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Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451813600 Category : Business & Economics Languages : en Pages : 7
Book Description
These updates to the Report on the Observance of Standards and Codes on Fiscal Transparency and Data Module on France highlight the transparency of budget preparation. The report includes a four-year projection of revenue, expenditure, and balance for the various components of the general government expressed under national accounting conventions. The metadata and summary methodologies underlying the economic statistics are being regularly updated on the Dissemination Standards Bulletin Board (DSBB). The possibility of developing a module for detecting anomalous price shifts in the new automatic price collection system is explored.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451813600 Category : Business & Economics Languages : en Pages : 7
Book Description
These updates to the Report on the Observance of Standards and Codes on Fiscal Transparency and Data Module on France highlight the transparency of budget preparation. The report includes a four-year projection of revenue, expenditure, and balance for the various components of the general government expressed under national accounting conventions. The metadata and summary methodologies underlying the economic statistics are being regularly updated on the Dissemination Standards Bulletin Board (DSBB). The possibility of developing a module for detecting anomalous price shifts in the new automatic price collection system is explored.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451813465 Category : Business & Economics Languages : en Pages : 51
Book Description
The staff report for the 2004 Article IV Consultation on France highlights economic performance and near-term outlook and policies. On structural issues, a health care reform has established the key instruments to gain control over the system’s budget. Ongoing civil service reform and decentralization are providing the opportunity to realize efficiency gains. Pension and health care reforms have improved the long-term fiscal outlook against the background of the impending demographic shock, while ongoing reforms in product markets are likely to boost growth.
Author: International Monetary Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 84
Book Description
France saw a robust recovery from the Covid-19 shock but is now facing the repercussions of Russia’s war in Ukraine. In 2021, output rebounded by 6.8 percent and recovered to pre-crisis levels. The recovery was broad-based and faster than in most other European countries. While France is less directly exposed to the energy shock, the war in Ukraine is dampening the recovery by denting confidence and exacerbating supply-side difficulties. Inflation has surged but remains well-below peers thanks to energy price controls and subsidies. These and other measures to support purchasing power keep the fiscal deficit elevated despite the unwinding of Covid-19 support. While capacity utilization remains below pre-crisis levels, labor market conditions have further tightened.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 151356689X Category : Business & Economics Languages : en Pages : 89
Book Description
France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large emergency fiscal package to address the crisis, focused on preserving jobs and providing liquidity for households and firms, supplemented by additional stimulus measures to support the economic recovery in 2021 and beyond. The banking sector entered the crisis with comfortable buffers and, together with the support of the ECB’s accommodative monetary policy, facilitated the provision of credit to the economy. The increased leverage, however, poses solvency risks to the corporate sector. A partial recovery with GDP growth at about 51⁄2 percent is expected in 2021. Risks to the outlook are large, dominated by the virus dynamics and, together with other risks, tilted somewhat to the downside.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1498333583 Category : Business & Economics Languages : en Pages : 165
Book Description
The Manual, which is a companion document to the IMF’s Code of Good Practices on Fiscal Transparency (2007), has been revised to reflect the new Code and to provide more recent examples of good practice by individual countries. The Manual expands and explains the pillars and principles of the Code and provides richer and more in-depth coverage of each good practice. Country examples are taken from Reports on Standards and Codes (ROSCs). The Manual also includes new linkages to the Guide on Resource Revenue Transparency (2007), including reporting on contracts, quasi-fiscal activities and use of public assets.
Author: Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 162
Book Description
Provides an authoritative account and explanation of the revised IMF Code of Good Practices on Fiscal Transparency (the Code), used by countries undertaking assessments of the transparency of their fiscal management practices (including so-called fiscal ROSCs), legislatures, civil society organizations, economists, and financial analysts. Supplemented by the revised Guide on Resource Revenue Transparency, it identifies numerous benefits from fiscal transparency, including providing citizens with information to hold governments accountable for their policy choices, informing and improving the quality of economic policy decisions, highlighting potential risks to the fiscal outlook, and easing a country's access to international capital markets.--Publisher's description.
Author: Yongseok Shin Publisher: International Monetary Fund ISBN: 1451855400 Category : Computers Languages : en Pages : 48
Book Description
This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.
Author: International Monetary Fund
Author: International Monetary Fund
Author: International Monetary Fund
Author: International Monetary
Author: International Monetary Fund. European Dept.
Author: International Monetary Fund
Author: 
Author: International Monetary Fund
Author: 
Author: Yongseok Shin
Author: International Monetary Fund