Fiscal Impulses And Their Fiscal Impact

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Fiscal Impulses and their Fiscal Impact

Sheetal K. Chand
Fiscal Impulses and their Fiscal Impact Book PDF

Author : Sheetal K. Chand
Publisher : International Monetary Fund
Page : 18 pages
File Size : 48,5 Mb
Release : 1992-05-01
Category : Business & Economics
ISBN : 9781451977530

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Fiscal Impulses and their Fiscal Impact by Sheetal K. Chand Pdf

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual budget balance. However, they have been criticized for lacking an analytical rationale. This paper uses a simple framework to show that the fiscal impulse measure can be analytically derived. While this removes one source of criticism, the measure, nevertheless, should be used carefully when making inferences of fiscal impact.

Fiscal Impulses and Their Fiscal Impact

Sheetal Chand
Fiscal Impulses and Their Fiscal Impact Book PDF

Author : Sheetal Chand
Publisher : Unknown
Page : 18 pages
File Size : 55,5 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291212552

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Fiscal Impulses and Their Fiscal Impact by Sheetal Chand Pdf

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual budget balance. However, they have been criticized for lacking an analytical rationale. This paper uses a simple framework to show that the fiscal impulse measure can be analytically derived. While this removes one source of criticism, the measure, nevertheless, should be used carefully when making inferences of fiscal impact.

Fiscal Impulse

Mr.Mark Scott Lutz,Mr.Garry J. Schinasi
Fiscal Impulse Book PDF

Author : Mr.Mark Scott Lutz,Mr.Garry J. Schinasi
Publisher : International Monetary Fund
Page : 13 pages
File Size : 46,8 Mb
Release : 1991-09-01
Category : Business & Economics
ISBN : 9781451851441

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Fiscal Impulse by Mr.Mark Scott Lutz,Mr.Garry J. Schinasi Pdf

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.

Working Paper Summaries (WP/92/1 - WP/92/47)

International Monetary Fund
Working Paper Summaries WP 92 1 WP 92 47 Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 54 pages
File Size : 46,5 Mb
Release : 1992-08-01
Category : Business & Economics
ISBN : 9781451966480

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Working Paper Summaries (WP/92/1 - WP/92/47) by International Monetary Fund Pdf

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.

Monetary Unions

Hubert Kempf
Monetary Unions Book PDF

Author : Hubert Kempf
Publisher : Springer Nature
Page : 457 pages
File Size : 45,7 Mb
Release : 2022-04-22
Category : Business & Economics
ISBN : 9783030932329

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Monetary Unions by Hubert Kempf Pdf

This textbook explains the notion of monetary union, highlighting the key concepts, procedures, and challenges involved. The book is organized in three parts. In the first part, the reader learns about monetary issues, like definitions and typology of monetary unions, rationale of monetary unions, monetary policy, monetary institutional matters. The second part is devoted to fiscal matters and the interplay between fiscal and monetary policies, such as deficits, transfers, public debt sustainability issues, fiscal policy, policy mix. The last part focuses on other distinct but related issues, necessary to complete the union: banking and fiscal unions, structural adjustments in a monetary union. It ends with a chapter on the fate of monetary unions: how they develop, mature and sometimes dissolve. The book addresses students at undergraduate and graduate level, interested in a better understanding of international macroeconomics and monetary unions, as well as policy-makers, practitioners and economists in central banks, ministries of economics, economic institutions and banks.

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

Richard Hemming,Selma Mahfouz,Michael Kell
The Effectiveness of Fiscal Policy in Stimulating Economic Activity Book PDF

Author : Richard Hemming,Selma Mahfouz,Michael Kell
Publisher : International Monetary Fund
Page : 60 pages
File Size : 53,8 Mb
Release : 2002-12
Category : Business & Economics
ISBN : UCSD:31822032179210

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The Effectiveness of Fiscal Policy in Stimulating Economic Activity by Richard Hemming,Selma Mahfouz,Michael Kell Pdf

This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

Oil Wealth in Central Africa

Mr.Bernardin Akitoby,Ms.Sharmini Coorey
Oil Wealth in Central Africa Book PDF

Author : Mr.Bernardin Akitoby,Ms.Sharmini Coorey
Publisher : International Monetary Fund
Page : 249 pages
File Size : 48,5 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781475549126

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Oil Wealth in Central Africa by Mr.Bernardin Akitoby,Ms.Sharmini Coorey Pdf

Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.

How to Measure the Fiscal Deficit

Mr.Mario I. Bléjer,MissA. Cheasty
How to Measure the Fiscal Deficit Book PDF

Author : Mr.Mario I. Bléjer,MissA. Cheasty
Publisher : International Monetary Fund
Page : 404 pages
File Size : 54,9 Mb
Release : 1991-09-15
Category : Business & Economics
ISBN : 1557751927

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How to Measure the Fiscal Deficit by Mr.Mario I. Bléjer,MissA. Cheasty Pdf

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.

Fiscal Multipliers and Institutions in Peru

Svetlana Vtyurina,Zulima Leal
Fiscal Multipliers and Institutions in Peru Book PDF

Author : Svetlana Vtyurina,Zulima Leal
Publisher : International Monetary Fund
Page : 24 pages
File Size : 52,5 Mb
Release : 2016-07-22
Category : Business & Economics
ISBN : 9781498381017

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Fiscal Multipliers and Institutions in Peru by Svetlana Vtyurina,Zulima Leal Pdf

With the end of the commodity super cycle, Peru’s potential growth has declined, raising questions of what government policies could do to help boost growth, including over the medium-term. Our econometric analysis shows that public investment multipliers have a larger effect on growth than current spending or tax-related stimulus in the short and medium terms. Peru’s low debt and financial savings grants fiscal space for increasing investment spending, which could also entice and complement private investment, provided the former is efficient, fiscally sustainable and complemented by further reforms in public investment management and changes to the decentralization framework.

Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis

Carolina Correa-Caro,Leandro Medina,Mr.Marcos Poplawski Ribeiro,Mr.Bennett W Sutton
Fiscal Stimulus Impact on Firms Profitability During the Global Financial Crisis Book PDF

Author : Carolina Correa-Caro,Leandro Medina,Mr.Marcos Poplawski Ribeiro,Mr.Bennett W Sutton
Publisher : International Monetary Fund
Page : 38 pages
File Size : 48,9 Mb
Release : 2018-11-28
Category : Business & Economics
ISBN : 9781484380659

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Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis by Carolina Correa-Caro,Leandro Medina,Mr.Marcos Poplawski Ribeiro,Mr.Bennett W Sutton Pdf

Using financial statement data from the Thomson Reuter’s Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the GFC fiscal stimulus, especially in manufacturing, utilities and retail sectors. Firm size and leverage are also found to be significant in explaining changes in corporate profitability.

Improving Surveillance Across the CEMAC Region

Ms.Misa Takebe,Mr.Robert C. York,Mr.Noriaki Kinoshita,Mr.Plamen Iossifov,Zaijin Zhan
Improving Surveillance Across the CEMAC Region Book PDF

Author : Ms.Misa Takebe,Mr.Robert C. York,Mr.Noriaki Kinoshita,Mr.Plamen Iossifov,Zaijin Zhan
Publisher : International Monetary Fund
Page : 59 pages
File Size : 52,6 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9781451942026

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Improving Surveillance Across the CEMAC Region by Ms.Misa Takebe,Mr.Robert C. York,Mr.Noriaki Kinoshita,Mr.Plamen Iossifov,Zaijin Zhan Pdf

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 monetary union because fiscal policy is the primary instrument through which national governments can influence macroeconomic performance. We comment on how surveillance might be improved by broadening the region's current criteria through alternative fiscal indicators, some focus on the scope and nature of external shocks, and attention to the consistency of policies in assuring the viability of the union and its fixed exchange rate regime.

Uruguay

International Monetary Fund
Uruguay Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 43 pages
File Size : 43,8 Mb
Release : 2011-03-03
Category : Business & Economics
ISBN : 9781455219025

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Uruguay by International Monetary Fund Pdf

This paper estimates cyclically adjusted balances for Uruguay, and discusses methodological and practical implementation issues. In line with standard practice, this paper assumes aggregate fiscal revenue elasticity equal to one. The study also focuses on the cyclically adjusted primary balance, so interest payments are excluded from the analysis. It also estimates Cyclically Adjusted Balances (CABs) for both the consolidated public sector and the general government. The economic development and the credibility of the inflation target are discussed. This study identifies the drivers of the low profitability of Uruguayan banks.

World Economic Outlook, May 1992

International Monetary Fund. Research Dept.
World Economic Outlook May 1992 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 200 pages
File Size : 42,9 Mb
Release : 1992-01-01
Category : Business & Economics
ISBN : 9781451945065

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World Economic Outlook, May 1992 by International Monetary Fund. Research Dept. Pdf

This paper highlights that following a small decline in world output in 1991, growth will recover to about 11⁄2 percent in 1992 before gaining more momentum in 1993. There were signs of recovery in some of those industrial economies that have been in recession, but some other countries continued to show signs of weakness. Although the sluggishness of many cyclical indicators continues to highlight the downside risks to the short-term projections, there are several positive aspects of the current situation.

The Evidence and Impact of Financial Globalization

Anonim
The Evidence and Impact of Financial Globalization Book PDF

Author : Anonim
Publisher : Academic Press
Page : 800 pages
File Size : 53,7 Mb
Release : 2012-12-31
Category : Business & Economics
ISBN : 9780124058996

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The Evidence and Impact of Financial Globalization by Anonim Pdf

The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works

Monetary Integration in Europe

H. Tomann
Monetary Integration in Europe Book PDF

Author : H. Tomann
Publisher : Springer
Page : 165 pages
File Size : 40,8 Mb
Release : 2016-02-05
Category : Business & Economics
ISBN : 9780230288621

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Monetary Integration in Europe by H. Tomann Pdf

Can the European Economic and Monetary Union survive as an institution providing the highest degree of monetary integration? Can it withstand crises in international markets and contribute to the stability of the global financial system? This book addresses these questions, emphasising the need for new forms of economic policy coordination.