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A Status Updateon Fiscal Exit Strategies
International Monetary Fund (IMF); International … - 2010
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries...
Persistent link: https://www.econbiz.de/10008777011
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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
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Aging Populations and Public Pension Schemes
Chand, Sheetal K.; Jaeger, Albert - International Monetary Fund (IMF) - 1996
Persistent link: https://www.econbiz.de/10005590852
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Fiscal Implications of the Global Economic and Financial Crisis
International Monetary Fund (IMF); International … - 2009
The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue decline from the downturn in commodity and asset prices, are leading to sharp...
Persistent link: https://www.econbiz.de/10010790494
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Portugal; Second Review Under the Extended Arrangement
International Monetary Fund (IMF); International … - 2011
Portugal’s economic adjustment has continued, but the contraction in output has been milder than expected. The 2012 outlook for Europe has deteriorated substantially, with growth revised down by 1¼ percentage points relative to spring forecasts. Substantially higher capital...
Persistent link: https://www.econbiz.de/10011245172
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The Challenge of Public Pension Reform in Advanced and Emerging Economies
Clements, Benedict J.; Coady, David; Eich, Frank; … - International Monetary Fund (IMF) - 2013
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the … challenge is generally to contain future increases in public pension spending as the population ages. In emerging market … economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced …
Persistent link: https://www.econbiz.de/10010790493
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Greece; Staff Report on Request for Stand-By Arrangement
International Monetary Fund (IMF); International … - 2010
The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so...
Persistent link: https://www.econbiz.de/10011245773
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Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability
Botman, Dennis P. J.; Tuladhar, Anita - International Monetary Fund (IMF) - 2008
due to population aging, pension reform proposals are also being considered. In this paper we assess the macroeconomic … GDP by 2012. Instead, raising the retirement age and prefunding future aging costs would be needed to keep debt below 60 …
Persistent link: https://www.econbiz.de/10005263864
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Fiscal Vulnerability and Financial Crises in Emerging Market Economies
Hemming, Richard; Schimmelpfennig, Axel; Kell, Michael - International Monetary Fund (IMF) - 2003
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 vulnerability indicators help to predict crises? Can fiscal variables explain the...
Persistent link: https://www.econbiz.de/10005590938
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Fiscal Policy Response to External Crises the Case of Moldova 1998-2010
Qehaja, Driton - International Monetary Fund (IMF) - 2012
External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...
Persistent link: https://www.econbiz.de/10010790375