Fiscal transparency from central banks’ perspective: off-budget activities and government asset funds
AbstractThis paper reviews how central banks in emerging market countries assess fiscal positions, and discusses two aspects of fiscal transparency that have recently gained importance from central banks’ perspective: off-budget activities and special fiscal funds. By increasing uncertainty about the true fiscal position of the government, these activities are of concern both to central banks that set monetary policy on their own, taking fiscal policy as given, and to those that have adopted an institutional framework for coordinating monetary and fiscal policies.
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Bibliographic InfoArticle provided by Magyar Nemzeti Bank (the central bank of Hungary) in its journal MNB Conference Volume.
Volume (Year): 1 (2007)
Issue (Month): 1 (December)
fiscal transparency; public sector accounts; off-budget activities; sovereign wealth funds; emerging market economies.;
Find related papers by JEL classification:
- H19 - Public Economics - - Structure and Scope of Government - - - Other
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other
- H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
- H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dubravko Mihaljek, 2005. "Local complications of global economic integration: privatisation receipts and volatile export earnings," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 81-90 Bank for International Settlements.
- Gábor P. Kiss, 2007. "One-off and off-budget items: An alternative approach," MNB Conference Volume, Magyar Nemzeti Bank (the central bank of Hungary), vol. 1(1), pages 18-27, December.
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