Search Results - subject:"Budget constraints"

Post-Crisis Fiscal Policy Priorities for the AsEAN-5

International Monetary Fund (IMF); International … - 2010

This paper focuses on post-crisis fiscal priorities in the ASEAN-5 economies - Indonesia, Malaysia, Philippines, Singapore and Thailand. Sound economic fundamentals and timely and forceful policy responses to the crisis, including fiscal stimulus, contributed to rapid economic recovery in the...

Persistent link: https://www.econbiz.de/10008727808

The Global Integrated Monetary and Fiscal Model (GIMF); Theoretical Structure

Laxton, Douglas; Mursula, Susanna; Kumhof, Michael; … - International Monetary Fund (IMF) - 2010

This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF for a variety of tasks including policy analysis, risk analysis, and surveillance.

Persistent link: https://www.econbiz.de/10008519497

On the Link Between Fiscal Decentralization and Public Debt in OECD Countries

Baskaran, Thushyanthan - Volkswirtschaftliche Fakultät, … - 2010

Excessive borrowing by subnational governments is considered to be one of the perils of fiscal decentralization. On the other hand, fiscal decentralization might ensure the scal stability of the public sector by constraining Leviathan governments. Since the impact of decentralized government on...

Persistent link: https://www.econbiz.de/10008529205

Bidding among Friends and Enemies with Symmetric Information

Ettinger, David - HAL - 2010

We consider an auction setting, in a symmetric information framework, in which bidders, even if they fail to obtain the good, care about the price paid by the winner. We prove that the outcome of the first- price auction is not aff ected by identity independent price externalities while the...

Persistent link: https://www.econbiz.de/10010550434

The Timing of Elections in Federations : A Disciplining Device against Soft Budget Constraints ?.

Kaiser, Karolina; Taugourdeau, Emmanuelle - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is …

Persistent link: https://www.econbiz.de/10008568167

The Timing of Elections in Federations : A Disciplining Device against Soft Budget Constraints ?

Kaiser, Karolina; Taugourdeau, Emmanuelle - HAL - 2010

potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is …

Persistent link: https://www.econbiz.de/10008795801

The Political Economy of School Size: Evidence from Chilean Rural Areas

Gallego, Francisco - Instituto de Economía, Facultad de Ciencia Económicas … - 2010

that operate under soft budget constraints. In this paper, we study the effects of this system on per-student expenditures … budget constraints do not consolidate these schools giving the existing potential because of political factors: closing … political competition in areas with better access to non-voucher transfers from the central government (i.e. with softer budget …

Persistent link: https://www.econbiz.de/10008642615

Some Uncomfortable Arithmetic Regarding Europeâ€™s Public Finances

International Monetary Fund (IMF); International … - 2010

Traditional fiscal indicators focused on measures of current deficits and debt miss the potentially important implications of current policies for future public finances. This could be problematic, including in the case of Europe, where population aging is expected to pose additional fiscal...

Persistent link: https://www.econbiz.de/10008646429

The Timing of Elections in Federations : A Disciplining Device against Soft Budget Constraints ?

Kaiser, Karolina; Taugourdeau, Emmanuelle - HAL - 2010

potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is …

Persistent link: https://www.econbiz.de/10010603662

A Public Financial Management Framework for Resources-Producing Countries

Hélis, Jean-Luc; Sánchez, Teresa Dabán - International Monetary Fund (IMF) - 2010

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform...

Persistent link: https://www.econbiz.de/10008470407