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World Saving
Grigoli, Francesco; Herman, Alexander; Schmidt-Hebbel, Klaus - International Monetary Fund (IMF) - 2014
including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth …
Persistent link: https://www.econbiz.de/10011105401
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Country Stress Events; Does Governance Matter?
Kochanova, Anna; Caceres, Carlos - International Monetary Fund (IMF) - 2012
This paper analyzes the linkages between governance quality and country stress events. It focuses on two types of events: fiscal and political stress events, for which two innovative stress indicators are introduced. The results suggest that weaker governance quality is associated with a higher...
Persistent link: https://www.econbiz.de/10011242318
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Structural Breaks in Fiscal Performance; Did Fiscal Responsibility Laws Have Anything to Do with them?
Medina, Leandro; Caceres, Carlos; Corbacho, Ana - International Monetary Fund (IMF) - 2010
In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...
Persistent link: https://www.econbiz.de/10008727801
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U.S. Fiscal Policies and Priorities for Long-Run Sustainability
Mühleisen, Martin; Towe, Christopher M. - International Monetary Fund (IMF) - 2004
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
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A Primeron Fiscal Analysis in Oil-Producing Countries
Medas, Paulo A.; Zakharova, Daria - International Monetary Fund (IMF) - 2009
This paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second,...
Persistent link: https://www.econbiz.de/10005825789
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International Fuel Tax Assessment; An Application to Chile
Parry, Ian W.H.; Strand, Jon - International Monetary Fund (IMF) - 2011
Gasoline and diesel fuel are heavily taxed in many developed and some emerging and developing countries. Outside of the United States and Europe, however, there has been little attempt to quantify the external costs of vehicle use, so policymakers lack guidance on whether prevailing tax rates...
Persistent link: https://www.econbiz.de/10009203535
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Sri Lanka; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance...
Persistent link: https://www.econbiz.de/10011242713
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The Unequal Benefits of Fuel Subsidies; A Review of Evidence for Developing Countries
Coady, David; Granado, Javier Arze del - International Monetary Fund (IMF) - 2010
This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy results in a 6 percent decrease in income for all...
Persistent link: https://www.econbiz.de/10008671315
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Who's Going Green and Why? Trends and Determinants of Green Investment
Eyraud, Luc; Zhang, Changchang; Wane, Abdoul Aziz; … - International Monetary Fund (IMF) - 2011
This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...
Persistent link: https://www.econbiz.de/10009401202
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Indirect Taxeson International Aviation
Strand, Jon; Keen, Michael - International Monetary Fund (IMF) - 2006
This paper examines the case for internationally coordinated indirect taxes on aviation (as a source of general revenue …-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is … currently limited, yet it contributes significantly to border-crossing environmental damage. A tax on aviation fuel would …
Persistent link: https://www.econbiz.de/10005769201