Considering the IMF's Perspective on a "Sound Fiscal Policy" /
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 fisc...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 2002/008 |
| Online Access: | Full text available on IMF |
| Summary: | 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. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (28 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7456 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |