Search Results - subject:"structural fiscal"

Namibia; 2012 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This report reviews economic development of Namibia in the recent years after the global crisis. The country bounced back very well after the crisis. Namibia exhibited strong performance in the primary sectors, which has led to remarkable growth in the second half of 2012. The government has...

Persistent link: https://www.econbiz.de/10011244754

Czech Republic; Selected Issues

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded...

Persistent link: https://www.econbiz.de/10011245000

Bosnia and Herzegovina; Second Review Under the Stand-By Arrangement and Requests for Waivers of Applicability and Modification of Performance Criteria â€”Staff Report; Press Relea...

International Monetary Fund (IMF); International … - 2013

The economy of Bosnia and Herzegovina, which is strongly connected to Europe through trade and financial channels, continues to pay a high price for the tough conditions in the area. The paper discuss that, following low demand in its trading partners, exports slumped in 2012 by 7.5 percent,...

Persistent link: https://www.econbiz.de/10011245068

Republic of Serbia; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This staff report on the Republic of Serbiaâ€™s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbiaâ€™s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below...

Persistent link: https://www.econbiz.de/10011245570

Kiribati; 2013 Article IV Consultationâ€”Staff Report; Informational Annex, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion; and Statement...

International Monetary Fund (IMF); International … - 2013

Kiribati is one of the poorest and most remote microstates in the Pacific. It is highly dependent on volatile fishing license fees, remittances, and donor assistance. The challenge is to implement fiscal and structural reforms to help ensure fiscal sustainability, promote private sector...

Persistent link: https://www.econbiz.de/10011245734

Philippines; Selected Issues

International Monetary Fund (IMF); International … - 2013

This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the...

Persistent link: https://www.econbiz.de/10011245832

WOULD ECONOMIC RECOVERY IMPLY FISCAL STABILIZATION IN SERBIA?

Arsić, Milojko; Nojković, Aleksandra; Ranđelović, Saša - In: Serbian Association of Economists Journal (2013) 3-4, pp. 222-237

. ln this paper we provide econometric estimate of the size and the dynamics of structural fiscal deficit (cyclically and …, structural fiscal deficit in Serbia was relatively low (below 2% of GDP) in the peri od 20042006, and rose sharply starting from … to creation of structural fiscal deficit in Ser bia. Based on the results, economic recovery will not lead to substanti …

Persistent link: https://www.econbiz.de/10010672364

Growth Forecast Errors and Fiscal Multipliers

Blanchard, Olivier J.; Leigh, Daniel - International Monetary Fund (IMF) - 2013

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong,...

Persistent link: https://www.econbiz.de/10010790265

The Challenge of Debt Reduction during Fiscal Consolidation

Eyraud, Luc; Weber, Anke - International Monetary Fund (IMF) - 2013

Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wiped out by the decline in output. Although this effect is not long-lasting and...

Persistent link: https://www.econbiz.de/10010790284

Options and Strategies for Fiscal Consolidation in India

Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2013

The paper uses a multi-region DSGE model to quantify the macroeconomic implications of three adjustment scenarios for India: growth-friendly, social-friendly, and a benchmark case centered on bringing down unproductive spending and strengthening the consumption tax. Simulations indicate that...

Persistent link: https://www.econbiz.de/10010790422