Narrow search
Showing 1 - 10 of 405
Cover Image
Public Sector Efficiency and Fiscal Austerity
International Monetary Fund - 1998
private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of … or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
Cover Image
Soft Budget Constraints, Firm Commitments and the Social Safety Net
International Monetary Fund - 1991
It is shown that the inefficiencies created by the “soft” budget constraint, enjoyed by enterprises in Eastern Europe and elsewhere, will continue so long as governments are unable credibly to threaten not to bail out loss-makers. Commitment to a “hard” budget constraint can best be...
Persistent link: https://www.econbiz.de/10014396100
Cover Image
Making Public Investment More Efficient
International Monetary Fund - 2015
investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …
Persistent link: https://www.econbiz.de/10014408564
Cover Image
Interpreting Real Exchange Rate Movements in Transition Countries
International Monetary Fund - 2001
that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …
Persistent link: https://www.econbiz.de/10014403602
Cover Image
International Spillovers of Taxiation
International Monetary Fund - 1989
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
Cover Image
Albania; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Albania
International Monetary Fund (IMF); International … - 2011
productivity by attracting foreign investment is essential for higher sustainable growth. …
Persistent link: https://www.econbiz.de/10011242478
Cover Image
Germany; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2008
consistent with, the forces of international financial integration. Stepping up productivity is the key to sustaining growth …
Persistent link: https://www.econbiz.de/10011242796
Cover Image
The Role of the Public Sector in the Market Economies of Developing Asia : General Lessons for the Current Debt Strategy
International Monetary Fund - 1988
This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public …
Persistent link: https://www.econbiz.de/10014395758
Cover Image
The Quality of Governance : Second-Generation Civil Service Reform in Africa
International Monetary Fund - 1998
This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era the quality of governance has seriously declined, and the stock of human capital in the...
Persistent link: https://www.econbiz.de/10014401612
Cover Image
Public Sector Debt Definitions and Reporting in Low-Income Developing Countries
International Monetary Fund - 2020
Increasing public debt vulnerabilities in low-income developing countries (LIDCs) have heightened the need for fuller and more transparent accounting of public sector debt (PSD). The framework for reporting on public sector debt is sound. But there is room for LIDCs to further improve their...
Persistent link: https://www.econbiz.de/10014407902