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Priorities for strengthening key revenue sources in Asia

Gupta, Sanjeev; Jalles, João Tovar - In: Asian development review : studies of Asian and pacific … 40 (2023) 2, pp. 271-303

This paper discusses the evolution of key taxes during the past 20 years in developing Asia and the fiscal challenges … capacity and tax potential, and discusses the productivity of key taxes in the region. The paper finds that developing Asia has … property taxes. Increased allocations and better targeting of social spending would help offset some of the regressivity …

Persistent link: https://www.econbiz.de/10014426318

Unconventional Fiscal Policy in Times of High Inflation

Dao, Mai - 2023

The surge in energy prices in 2022 has been a defining factor behind the increase in euro area inflation. We assess the impact of "unconventional fiscal policy," defined as the set of fiscal measures, possibly expansionary, motivated by a desire to mute the effects of the increase in energy...

Persistent link: https://www.econbiz.de/10015059180

Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries

Clements, Benedict J.; Gupta, Sanjeev; Baldacci, Emanuele; … - International Monetary Fund (IMF) - 2002

This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in...

Persistent link: https://www.econbiz.de/10005264087

Expansionary Austerity New International Evidence

Leigh, Daniel; Pescatori, Andrea; Guajardo, Jaime - International Monetary Fund (IMF) - 2011

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by...

Persistent link: https://www.econbiz.de/10009203541

Fiscal and Monetary Policy During Downturns; Evidence From the G7

Stehn, Sven Jari; Leigh, Daniel - International Monetary Fund (IMF) - 2009

This paper analyzes how fiscal and monetary policy typically respond during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and compares the response of fiscal policy to that of monetary policy. The results suggest that while...

Persistent link: https://www.econbiz.de/10005826429

Fiscal Management of Scaled-Up Aid

Gupta, Sanjeev; Last, Duncan; Adenauer, Isabell; … - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending...

Persistent link: https://www.econbiz.de/10005605053

The Macroeconomic Challenges of Scaling Up Aid to Africa

Yang, Yongzheng; Powell, Robert; Gupta, Sanjeev - International Monetary Fund (IMF) - 2005

This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are...

Persistent link: https://www.econbiz.de/10005605181

The Distributional Effects of Fiscal Consolidation

Ball, Laurence M.; Furceri, Davide; Leigh, Daniel; … - International Monetary Fund (IMF) - 2013

This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing...

Persistent link: https://www.econbiz.de/10010790370

A New Action-Based Dataset of Fiscal Consolidation

Pescatori, Andrea; Leigh, Daniel; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2011

discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a …

Persistent link: https://www.econbiz.de/10009151218

To Starve or Not to Starve the Beast?

Kumhof, Michael; Leigh, Daniel; Laxton, Douglas - International Monetary Fund (IMF) - 2010

For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government …

Persistent link: https://www.econbiz.de/10008671300