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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

An Approach to Long-Term Fiscal Policy Analysis

Papa M'B. P. N'Diaye; Dunaway, Steven Vincent - International Monetary Fund (IMF) - 2004

This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach attempts to overcome the difficulties in evaluating economic trade-offs and social...

Persistent link: https://www.econbiz.de/10005826020

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 Policy and Business Cycles in an Oil-Producing Economy; The Case of Venezuela

Baldini, Alfredo - International Monetary Fund (IMF) - 2005

This paper analyzes the fiscal policy in Venezuela during 1991-2003, by using a number of statistical approaches to analyze trends and cycles of economic output and fiscal outcomes. The business cycle features a strong dominance of short-term cyclical components-each cycle having an average...

Persistent link: https://www.econbiz.de/10005826101

Commodity Price Shocks and the Oddson Fiscal Performance

Kumah, Francis Y.; Matovu, John - International Monetary Fund (IMF) - 2005

Unanticipated changes in commodity prices can generate significant movements in fiscal aggregates. This paper seeks to understand the dynamics of these fiscal movements in the context of transitory commodity price shocks using sample data from four CIS countries- two oil-producing and two...

Persistent link: https://www.econbiz.de/10005826114

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

The Role for Counter-Cyclical Fiscal Policy in Singapore

Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2009

Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect...

Persistent link: https://www.econbiz.de/10005826280

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

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