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Markov-perfect optimal fiscal policy : the case of unbalanced budgets

Ortigueira, Salvador (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003648112

Fiscal Policy and Private Sector Saving Behavior : Tests of Ricardian Equivalence in Some Developing Economies

International Monetary Fund - 1987

Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...

Persistent link: https://www.econbiz.de/10014396483

Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees

International Monetary Fund - 1989

sector’s loan portfolio to eliminate risk, full government guarantee of private sector loans (or deposits) is suboptimal. The …

Persistent link: https://www.econbiz.de/10014395814

National Savings and Targets for the Federal Budget Balance in the United States

International Monetary Fund - 1989

The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …

Persistent link: https://www.econbiz.de/10014395902

Fiscal Transparency, Accountability, and Risk

International Monetary Fund - 2012

This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...

Persistent link: https://www.econbiz.de/10014410215

Monetary and budgetary policy interaction : an SVAR analysis of stabilization policies in monetary union

Claeys, Peter (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002126961

The Design of Instruments for Government Finance in an Islamic Economy

International Monetary Fund - 1998

monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of …

Persistent link: https://www.econbiz.de/10014400833

Fiscal Implications of the Global Economic and Financial Crisis

International Monetary Fund - 2009

This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the...

Persistent link: https://www.econbiz.de/10014401002

Fiscal Policy and the Current Account

International Monetary Fund - 2010

This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the fiscal...

Persistent link: https://www.econbiz.de/10014402866

On Fixed and Variable Fiscal Surplus Rules

International Monetary Fund - 2004

Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...

Persistent link: https://www.econbiz.de/10014404172