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Political Price Cycles in Regulated Industries : Theory and Evidence

Moita, Rodrigo - 2006

Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. A MODEL OF A POLITICAL PRICE CYCLES IN A REGULATED INDUSTRY -- IV. EMPIRICAL EVIDENCE -- V. CONCLUDING REMARKS -- Appendix 1. List of Countries Included in the Empirical Work -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691100

Electoral Cycles in Tax Reforms

David, Antonio - 2022

We examine electoral cycles in tax reforms using monthly data over the period of 1990-2018 for 22 advanced economies and emerging markets. We show that governments tend to avoid announcing tax reforms during the months running up to elections. In addition, they become more likely to announce...

Persistent link: https://www.econbiz.de/10015059993

What Determines the Implementation of IMF-Supported Programs?

Mourmouras, Alex; Ivanova, Anna; Anayotos, George C.; … - International Monetary Fund (IMF) - 2003

with conditionality, and the share of committed funds disbursed. The econometric model allows an evaluation of the … importance for program implementation of political conditions in borrowing countries, IMF effort, conditionality, as well as … cohesion, and ethno-linguistic divisions weaken program implementation. IMF effort, the extent and structure of conditionality …

Persistent link: https://www.econbiz.de/10005605139

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Moon, Soojin; Bulir, Ales - International Monetary Fund (IMF) - 2003

compression. We did not find evidence of a statistically significant impact of IMF conditionality. Morever, fiscal improvements …

Persistent link: https://www.econbiz.de/10005263802

Structural Breaks in Fiscal Performance; Did Fiscal Responsibility Laws Have Anything to Do with them?

Medina, Leandro; Caceres, Carlos; Corbacho, Ana - International Monetary Fund (IMF) - 2010

In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...

Persistent link: https://www.econbiz.de/10008727801

Government Spending, Legislature Size, and the Executive Veto

Baqir, Reza - International Monetary Fund (IMF) - 2001

Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the executive veto. A simple theoretical framework predicts that jurisdictions with...

Persistent link: https://www.econbiz.de/10005768732

Guarding Against Fiscal Risks in Hong Kong SAR

International Monetary Fund (IMF); International … - 2007

Hong Kong SAR's government faces the dual challenges of volatile revenue and medium term spending pressures arising from a rapidly aging population. Age-related spending pressures raise long-run sustainability concerns, while revenue volatility creates risks to service provision, possibly...

Persistent link: https://www.econbiz.de/10005599716

Politically Optimal Fiscal Policy

Yakadina, Irina; Kumhof, Michael - International Monetary Fund (IMF) - 2007

Why do governments issue large amounts of debt? In what sense and for whom is such a policy optimal? We show that twisting the optimal taxation paradigm produces very reasonable predictions for debt and real interest rates. Adding an extra dimension of uncertainty about the political planning...

Persistent link: https://www.econbiz.de/10005599742

The Effects of Monetary and Fiscal Policy on Aggregate Demand in a Small Open Economy; An Application of the Structural Error Correction Model

Konuki, Tetsuya - International Monetary Fund (IMF) - 2000

This paper empirically analyzes the short-run effects of monetary and fiscal policy on aggregate demand, using the two-step structural error correction method. This method has an advantage over the standard reduced-form error correction method in providing a meaningful interpretation for impulse...

Persistent link: https://www.econbiz.de/10005605392

Natural Resource Endowments, Governance, and the Domestic Revenueeffort; Evidence From a Panel of Countries

Thornton, John; Bornhorst, Fabian; Gupta, Sanjeev - International Monetary Fund (IMF) - 2008

The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public...

Persistent link: https://www.econbiz.de/10005825627