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Fiscal Decentralization and Governance : A Cross-Country Analysis

International Monetary Fund - 2001

governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization/governance … the relationship between decentralization and governance depends on how subnational expenditures are financed. The higher … stronger the association between decentralization and governance …

Persistent link: https://www.econbiz.de/10014401240

Oil Shocks and External Balances

International Monetary Fund - 2007

This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries'' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global...

Persistent link: https://www.econbiz.de/10014401265

Fiscal Transparency and Economic Outcomes

International Monetary Fund - 2005

This paper develops indices of fiscal transparency for a broad range of countries based on the IMF''s Code of Good Practices on Fiscal Transparency, using data derived from published fiscal transparency modules of the Reports on the Observance of Standards and Codes (ROSCs). The indices covers...

Persistent link: https://www.econbiz.de/10014401735

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

A Status Updateon Fiscal Exit Strategies

International Monetary Fund - 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/10014402652

Transactions Costs and Vehicle Currencies

International Monetary Fund - 1989

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014396025

International Coordination of Economic Policies : Scope, Methods, and Effects

International Monetary Fund - 1988

This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and...

Persistent link: https://www.econbiz.de/10014396358

International Coordination of Fiscal Policies : A Review of Some Major Issues

International Monetary Fund - 1988

International coordination of macroeconomic policies has attracted much attention in recent years. The main issue has been whether economic performance can be improved by coordination Although it is still a controversial issue many economists have argued that coordination would make a positive...

Persistent link: https://www.econbiz.de/10014396391

Corruption and Military Spending

International Monetary Fund - 2000

indicates that defense spending can be considered for constructing governance indicators …

Persistent link: https://www.econbiz.de/10014399916