fiscal stance; Government debt management; Budget planning and preparation; Global; Europe; West Africa; East Asia; Africa
Cover IMF Working Papers
Globalization and the Future of Social Protection
Mr. Vito Tanzi
Social protection in industrial countries has been provided through regulations, tax expenditures, and public spending. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the level of recent decades. Specifically, tax competition among jurisdictions, ballooning electronic commerce, and increased mobility of the factors of production will likely cause significant falls in tax revenue in future years. The paper concludes that the welfare states need to look for alternative ways to provide social protection.
Keywords:
WP; country; government; tax authorities; government expenditure; Tobin tax; world government; globalization; welfare state; tax expenditure; regulations; taxes; public spending; social expenditure; tax competition; tax level; tax exporting; tax jurisdiction; Tax expenditures; Income; East Asia; South Asia; Global
Cover Summary Proceedings of the Fifty-Second Annual Meetings of the Board of Governors, September 23-25, 1997
Summary Proceedings of the Fifty-Second Annual Meetings of the Board of Governors, September 23-25, 1997
International Monetary Fund. Secretary's Department

Abstract

This annual publication is a record of the IMF's Annual Meeting and contains the opening and closing addresses of the Chairman of teh Board of Governors, presentation of the Annual Report by the Managing Director, statements of Governors, committee reports, resolutions, and a list of delegates. Usually published in March. 1997 edition.

Keywords:
AS; Lodewyk J.F. Erasmus J. Mills Jones Yasmin Patel; fund Documents Nos; reports comment; audit report; organizations Adjournment; van Geest; Capital flows; Budget planning and preparation; Multilateral development institutions; Inflation; Global; Southeast Asia; Europe; Asia and Pacific; Africa; Private capital flows
Cover Summary Proceedings of the Fifty-First Annual Meetings of the Board of Governors, 1996
Summary Proceedings of the Fifty-First Annual Meetings of the Board of Governors, 1996
International Monetary Fund. Secretary's Department

Abstract

This annual publication is a record of the IMF's Annual Meeting and contains the opening and closing addresses of the Chairman of the Board of Governors, presentation of the Annual Report by the Managing Director, statements of Governors, committee reports, resolutions, and a list of delegates. Usually published in March.

Keywords:
economic system; structural adjustment; central bank; economic growth; global economy; British government; monetary policy; Inflation; Budget planning and preparation; Government debt management; Global; Africa; Europe; Asia and Pacific; Sub-Saharan Africa; G.M. Compton KCMG; J. mills jones; fund documents no; IMF election; board of governors of the fund; Structural reforms; Caribbean; Central America