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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

Issues in Intergovernmental Fiscal Relations in China

Dabla-Norris, Era - International Monetary Fund (IMF) - 2005

The paper reviews the changing nature of intergovernmental fiscal relations between the provinces and the central government in China over the past two decades and provides an assessment of the success of previous reforms in meeting their objectives. Key existing weaknesses in the current system...

Persistent link: https://www.econbiz.de/10005826054

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

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

The Fiscal Smile; The Effectiveness and Limits of Fiscal Stabilizers

Silgoner, Maria Antoinette; Crespo-Cuaresma, Jesús; … - International Monetary Fund (IMF) - 2003

We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle …

Persistent link: https://www.econbiz.de/10005826403

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