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Composition of Government Expenditure, Human Capital Accumulation, and Welfare

Matovu, John - International Monetary Fund (IMF) - 2000

affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead … alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that … to higher economic growth depending on the form of financing; young generations benefit most from social spending …

Persistent link: https://www.econbiz.de/10005768921

Medium-Term Budgetary Frameworks; Lessons for Austria From International Experience

Lundbäck, Erik J. - International Monetary Fund (IMF) - 2008

The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other...

Persistent link: https://www.econbiz.de/10005826033

Fiscal Reaction Functions in the CFA Zone; An Analytical Perspective

Williams, Oral; Adedeji, Olumuyiwa - International Monetary Fund (IMF) - 2007

The stance of fiscal policy in CEMAC and WAEMU is strongly influenced by fiscal effort in the previous period. This persistence underscores the risks of a procyclical fiscal policy stance, given these countries' high degree of dependence on primary commodities and exposure to terms of trade...

Persistent link: https://www.econbiz.de/10005826124

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-offs have to be made when setting up a fiscal framework...

Persistent link: https://www.econbiz.de/10005826284

Fiscal Adjustment in Transition Countries; Evidence From the 1990's

Purfield, Catriona - International Monetary Fund (IMF) - 2003

In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger...

Persistent link: https://www.econbiz.de/10005826321

Public Expenditure Management in Francophone Africa; A Cross-Country Analysis

Moussa, Yaya - International Monetary Fund (IMF) - 2004

There are strong similarities between the French and French-inspired African PEM systems in terms of the legal setting, rules, and procedures. However, there are differences in practice, particularly in accounting and reporting, audit, and external control. Among the African countries...

Persistent link: https://www.econbiz.de/10005826381

Transition Economies; How Appropriate is the Size and Scope of Government?

International Monetary Fund (IMF); International … - 2001

have retrenched in terms of public expenditures in relation to GDP, as well as public employment as a share of population …

Persistent link: https://www.econbiz.de/10005826413

Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries

Cabezon, Ezequiel; Prakash, Tej - International Monetary Fund (IMF) - 2008

This paper examines, in a formal econometric framework, the linkages between public financial management and fiscal outcomes in sub-Saharan African countries. Similar analyses have been done for Latin America, Europe, and the United States, but none in the context of low-income countries. Using...

Persistent link: https://www.econbiz.de/10005826431

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 Cyclicality of Fiscal Policies in the CEMAC Region

International Monetary Fund (IMF); International … - 2011

This paper examines fiscal cyclicality in the CEMAC region during 1980-2008. The issue has attracted very little empirical interest but is important if fiscal policies are to play a role in mitigating external shocks that exacerbate economic cycles across the region. We assess whether fiscal...

Persistent link: https://www.econbiz.de/10009293764