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Chand, Sheetal K. - International Monetary Fund (IMF) - 1992

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual...

Persistent link: https://www.econbiz.de/10005248137

The Impact of Macroeconomic Policieson the Level of Taxation (andon the Fiscal Balance) in Developing Countries

Tanzi, Vito - International Monetary Fund (IMF) - 1988

periods. These changes are too large and too sudden to attribute fully to a deterioration in tax administration or to changes … in the traditional determinants of tax levels. The paper argues that they should be attributed mostly to macroeconomic … policies. The paper discusses the connection between tax levels and (a) the real value of the official exchange rate, (b …

Persistent link: https://www.econbiz.de/10005768723

Fiscal Sustainability and Resource Mobilization in the Dominican Republic

Melhado, Oscar E. - International Monetary Fund (IMF) - 2003

This paper examines fiscal sustainability and resource mobilization in the Dominican Republic. The fiscal position appears to be sustainable, if resource mobilization is strengthened. If expenditure continues to rise (relative to GDP), without any further fiscal adjustment, indicators of...

Persistent link: https://www.econbiz.de/10005599213

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

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

Tax Reform and Debt Sustainability in Germany; An Assessment Using the Global Fiscal Model

Botman, Dennis P. J.; Danninger, Stephan - International Monetary Fund (IMF) - 2007

effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The … term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to …

Persistent link: https://www.econbiz.de/10005826636

Politics, Government Size, and Fiscal Adjustment in Industrial Countries

Annett, Anthony - International Monetary Fund (IMF) - 2002

clear relationships between the type of political system and choice of tax and expenditure system. The paper also examines …

Persistent link: https://www.econbiz.de/10005599740

Fiscal Transparency in EU Accession Countries; Progress and Future Challenges

Allan, William; Parry, Taryn - International Monetary Fund (IMF) - 2003

This paper discusses the findings of fiscal transparency reports on standards and codes (ROSCs) for most EU accession candidate countries. Emphasis is given to the need to establish effective and accountable medium-term budget frameworks to establish policy credibility and anchor adjustment...

Persistent link: https://www.econbiz.de/10005605347