Advanced Search
MyIDEAS: Login

Considering the IMF's Perspective on a "Sound Fiscal Policy"

Contents:

Author Info

  • Peter S. Heller

Abstract

This paper provides a perspective on how the IMF assesses a “sound fiscal policy,” focusing principally on industrial and emerging market economies. It observes six central criteria: the short-term fiscal policy stance, with greater emphasis on automatic stabilizers than discretionary fiscal policy; relevance of medium- and sometimes long-term issues; fiscal sustainability; capacity for aggregate fiscal policy implementation (including political economy factors); structural content of fiscal policy (tax efficiency and public expenditure quality); and institutional, governance, and process issues associated with budget implementation and revenue collection. Greater emphasis could be placed on an adequate margin to deal with uncertain long-term challenges.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15901
Download Restriction: no

Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Policy Discussion Papers with number 02/08.

as in new window
Length: 28
Date of creation: 01 Jul 2002
Date of revision:
Handle: RePEc:imf:imfpdp:02/08

Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Email:
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC

Order Information:
Web: http://www.imf.org/external/pubs/pubs/ord_info.htm

Related research

Keywords: IMF; fiscal policy; expenditure; fiscal sustainability; fiscal position; expenditures; fiscal policies; public debt; aggregate fiscal; public expenditure; discretionary fiscal policy; fiscal consolidation; fiscal framework; fiscal stance; tax burden; long-term fiscal sustainability; public expenditures; public spending; fiscal policy objectives; expenditure programs; fiscal variables; tax rates; fiscal situation; fiscal management; expenditure policies; expansionary fiscal; budget balance; fiscal stimulus; fiscal policy formulation; expenditure ceilings; expenditure policy; fiscal aggregates; fiscal adjustment; budget process; fiscal positions; fiscal activities; fiscal affairs department; medium-term fiscal framework; expenditure shares; tax ratio; tax policy; fiscal commitments; fiscal policy targets; expansionary fiscal policy; fiscal gaps; quasi-fiscal activities; tax system; fiscal balance; fiscal affairs; aggregate expenditure; fiscal transparency; budget consolidation; fiscal priorities; fiscal policy rules; public expenditure program; fiscal scenarios; budgetary consolidation; tax reduction; fiscal discipline; fiscal imbalance; tax base; structural budget balance; debt service; fiscal policy instruments; fiscal operation; tax expenditures; expenditure share; expenditure target; fiscal deficits; high tax burden; tax increases; higher expenditure; expenditure restraint; tax share; fiscal projections; fiscal liabilities; fiscal analyses; fiscal costs; tax revenues; fiscal rules; fiscal outcome; expansionary fiscal contraction; fiscal indicators; expenditure commitments; revenue collection; tax cuts; tax structure; public finances; expenditure program; fiscal institutions; medium term expenditure; fiscal policy stimulus; budgetary discipline; fiscal deficit; fiscal contraction; annual budgets; aggregate expenditure ceilings; fiscal soundness; fiscal corrections; fiscal information; taxation; public finance; fiscal instrument; expenditure actions; fiscal response; fiscal consequences; expenditure level;

Other versions of this item:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Ramkishen S. Rajan, 2005. "Managing New-Style Currency Crises : The Swan Diagram Approach Revisited," Macroeconomics Working Papers 22574, East Asian Bureau of Economic Research.
  2. Bank for International Settlements, 2003. "Fiscal issues and central banking in emerging economies," BIS Papers, Bank for International Settlements, number 20, May.
  3. Maria Silgoner & Jesus Crespo Cuaresma & Gerhard Reitschuler, 2004. "The fiscal smile - on the effectiveness and limits of fiscal stabilizers," Money Macro and Finance (MMF) Research Group Conference 2003 87, Money Macro and Finance Research Group.
  4. He, Dong, 2003. "Budget Formulation and Implementation in Korea: A Macroeconomic Perspective," MPRA Paper 9756, University Library of Munich, Germany.
  5. Maria Antoinette Silgoner & Jesús Crespo-Cuaresma & Gerhard Reitschuler, 2003. "The Fiscal Smile," IMF Working Papers 03/182, International Monetary Fund.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:imf:imfpdp:02/08. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.