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Expenditure Composition and Distortionary Tax for Equitable Economic Growth.

Park, Hyun - 2006

Persistent link: https://www.econbiz.de/10012691087

Improving Surveillance Across the Cemac Region

Iossifov, Plamen; Takebe, Misa; Zhan, Zaijin; … - International Monetary Fund (IMF) - 2009

In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a...

Persistent link: https://www.econbiz.de/10008497617

Fiscal Cycles in the Caribbean

Araujo, Juliana Dutra - International Monetary Fund (IMF) - 2009

The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural...

Persistent link: https://www.econbiz.de/10008528626

Asset Booms and Structural Fiscal Positions; The Case of Ireland

Kanda, Daniel - International Monetary Fund (IMF) - 2010

Asset booms and sectoral changes can distort traditional estimates of structural fiscal revenue, and could lead to serious fiscal policy errors. This paper extends the estimation of structural revenues to take account of asset prices and sectoral changes, and applies this to the case of Ireland,...

Persistent link: https://www.econbiz.de/10008519502

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Zhang, Yuanyan Sophia; Barnett, Steven - International Monetary Fund (IMF) - 2014

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus …

Persistent link: https://www.econbiz.de/10011123859

Fiscal Policy Response to External Crises the Case of Moldova 1998-2010

Qehaja, Driton - International Monetary Fund (IMF) - 2012

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...

Persistent link: https://www.econbiz.de/10010790375

A New Rule; The Swiss Debt Brake

Danninger, Stephan - International Monetary Fund (IMF) - 2002

The paper provides an international comparison and a comprehensive analysis of a new fiscal expenditure rule for the federal government in Switzerland. The proposed rule has two innovative features: it aims at a structurally balanced budget in the short-run by annually setting a cyclically...

Persistent link: https://www.econbiz.de/10005604868

Fiscal Policy and the Government Balance Sheet in China

Lam, Waikei - 2023

In this paper, we present the most comprehensive estimates of China's government balance sheet to date. Based on these … to the Covid-19 pandemic. We find that, at US$12.5 trillion, China has the largest stock of financial assets in the world … over the last decade. This trend can be traced back to the turn of the century when China undertook a major restructuring …

Persistent link: https://www.econbiz.de/10015059248

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy; Lessons From Gabon

Olters, Jan-Peter; Leigh, Daniel - International Monetary Fund (IMF) - 2006

While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or "habits") into account....

Persistent link: https://www.econbiz.de/10005768876

Measuring the Performance of Fiscal Policy in Russia

Spilimbergo, Antonio - International Monetary Fund (IMF) - 2005

This paper evaluates the performance of fiscal policy in Russia since the 1998 crisis along several dimensions, using a variety of indicators. Russia has progressed tremendously in recent years on public debt sustainability, largely thanks to the fact that the real interest rates on public debt...

Persistent link: https://www.econbiz.de/10005599441