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Fiscal Consolidation in the Euro Area; How Much Can Structural Reforms Ease the Pain?
Anderson, Derek; Hunt, Ben; Snudden, Stephen - International Monetary Fund (IMF) - 2013
euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The … results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative …
Persistent link: https://www.econbiz.de/10011242309
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Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname
Kanda, Daniel; Mansilla, Mario - International Monetary Fund (IMF) - 2014
This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation...
Persistent link: https://www.econbiz.de/10010800972
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Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union
Tsyvinski, Aleh; Petri, Martin; Taube, Günther - International Monetary Fund (IMF) - 2002
implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and …
Persistent link: https://www.econbiz.de/10005248158
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Fiscal Sustainability in Heavily Indebted Countries Dependenton Nonrenewable Resources; The Case of Gabon
Ntamatungiro, Joseph - International Monetary Fund (IMF) - 2004
This paper proposes a framework for assessing fiscal sustainability in heavily indebted countries dependent on exhaustible resources, with reference to Gabon. It finds that fiscal sustainability could be achieved by: (i) developing a fiscal rule for the non-oil primary fiscal balance compatible...
Persistent link: https://www.econbiz.de/10005248171
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Fiscal Adjustment in Eu Countries; A Balance Sheet Approach
Moriyama, Kenji; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2004
figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance … sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been … accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between …
Persistent link: https://www.econbiz.de/10005253008
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Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy; Lessons From the Republic of Congo
Carcillo, Stéphane; Villafuerte, Mauricio; Leigh, Daniel - International Monetary Fund (IMF) - 2007
In a number of oil producing countries, oil revenue accounts for the majority of government revenue, but is expected to … model with habit formation. Realism is added by allowing for negative growth-adjusted interest rates during a temporary …
Persistent link: https://www.econbiz.de/10005263833
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Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa
Olters, Jan-Peter - International Monetary Fund (IMF) - 2007
Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal...
Persistent link: https://www.econbiz.de/10005263842
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Russia's Regions; Income Volatility, Labor Mobility and Fiscal Policy
Kwon, Goohoon; Spilimbergo, Antonio - International Monetary Fund (IMF) - 2005
Russia's regions are heavily exposed to regional income shocks because of an uneven distribution of natural resources and a Soviet legacy of heavily skewed regional specialization. Also, Russia has a limited mobility of labor and lacks fiscal instruments to deal with regional shocks. We assess...
Persistent link: https://www.econbiz.de/10005263862
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Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability
Botman, Dennis P. J.; Tuladhar, Anita - International Monetary Fund (IMF) - 2008
The Czech Republic has embarked on an ambitious tax reform and expenditure package to bring the deficit sustainably below 3 percent, and intends to reduce the deficit to 1 percent of GDP by 2012. To address the long-term fiscal challenge due to population aging, pension reform proposals are also...
Persistent link: https://www.econbiz.de/10005263864
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Australia and New Zealand Exchange Rates; A Quantitative Assessment
Edison, Hali J.; Vitek, Francis - International Monetary Fund (IMF) - 2009
The paper describes three empirical models commonly used to conduct exchange rate assessments and applies them to data for Australia and New Zealand. The baseline results using data and mediumterm projections available as of October 2008, suggest that the Australian and New Zealand dollars were...
Persistent link: https://www.econbiz.de/10005263907