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Fiscal Federalism and Government Size in Transition Economies : The Case of Moldova

International Monetary Fund - 1999

This paper examines the relationship between fiscal decentralization—the assignment of revenue sources and expenditure functions across government levels—and government size in Moldova. The empirical results—based on data for a cross-section of Moldovan subnational governments in...

Persistent link: https://www.econbiz.de/10014401041

Transition Economies : How Appropriate is the Size and Scope of Government?

International Monetary Fund - 2001

This paper assesses changes in the size and scope of government in 24 transition economies. Whereas these governments have retrenched in terms of public expenditures in relation to GDP, as well as public employment as a share of population, some indicators suggest that size remains high (e.g.,...

Persistent link: https://www.econbiz.de/10014403626

Bank Reform and Bank Efficiency in Pakistan

International Monetary Fund - 2001

profitability and cost and revenue efficiency of the banking sector are evaluated. The revenue performance of all banks, and …

Persistent link: https://www.econbiz.de/10014400681

Public Sector Efficiency and Fiscal Austerity

International Monetary Fund - 1998

or may not improve economic efficiency …

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

Improving Public Investment Efficiency in the G-20

International Monetary Fund - 2015

-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment … management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent …

Persistent link: https://www.econbiz.de/10014408539

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

Regulatory Capture in Banking

International Monetary Fund - 2006

Banks will want to influence the bank regulator to favor their interests, and they typically have the means to do so. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator may impose very tight, costly prudential requirements to...

Persistent link: https://www.econbiz.de/10014400538

Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy

International Monetary Fund - 2005

Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...

Persistent link: https://www.econbiz.de/10014400699

Inflation Targeting and Output Growth : Empirical Evidence for the European Union

International Monetary Fund - 2005

This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...

Persistent link: https://www.econbiz.de/10014400852

Inflation Differentials in the EU : A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects

International Monetary Fund - 2008

This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components. Cross-country differences in common-origin...

Persistent link: https://www.econbiz.de/10014401399

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