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Fiscal Transparency and Economic Outcomes

International Monetary Fund - 2005

better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables …

Persistent link: https://www.econbiz.de/10014401735

Corruption and Military Spending

International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …

Persistent link: https://www.econbiz.de/10014399916

Corruption and the Rate of Temptation : Do Low Wages in the Civil Service Cause Corruption?

International Monetary Fund - 1997

This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models …, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary … importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption …

Persistent link: https://www.econbiz.de/10014400303

Oil Rents, Corruption, and State Stability : Evidence From Panel Data Regressions

International Monetary Fund - 2009

We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …

Persistent link: https://www.econbiz.de/10014402218

Assessing Fiscal Space : An Initial Consistent Set of Considerations

International Monetary Fund - 2016

Fiscal space is a multi-dimensional concept reflecting whether a government can raise spending or lower taxes without endangering market access and debt sustainability. Making such a determination requires a comprehensive approach considering, among other things, initial economic and structural...

Persistent link: https://www.econbiz.de/10014408615

Monetary and Fiscal Policy Design Issues in Low-Income Countries

International Monetary Fund - 2005

Considers possible adjustments in the design of Fund-supported programs, drawing on the experience of low-income countries that have successfully addressed the most apparent domestic macroeconomic imbalances

Persistent link: https://www.econbiz.de/10014409774

Modernizing the Framework for Fiscal Policy and Public Debt Sustainability Analysis

International Monetary Fund - 2011

Modernizing the framework for fiscal policy and public debt sustainability analysis (DSA) has become necessary, particularly in light of the recent crisis and rising sustainability concerns in some advanced economies. While recognizing the inherently challenging nature of such analysis, this...

Persistent link: https://www.econbiz.de/10014410505

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

International Monetary Fund - 1988

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...

Persistent link: https://www.econbiz.de/10014395760

Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees

International Monetary Fund - 1989

The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...

Persistent link: https://www.econbiz.de/10014395814

Fiscal Constraints of a Fixed Exchange Rate Regime

International Monetary Fund - 1989

The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective constraint is on the degree of monetary financing, which bears an uncertain...

Persistent link: https://www.econbiz.de/10014395841