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A Status Updateon Fiscal Exit Strategies
International Monetary Fund (IMF); International … - 2010
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries...
Persistent link: https://www.econbiz.de/10008777011
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Should Advanced Countries Adopt a Fiscal Responsibility Law?
Lienert, Ian - International Monetary Fund (IMF) - 2010
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and...
Persistent link: https://www.econbiz.de/10008727812
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Budget Institutions and Fiscal Performance in Low-Income Countries
Gollwitzer, Sophia; Kvintradze, Eteri; Prakash, Tej; … - International Monetary Fund (IMF) - 2010
This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countries, across regions, and according to different institutional arrangements that...
Persistent link: https://www.econbiz.de/10008470408
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Fiscal Adjustments; Determinants and Macroeconomic Consequences
Plekhanov, Alexander; Kumar, Manmohan S.; Leigh, Daniel - International Monetary Fund (IMF) - 2007
in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also …
Persistent link: https://www.econbiz.de/10005599708
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Riding the Roller Coaster; Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean
Murphy, Pablo Lopez; Villafuerte, Mauricio; Ossowski, … - International Monetary Fund (IMF) - 2010
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees...
Persistent link: https://www.econbiz.de/10008727790
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Making Fiscal Space Happen; Managing Fiscal Policy in a World of Scaled-Up Aid
Debrun, Xavier; Heller, Peter S.; Thomas, Theo; Katz, … - International Monetary Fund (IMF) - 2006
Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure … a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal … expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated …
Persistent link: https://www.econbiz.de/10005599631
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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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The Role of Fiscal Transparency in Sustaining Stability and Growth in Latin America
Parry, Taryn - International Monetary Fund (IMF) - 2007
Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will...
Persistent link: https://www.econbiz.de/10005826063
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India’s Experience with Fiscal Rules; An Evaluation and the Way Forward
Simone, Alejandro; Topalova, Petia - International Monetary Fund (IMF) - 2009
policy on debt sustainability by the use of a medium term debt target, and annual nominal expenditure growth rules is … stabilizers. Numerical targets should be supported by structural reform measures for both revenues and expenditures, while the …
Persistent link: https://www.econbiz.de/10008528639
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The Impact of the Global Crisison South-Eastern Europe
Spadafora, Francesco; Cocozza, Emidio; Colabella, Andrea - International Monetary Fund (IMF) - 2011
This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...
Persistent link: https://www.econbiz.de/10009401192