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Coordination of Monetary and Fiscal Policies

International Monetary Fund - 1998

effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the …

Persistent link: https://www.econbiz.de/10014401884

Public Sector Efficiency and Fiscal Austerity

International Monetary Fund - 1998

This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on...

Persistent link: https://www.econbiz.de/10014400822

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

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

Fiscal Constraints of a Fixed Exchange Rate Regime

International Monetary Fund - 1989

one another; and that the case for coordination of fiscal policies—whatever its merits—is not enhanced by the creation of …

Persistent link: https://www.econbiz.de/10014395841

Dynamics of Devaluation and ""Equivalent"" Fiscal Policies for a Small Open Economy

International Monetary Fund - 1989

In pursuing a steady-state reserve target, policymakers in small open economies can resort to devaluation or to temporary increases in public saving. This paper contrasts the dynamic implications of these alternative policies in a model with optimizing agents who possess perfect foresight. In...

Persistent link: https://www.econbiz.de/10014395937

Fiscal Indicators for Economic Growth : Illusory Search?

International Monetary Fund - 1990

The search for ways to ensure growth while accommodating necessary expenditure cuts to correct fiscal imbalances, has often led to the advocacy of the government own savings (GOS) measure as an indicator of growth potential in fiscal adjustment. This paper critically examines the rationale of...

Persistent link: https://www.econbiz.de/10014396045

Policy Assignment Strategies with Somewhat Flexible Exchange Rates Policy

International Monetary Fund - 1988

The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the...

Persistent link: https://www.econbiz.de/10014396345

Fiscal Policy, Labor Markets and the Poor

International Monetary Fund - 1990

In designing policy measures, including possible social safety nets, targeted to the poor, it is important to fully understand the efficiency implications of these measures. There is abundant macroeconomic literature on their negative effects on the poor’s work effort. The literature, however,...

Persistent link: https://www.econbiz.de/10014396380

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 contribution to economic performance. This paper deals with the …

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