Intro -- Contents -- I. INTRODUCTION -- II. KEY FEATURES OF THE GLOBAL FISCAL MODEL -- III. CALIBRATING THE MODEL -- IV …

Indonesia's tax reform cum fiscal adjustment experience since 2001. The paper describes Indonesia's fiscal adjustment strategy …Tax administration reforms can play an important role in fiscal adjustment. This role is examined by reviewing …, its tax administration reforms, and assesses the impact of these reforms on fiscal adjustment. Evidence suggests tax …

The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in … allocate them efficiently; and (c) the major reforms necessary in the fiscal area. It also calls attention to the extent to … which monetary and fiscal policies overlap in these countries and the implications of that overlapping. …

The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a …

Building on the substantial progress made in establishing fiscal systems consistent with market economies, the paper … identifies priorities for further fiscal structural reforms among the Commonwealth of Independent States (CIS) countries …. Activities of extra budgetary accounts and quasi-fiscal activities need to be brought into the budget framework. Although there …

of alternative fiscal adjustment and structural reform strategies to address these global aging pressures using the IMF …'s Global Fiscal Model (GFM). The results suggest substantial spillover effects of aging through international financial … channels. To maintain sustainability, fiscal adjustment needs to be broad-based, while avoiding increases in direct taxes …

How does fiscal policy fare in improving the underlying income distribution in Central America? We integrate the data …

The paper studies the setting of optimal fiscal policy in a second-best world with environmental externalities. The …

We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform … using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the … all critical for determining the impact of fiscal policy. Four topical fiscal policy issues, for a representative large …