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Europe > Iceland

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
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Cover Policy Papers
G20 Note On Environmentally Sustainable Investment For The Recovery
International Monetary Fund. Fiscal Affairs Dept.
This Note prepared for the G20 Infrastructure Working Group summarizes the main finding of the IMF flagships regarding the role of environmentally sustainable investment for the recovery. It emphasizes that environmentally sustainable investment is an important enabler for a resilient greener, and inclusive recovery—it creates jobs, spurs economic growth, addresses climate change, and improves the quality of life. It can also stimulate much needed private sector greener and resilient investment.
Keywords:
climate change; environmentally sustainable investment; public investment management; green infrastructure; IMF flagship; transparency policy; quality infrastructure investment agenda; energy efficiency improvement investment; management practice; Public investment and public-private partnerships (PPP); Infrastructure; Climate change; Job creation; Natural disasters; Global; Sustainable growth
Cover IMF Staff Country Reports
Iceland: Selected Issues Paper
International Monetary Fund. European Dept.
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has used the breathing room to reduce flow and stock vulnerabilities, strengthen institutions, and prepare for the lifting of capital controls. Simulations using the central bank’s Quarterly Macroeconomic Model (QMM) suggest that, compared with the 2008 crisis episode, the economy can better withstand the impact of an abrupt removal of capital controls. However, the outcome would be dependent on a number of factors, including resident depositor behavior.
Keywords:
ISCR; CR; Iceland; financial crisis; saving; investment; statistics Iceland; current account balance; FCI component; credit condition; saving rate; Housing prices; Personal income tax; Private savings; Global; East Asia; Europe
Cover IMF Working Papers
Expenditure Rules: Effective Tools for Sound Fiscal Policy?
Till Cordes
,
Mr. Tidiane Kinda
, and
Ms. Priscilla S Muthoora
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal rules in two main ways. First, it is the most comprehensive assessment of compliance with rules and of the potential role of expenditure rules, in particular regarding long-term sustainability. Second, it analyzes whether expenditure rules are associated with changes in public investment and its efficiency.
Keywords:
WP; expenditure rule; rule; country; expenditure target; Expenditure rules; Fiscal governance; Fiscal policy; Rules versus discretion; Stabilization; growth rule; expenditure pressure; expenditure cap; expenditure constraint; debt rule; implementation of an expenditure rule; rule index; national expenditure; rule characteristic; expenditure targets in Israel; Fiscal rules; Fiscal stance; Public investment spending; Global