Narrow search
Showing 1 - 10 of 106,090
Cover Image
Fiscal Policy and Macroeconomic Stability; Automatic Stabilizers Work, Always and Everywhere
Debrun, Xavier; Kapoor, Radhicka - International Monetary Fund (IMF) - 2010
The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government’s ambivalent role as a shock absorber and a shock inducer—removing a downward bias present in existing estimates of the...
Persistent link: https://www.econbiz.de/10008533230
Cover Image
Medium-Term Budgetary Frameworks; Lessons for Austria From International Experience
Lundbäck, Erik J. - International Monetary Fund (IMF) - 2008
medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to …
Persistent link: https://www.econbiz.de/10005826033
Cover Image
Expenditure Ceilings: A Survey
Ljungman, Gösta - International Monetary Fund (IMF) - 2008
This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is … argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade … illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the …
Persistent link: https://www.econbiz.de/10005826284
Cover Image
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
Cover Image
A New Action-Based Dataset of Fiscal Consolidation
Pescatori, Andrea; Leigh, Daniel; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2011
This paper presents a new dataset of fiscal consolidation for 17 OECD economies during 1978-2009. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a response to prospective economic conditions. To identify...
Persistent link: https://www.econbiz.de/10009151218
Cover Image
Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
Cover Image
Government Size and Output Volatility; Should We forsake Automatic Stabilization?
Pisani-Ferry, Jean; Debrun, Xavier; Sapir, André - International Monetary Fund (IMF) - 2008
extra stability can be gained by expanding public expenditure beyond 40 percent of GDP. …
Persistent link: https://www.econbiz.de/10005768950
Cover Image
Israel; Selected Issues
International Monetary Fund (IMF); International … - 2011
The study shows that the Israeli economy has emerged unscathed from the global financial crisis. The first part of the study outlines the relationship between risk and Israel’s macroeconomic performance, estimated through a regression analysis. The second part of the study focuses on...
Persistent link: https://www.econbiz.de/10011243589
Cover Image
Fiscal Vulnerability and Financial Crises in Emerging Market Economies
Hemming, Richard; Schimmelpfennig, Axel; Kell, Michael - International Monetary Fund (IMF) - 2003
Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the...
Persistent link: https://www.econbiz.de/10005590938
Cover Image
The Baltics; Medium-Term Fiscal Issues Related to EU and NATO Accession
International Monetary Fund (IMF); International … - 2002
This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession. The paper supports the Baltic authorities’ intention to aim at balancing their budgets over the economic cycle. The paper describes the Baltics’ current fiscal...
Persistent link: https://www.econbiz.de/10005591162