Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451947380
Category : Business & Economics
Languages : en
Pages : 65
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Analytical and Methodological Issues in the Measurement of Fiscal Deficits
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451947380
Category : Business & Economics
Languages : en
Pages : 65
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Publisher: International Monetary Fund
ISBN: 1451947380
Category : Business & Economics
Languages : en
Pages : 65
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Fiscal Impulse
Author: Mr.Mark Scott Lutz
Publisher: International Monetary Fund
ISBN: 1451851448
Category : Business & Economics
Languages : en
Pages : 13
Book Description
The concept of fiscal impulse is defined, discussed, and differentiated from measures that attempt to summarize the macroeconomic effects of fiscal policy. Two methodologies are briefly discussed and their corresponding measures presented for the G-7 countries over the ten-year period ending in 1989. Controversies about the measure are highlighted and potential improvements are also discussed.
Publisher: International Monetary Fund
ISBN: 1451851448
Category : Business & Economics
Languages : en
Pages : 13
Book Description
The concept of fiscal impulse is defined, discussed, and differentiated from measures that attempt to summarize the macroeconomic effects of fiscal policy. Two methodologies are briefly discussed and their corresponding measures presented for the G-7 countries over the ten-year period ending in 1989. Controversies about the measure are highlighted and potential improvements are also discussed.
Analytical and Methodological Issues in the Measurement of Fiscal Deficits
Author: Mario Israel BLEJER
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 61
Book Description
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 61
Book Description
How to Measure the Fiscal Deficit
Author: Mr.Mario I. Bléjer
Publisher: International Monetary Fund
ISBN: 9781557751928
Category : Business & Economics
Languages : en
Pages : 404
Book Description
Fiscal policy seeks to equilibrate the public sector's financing needs with the private sector's demand for investment and a sustainable balance of payments. Correct measurement of the public sector's net use of resources is therefore an important prerequisite for managing the macroeconomy. This volume, edited by Mario I. Blejer and Adrienne Cheasty, is organized around four issues: the adequacy of summary measures of the fiscal deficit, conventional and adjusted deficits, coverage (size) of the public sector, and the public sector's intertemporal budget constraint.
Publisher: International Monetary Fund
ISBN: 9781557751928
Category : Business & Economics
Languages : en
Pages : 404
Book Description
Fiscal policy seeks to equilibrate the public sector's financing needs with the private sector's demand for investment and a sustainable balance of payments. Correct measurement of the public sector's net use of resources is therefore an important prerequisite for managing the macroeconomy. This volume, edited by Mario I. Blejer and Adrienne Cheasty, is organized around four issues: the adequacy of summary measures of the fiscal deficit, conventional and adjusted deficits, coverage (size) of the public sector, and the public sector's intertemporal budget constraint.
The Economics of the Government Budget Constraint
Author: Stanley Fischer
Publisher: World Bank Publications
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
Book Description
Publisher: World Bank Publications
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
Book Description
Fiscal Adjustment in IMF-Supported Programs
Author: International Monetary Fund. Independent Evaluation Office
Publisher: International Monetary Fund
ISBN: 1589062744
Category : Business & Economics
Languages : en
Pages : 128
Book Description
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
Publisher: International Monetary Fund
ISBN: 1589062744
Category : Business & Economics
Languages : en
Pages : 128
Book Description
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
Transparency in Government Operations
Author: Mr.J. D. Craig
Publisher: International Monetary Fund
ISBN: 155775697X
Category : Business & Economics
Languages : en
Pages : 50
Book Description
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
Publisher: International Monetary Fund
ISBN: 155775697X
Category : Business & Economics
Languages : en
Pages : 50
Book Description
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
The Political Economy of Public Debt
Author: Richard M. Salsman
Publisher: Edward Elgar Publishing
ISBN: 1785363387
Category : Business & Economics
Languages : en
Pages : 337
Book Description
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.
Publisher: Edward Elgar Publishing
ISBN: 1785363387
Category : Business & Economics
Languages : en
Pages : 337
Book Description
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.
The Macroeconomics of Financing Government Expenditure
Author: Ramkishen S. Rajan
Publisher: NUS Press
ISBN: 9789971692001
Category : Business & Economics
Languages : en
Pages : 138
Book Description
"This book surveys the main issues relating to the static macroeconomic consequences of the government budget constraint, that is, the effects of alternative sources of financing government expenditure on macroeconomic variables such as inflation, exchange rates, interest rates, national output, private savings and investment. Government expenditure is constrained by available sources of finance, broadly divided into internal and external sources. The study advocates a judicious balance between the alternative sources for the financing mix to be adequate as well as consistent with macroeconomic stability."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Publisher: NUS Press
ISBN: 9789971692001
Category : Business & Economics
Languages : en
Pages : 138
Book Description
"This book surveys the main issues relating to the static macroeconomic consequences of the government budget constraint, that is, the effects of alternative sources of financing government expenditure on macroeconomic variables such as inflation, exchange rates, interest rates, national output, private savings and investment. Government expenditure is constrained by available sources of finance, broadly divided into internal and external sources. The study advocates a judicious balance between the alternative sources for the financing mix to be adequate as well as consistent with macroeconomic stability."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Accounting Devices and Fiscal Illusions
Author: Timothy Irwin
Publisher: International Monetary Fund
ISBN: 1475571321
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This proposed SDN surveys the various accounting stratagems which governments have used to meet fiscal targets—thereby sidestepping the need for true adjustment—and suggests remedial actions to limit this type of fiscal non-transparency. Types of creative accounting covered includes, for instance, currency swaps to hide a debt build-up (as in Greece in 2001–07), sale and leaseback of government property (for example, in the United States), assumption of long-term pension obligations in exchange for short-term revenue (Argentina, Hungary, and other Eastern European countries), use of public-private partnerships to defer the recognition of investment spending (for instance, Portugal), and reliance on non-cash compensation (such as pension rights) to reduce measured wage bills (in the United States, United Kingdom, etc.) As is evident from the examples given, these fiscal tricks have recently come under increased international scrutiny, highlighting the importance of good fiscal reporting, accounting, and transparency in general, for avoiding unpleasant surprises, ensuring government accountability, and containing fiscal vulnerabilities.
Publisher: International Monetary Fund
ISBN: 1475571321
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This proposed SDN surveys the various accounting stratagems which governments have used to meet fiscal targets—thereby sidestepping the need for true adjustment—and suggests remedial actions to limit this type of fiscal non-transparency. Types of creative accounting covered includes, for instance, currency swaps to hide a debt build-up (as in Greece in 2001–07), sale and leaseback of government property (for example, in the United States), assumption of long-term pension obligations in exchange for short-term revenue (Argentina, Hungary, and other Eastern European countries), use of public-private partnerships to defer the recognition of investment spending (for instance, Portugal), and reliance on non-cash compensation (such as pension rights) to reduce measured wage bills (in the United States, United Kingdom, etc.) As is evident from the examples given, these fiscal tricks have recently come under increased international scrutiny, highlighting the importance of good fiscal reporting, accounting, and transparency in general, for avoiding unpleasant surprises, ensuring government accountability, and containing fiscal vulnerabilities.