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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
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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
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Aging; Some Pleasant Fiscal Arithmetic
Hauner, David - International Monetary Fund (IMF) - 2005
Projections of age-related public expenditure growth have raised widespread concerns about fiscal sustainability. This paper examines how total expenditure would develop under four policy rules on public expenditure growth. Some simple arithmetic of expenditure, GDP, and population is reviewed...
Persistent link: https://www.econbiz.de/10005826030
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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
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Budget Rigidity and Expenditure Efficiency in Slovenia
Mattina, Todd D.; Gunnarsson, Victoria - International Monetary Fund (IMF) - 2007
achieving correspondingly better outcomes. Inefficiencies appear to stem from the financing mechanisms for social services …
Persistent link: https://www.econbiz.de/10005826042
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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
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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
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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
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Political Budget Cycles in Papua New Guinea
Faal, Ebrima - International Monetary Fund (IMF) - 2007
this regard, electoral swings in fiscal deficits reflect a preference for influencing expenditures rather than taxation. …
Persistent link: https://www.econbiz.de/10005826270
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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