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Mobilizing Revenue in Sub-Saharan Africa; Empirical Norms and Key Determinants

International Monetary Fund (IMF); International … - 2012

natural resources, are important determinants of tax revenue. …

Persistent link: https://www.econbiz.de/10011242287

Assessing Fiscal Sustainability Under Uncertainity

Barnhill, Theodore M.; Kopits, George - International Monetary Fund (IMF) - 2003

Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly captures the contribution of key risk variables to public sector vulnerability. In an illustrative application to Ecuador, the VaR approach confirms a significant risk of...

Persistent link: https://www.econbiz.de/10005826365

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

International Monetary Fund (IMF); International … - 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/10005826413

Tax Revenue Forecasts in IMF-Supported Programs

Golosov, Mikhail; King, J. R. - International Monetary Fund (IMF) - 2002

Year-ahead forecasts of tax revenues incorporated into IMF programs for low-income countries, from 1993 to 1999, are … percent. Forecasts of tax revenues as a percentage of GDP were biased upwards, but there was no significant bias in forecasts … of nominal tax revenues. Upward bias in the tax revenue forecasts was associated with subsequent interruptions to the …

Persistent link: https://www.econbiz.de/10005768789

Tax Administration in Developing Countries; An Economic Perspective

Mansfield, Charles Y. - International Monetary Fund (IMF) - 1987

This paper examines the role of tax administration in developing countries from an economic perspective. The … traditional separation of tax policy and tax administration in the literature is shown to break down in developing countries …, where tax administrators decide in what manner complicated tax legislation should actually be applied. After surveying …

Persistent link: https://www.econbiz.de/10005768804

Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union

Pellechio, Anthony J.; Rizavi, Saqib; Kufa, Phebby - International Monetary Fund (IMF) - 2003

The fiscal position of the Eastern Caribbean Currency Union (ECCU) has deteriorated significantly in recent years, resulting in sharp increases in public debt. The sustainability of public debt is examined using the public sector budget constraint to derive the maximum public-debt-to-GDP ratio...

Persistent link: https://www.econbiz.de/10005605374

Fiscal Policy Response to External Crises the Case of Moldova 1998-2010

Qehaja, Driton - International Monetary Fund (IMF) - 2012

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...

Persistent link: https://www.econbiz.de/10010790375

Strengthening Russia's Fiscal Framework

Zakharova, Daria; Gust, Charleen - International Monetary Fund (IMF) - 2012

Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to...

Persistent link: https://www.econbiz.de/10011242442

An Assessment of Fiscal Rules in the United Kingdom

Kell, Michael - International Monetary Fund (IMF) - 2001

The paper assesses the United Kingdom's golden rule and debt rule against "ideal characteristics" of fiscal rules. It concludes that they are clearly defined; transparent in institutional arrangements and measurement; adequate to ensure sustainability; and strike a good balance between flexibility...

Persistent link: https://www.econbiz.de/10005825796

The Fiscal Smile; The Effectiveness and Limits of Fiscal Stabilizers

Silgoner, Maria Antoinette; Crespo-Cuaresma, Jesús; … - International Monetary Fund (IMF) - 2003

We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high...

Persistent link: https://www.econbiz.de/10005826403