Tracking Government Investments for Nutrition at Country Level
... is an important way of promoting transparency and can be used for advocacy purposes. A flexible framework can be helpful to provide a starting point and be used as guidance by Governments planning to establish a financial tracking system for nutrition. The framework should be adaptable to countries ...
... is an important way of promoting transparency and can be used for advocacy purposes. A flexible framework can be helpful to provide a starting point and be used as guidance by Governments planning to establish a financial tracking system for nutrition. The framework should be adaptable to countries ...
GLOBAL REBALANCING Gian Maria Milesi-Ferretti
... acute for commodity-rich nations –commodity republics in the nomenclature of this paper. In those countries commodity-linked revenues (taxes, royalties, profits) can be a large portion of government revenue (see Sinnott 2009). And by any measure, commodity price volatility is large. As a result, ove ...
... acute for commodity-rich nations –commodity republics in the nomenclature of this paper. In those countries commodity-linked revenues (taxes, royalties, profits) can be a large portion of government revenue (see Sinnott 2009). And by any measure, commodity price volatility is large. As a result, ove ...
The monetary and fiscal policy mix in Poland
... The factor that significantly limits the fiscal authorities’ credibility in Poland is the lack of any nominal/real anchor, that would constitute a constraint on the excessive fiscal relaxation, thus improving the transparency and predictability of the fiscal stance. One attempt to implement such an ...
... The factor that significantly limits the fiscal authorities’ credibility in Poland is the lack of any nominal/real anchor, that would constitute a constraint on the excessive fiscal relaxation, thus improving the transparency and predictability of the fiscal stance. One attempt to implement such an ...
Is Fiscal Austerity Good for the Economy?
... it would seem that a reduction in fiscal policy would necessarily reduce GDP, all else equal. Yet, there are second-round effects on economic activity that are not captured immediately in the national income accounts. One way that fiscal contraction could be expansionary is by calming financial mark ...
... it would seem that a reduction in fiscal policy would necessarily reduce GDP, all else equal. Yet, there are second-round effects on economic activity that are not captured immediately in the national income accounts. One way that fiscal contraction could be expansionary is by calming financial mark ...
Government Fiscal Strategy and Sustainable Fiscal Management in
... The fiscal strategy of the Government for the next 3 years is set out in this paper. The FRA 2007 requires that the Minister of Finance prepare the MTEF which should include among others; a macroeconomic framework and fiscal strategy. The MTEF also serves as the basis for the preparation of the esti ...
... The fiscal strategy of the Government for the next 3 years is set out in this paper. The FRA 2007 requires that the Minister of Finance prepare the MTEF which should include among others; a macroeconomic framework and fiscal strategy. The MTEF also serves as the basis for the preparation of the esti ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... First, in arguing that optimistic growth projections were what precipitated fiscal failure to adjust to the growth slowdown, the author presumes a compressible margin in public expenditure. In every country, there is a basic noncompressible core of public expenditure that is growth invariant, compri ...
... First, in arguing that optimistic growth projections were what precipitated fiscal failure to adjust to the growth slowdown, the author presumes a compressible margin in public expenditure. In every country, there is a basic noncompressible core of public expenditure that is growth invariant, compri ...
Chapter - Ministry of Finance Singapore
... and can plan on a multi-year basis, but they also know that their budgets will go up and down with the country’s GDP. Any department that uses less than 95% of its budget will have its budget the following year adjusted downwards to better reflect its real needs. ...
... and can plan on a multi-year basis, but they also know that their budgets will go up and down with the country’s GDP. Any department that uses less than 95% of its budget will have its budget the following year adjusted downwards to better reflect its real needs. ...
Japan`s Fiscal Policy and Fiscal Reconstruction
... pension insurance premiums collected from working people must be paid some time in the future, in the same way that public bonds must be redeemed as they mature. The pension fund is thud different from tax revenues, which the government can use freely. Another question is how these public pension fu ...
... pension insurance premiums collected from working people must be paid some time in the future, in the same way that public bonds must be redeemed as they mature. The pension fund is thud different from tax revenues, which the government can use freely. Another question is how these public pension fu ...
PDF
... previous studies have dismissed such provisions as largely ineffectual, others (ACIR, 1987) have concluded that they may have some effect. Table 1 reports results from what is perhaps the simplest approach to this question. It displays linear regressions designed to explain the size of the state bud ...
... previous studies have dismissed such provisions as largely ineffectual, others (ACIR, 1987) have concluded that they may have some effect. Table 1 reports results from what is perhaps the simplest approach to this question. It displays linear regressions designed to explain the size of the state bud ...
The Size of the Fiscal Expansion: An Analysis for the... The size of the fiscal stimulus has varied significantly across... why the stimulus differed across large economies.
... insurance, training), particularly U.K. ...
... insurance, training), particularly U.K. ...
Comments on Stefan Niemann and Jürgen von Hagen
... identical period utility functions. In the absence of asymmetric information, the incumbent government in this economy would therefore always be re-elected. However, given the assumption about the impatient fiscal authority, a key result in the paper is that a less myopic government would be less pr ...
... identical period utility functions. In the absence of asymmetric information, the incumbent government in this economy would therefore always be re-elected. However, given the assumption about the impatient fiscal authority, a key result in the paper is that a less myopic government would be less pr ...
Euro area fiscal policies and the crisis
... Challenges for the SGP – weak incentives? • The crisis exposed deficiencies of past policies and demonstrated need for establishing sound fiscal positions in good times. • The 2005 reform of the SGP a mixed success – corrective arm improved, but applied with delays, enforcement of preventive arm re ...
... Challenges for the SGP – weak incentives? • The crisis exposed deficiencies of past policies and demonstrated need for establishing sound fiscal positions in good times. • The 2005 reform of the SGP a mixed success – corrective arm improved, but applied with delays, enforcement of preventive arm re ...
The Portuguese bailout experiment
... deeper labor and product market reforms. In its absence, the program unavoidably relies on front loaded fiscal adjustment, increasing the risk of undermining growth in the near-term. … staff calls on the authorities to continue urgently exploring swiftly implementable alternatives to the fiscal deva ...
... deeper labor and product market reforms. In its absence, the program unavoidably relies on front loaded fiscal adjustment, increasing the risk of undermining growth in the near-term. … staff calls on the authorities to continue urgently exploring swiftly implementable alternatives to the fiscal deva ...
Sustainable Future Fiscal and Debt Policies
... This means that during downturns, fiscal deficits increase in Spain much more than in other economies due to the higher fall in public revenues Besides increasing taxes, the current structure of personal income tax must be reformed in order to make it less sensitive to economic fluctuations ...
... This means that during downturns, fiscal deficits increase in Spain much more than in other economies due to the higher fall in public revenues Besides increasing taxes, the current structure of personal income tax must be reformed in order to make it less sensitive to economic fluctuations ...
Section 16. General Management of Fiscal Risks
... guarantees) can cause serious fiscal instability if left unchecked. But under conventional cashbasis government budgeting and accounting, the treatment of contingent liabilities is often inadequate and their fiscal consequences frequently overlooked in the standard fiscal analysis ...
... guarantees) can cause serious fiscal instability if left unchecked. But under conventional cashbasis government budgeting and accounting, the treatment of contingent liabilities is often inadequate and their fiscal consequences frequently overlooked in the standard fiscal analysis ...
Fiscal Federalism: a solution for the European Union during the crisis
... countries that joined the EU, such as Bulgaria and Romania. Bulgaria stands out as a country that did not increase during 2010. In Bulgaria, was reported to the euro currency, the boom led to an overheating economy, with high salary growth and double-digit inflation and private sector external debt ...
... countries that joined the EU, such as Bulgaria and Romania. Bulgaria stands out as a country that did not increase during 2010. In Bulgaria, was reported to the euro currency, the boom led to an overheating economy, with high salary growth and double-digit inflation and private sector external debt ...
Fiscal Policy Explained Fiscal policy is the use of government
... But fiscal policy need not be automatic in order to play a stabilizing role in BUSINESS CYCLES. Some economists recommend changes in fiscal policy in response to economic conditions—so-called discretionary fiscal policy—as a way to moderate business cycle swings. These suggestions are most frequent ...
... But fiscal policy need not be automatic in order to play a stabilizing role in BUSINESS CYCLES. Some economists recommend changes in fiscal policy in response to economic conditions—so-called discretionary fiscal policy—as a way to moderate business cycle swings. These suggestions are most frequent ...
AFR Fiscal Policy for Growth
... Positive Primary fiscal balances in 72% of SSA by 2008 compared with a mere 28% early 1990s ...
... Positive Primary fiscal balances in 72% of SSA by 2008 compared with a mere 28% early 1990s ...
WILL FISCAL POLICY IN THE EURO AREA BE SUFFICIENTLY R
... automatic stabilisers during recession, thus protracting the downturn. The question is to what extent this is the case. Experience from the period 1991-1993 shows that budget deficits in excess of 3% are not uncommon. Of the nine EU countries, six exceeded the 3% rule, while only three would have be ...
... automatic stabilisers during recession, thus protracting the downturn. The question is to what extent this is the case. Experience from the period 1991-1993 shows that budget deficits in excess of 3% are not uncommon. Of the nine EU countries, six exceeded the 3% rule, while only three would have be ...
FISCAL MULTIPLIER: IMF AND EC/ECFIN OPINIONS
... return to their pre-crisis levels. Nevertheless, it seems safe for the time being, when thinking about fiscal consolidation, to assume higher multipliers than before the crisis. Finally, it is worth emphasizing that deciding on the appropriate stance of fiscal policy requires much more than an asse ...
... return to their pre-crisis levels. Nevertheless, it seems safe for the time being, when thinking about fiscal consolidation, to assume higher multipliers than before the crisis. Finally, it is worth emphasizing that deciding on the appropriate stance of fiscal policy requires much more than an asse ...
Estimation of the Mechanisms for Automatic Fiscal Stabilization. The
... Since the foundation of the European Economic and Monetary Union, estimates have been made with reference to the fact that the fiscal health is an essential condition for the stability of the monetary union. The fiscal policy influences the assignment of resources between the public and private sect ...
... Since the foundation of the European Economic and Monetary Union, estimates have been made with reference to the fact that the fiscal health is an essential condition for the stability of the monetary union. The fiscal policy influences the assignment of resources between the public and private sect ...
Ch. 12: Fiscal Policy Hdot
... When the government has a budget deficit, the amount of _________________ increases by the amount of the deficit. ...
... When the government has a budget deficit, the amount of _________________ increases by the amount of the deficit. ...
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... As Pearlstein (2009) put it, politicians in Washington are proposing to spend a lot of money that they do not have, in ways that will not work, to help too many people who are neither desperate nor deserving. He listed among ‘the idiotic ideas’ the bipartisan push to re-inflate the housing bubble, a ...
... As Pearlstein (2009) put it, politicians in Washington are proposing to spend a lot of money that they do not have, in ways that will not work, to help too many people who are neither desperate nor deserving. He listed among ‘the idiotic ideas’ the bipartisan push to re-inflate the housing bubble, a ...