Author: Marc Robinson
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
Book Description
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Accrual Budgeting and Fiscal Policy
Author: Marc Robinson
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
Book Description
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
Book Description
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Accrual Budgeting
Author: United States. General Accounting Office
Publisher: DIANE Publishing
ISBN: 1428970150
Category : Accrual basis accounting
Languages : en
Pages : 222
Book Description
Publisher: DIANE Publishing
ISBN: 1428970150
Category : Accrual basis accounting
Languages : en
Pages : 222
Book Description
Budget Issues: Accrual Budgeting Useful in Certain Areas but Does Not Provide Sufficient Information for Reporting on Our Nation’s Longer-term Fiscal Challenge
Author: United States. Government Accountability Office
Publisher: DIANE Publishing
ISBN: 9781422399897
Category :
Languages : en
Pages : 50
Book Description
Publisher: DIANE Publishing
ISBN: 9781422399897
Category :
Languages : en
Pages : 50
Book Description
Fiscal Policy Under Accrual Budgeting
Author: Australia
Publisher:
ISBN: 9780642261960
Category : Accrual basis accounting
Languages : en
Pages : 28
Book Description
Publisher:
ISBN: 9780642261960
Category : Accrual basis accounting
Languages : en
Pages : 28
Book Description
Accrual Budgeting
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 24
Book Description
Understanding Similarities & Differences Between Accrual & Cash Deficits
Author: United States. Government Accountability Office
Publisher: DIANE Publishing
ISBN: 9781422311691
Category : Accrual basis accounting
Languages : en
Pages : 46
Book Description
Publisher: DIANE Publishing
ISBN: 9781422311691
Category : Accrual basis accounting
Languages : en
Pages : 46
Book Description
IMF Working Papers
Author: Marc Robinson
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages :
Book Description
Implementing Accrual Accounting in the Public Sector
Author: Ms.Suzanne Flynn
Publisher: International Monetary Fund
ISBN: 1475521758
Category : Business & Economics
Languages : en
Pages : 59
Book Description
This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note recognizes that governments considering accounting reforms will have different starting points across the public sector, different objectives, and varying coverage of the existing financial statements, it therefore recommends that governments consider each of these, and the materiality of stocks, flows and entities outside of government accounts when planning reforms and design the sequencing and stages involved accordingly. Building on international experiences, the note proposes four possible phases for progressively increasing the financial operations reported in the balance sheet and operating statement, with the ultimate aim of including all institutional units under the effective control of government in fiscal reports.
Publisher: International Monetary Fund
ISBN: 1475521758
Category : Business & Economics
Languages : en
Pages : 59
Book Description
This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note recognizes that governments considering accounting reforms will have different starting points across the public sector, different objectives, and varying coverage of the existing financial statements, it therefore recommends that governments consider each of these, and the materiality of stocks, flows and entities outside of government accounts when planning reforms and design the sequencing and stages involved accordingly. Building on international experiences, the note proposes four possible phases for progressively increasing the financial operations reported in the balance sheet and operating statement, with the ultimate aim of including all institutional units under the effective control of government in fiscal reports.
Budgeting and Budgetary Institutions
Author: Anwar Shah
Publisher: World Bank Publications
ISBN: 0821369407
Category : Business & Economics
Languages : en
Pages : 588
Book Description
Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.
Publisher: World Bank Publications
ISBN: 0821369407
Category : Business & Economics
Languages : en
Pages : 588
Book Description
Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.
Accrual Practices and Reform Experiences in OECD Countries
Author: OECD
Publisher: OECD Publishing
ISBN: 9264270574
Category :
Languages : en
Pages : 131
Book Description
This study looks at accounting and budgeting practices at the national government level in OECD countries. It discusses the challenges and benefits of accruals reforms and considers what steps countries are taking to make better use of accrual information in the future.
Publisher: OECD Publishing
ISBN: 9264270574
Category :
Languages : en
Pages : 131
Book Description
This study looks at accounting and budgeting practices at the national government level in OECD countries. It discusses the challenges and benefits of accruals reforms and considers what steps countries are taking to make better use of accrual information in the future.