Fiscal Policy Management in an Open Capital Regime - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policy Management in an Open Capital Regime write by Mr.Peter S. Heller. This book was released on 1997-02-01. Fiscal Policy Management in an Open Capital Regime available in PDF, EPUB and Kindle. This paper argues that as countries open their capital regimes, the appropriate fiscal stance should become more conservative than when capital is immobile. Further fiscal adjustment may be necessary in the face of large and volatile capital flows. However, the required changes would be smaller. If a fiscal response is unavoidable, some elements of fiscal policy are easier to manipulate and less distortive than others. Determining the actual stance of fiscal policy is more difficult in an open capital regime, underscoring the need for transparency about fiscal rules. A more open capital environment also constrains the sustainable fiscal structure.
Fiscal Policy and Long-Term Growth
Fiscal Policy and Long-Term Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policy and Long-Term Growth write by International Monetary Fund. This book was released on 2015-04-20. Fiscal Policy and Long-Term Growth available in PDF, EPUB and Kindle. This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Fiscal Adjustment for Stability and Growth
Fiscal Adjustment for Stability and Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Adjustment for Stability and Growth write by Mr.James Daniel. This book was released on 2006-08-17. Fiscal Adjustment for Stability and Growth available in PDF, EPUB and Kindle. The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
The Effectiveness of Fiscal Policy in Stimulating Economic Activity
The Effectiveness of Fiscal Policy in Stimulating Economic Activity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Effectiveness of Fiscal Policy in Stimulating Economic Activity write by Richard Hemming. This book was released on 2002-12. The Effectiveness of Fiscal Policy in Stimulating Economic Activity available in PDF, EPUB and Kindle. 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.
Coordination of Monetary and Fiscal Policies
Coordination of Monetary and Fiscal Policies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Coordination of Monetary and Fiscal Policies write by International Monetary Fund. This book was released on 1998-03-01. Coordination of Monetary and Fiscal Policies available in PDF, EPUB and Kindle. Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
