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Bond Yields in Emerging Economies : : It Matters What State You Are In / / Laura Jaramillo, Anke Weber
Bond Yields in Emerging Economies : : It Matters What State You Are In / / Laura Jaramillo, Anke Weber
Autore Jaramillo Laura
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (26 p.)
Altri autori (Persone) WeberAnke
Collana IMF Working Papers
IMF working paper
Soggetto topico Bonds
Investments - Developing countries
Finance: General
Investments: Bonds
Public Finance
Financial Markets and the Macroeconomy
Fiscal Policy
International Financial Markets
Debt
Debt Management
Sovereign Debt
General Financial Markets: General (includes Measurement and Data)
Investment & securities
Public finance & taxation
Finance
Bond yields
Government debt management
Emerging and frontier financial markets
Public debt
Securities markets
Financial institutions
Public financial management (PFM)
Financial markets
Debts, Public
Financial services industry
Capital market
ISBN 1-4755-1103-5
1-4755-3136-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Abstract; Contents; I. Introduction; II. Background and Literature Review; III. Stylized Facts; Figures; 1. Emerging Economies: Government Debt; 2. Emerging Economies: Domestic Government Debt Securities; 3. Emerging Market Fund Assets; 4. Sovereign Domestic Bond Yields; 5. Sovereign Domestic Bond Yields and Global Factors; 6. Domestic Bond Yields and Fiscal Fundamentals, 2007-2011; IV. Empirical Model Specification; V. Data and Estimation Results; A. Data Sources; B. Estimation Results; Tables; 1. Descriptive Statistics
2. Determinants of 10-year Domestic Bond Yields in Emerging Economies3. Threshold Model: Determinants of 10-year Domestic Bond Yields in Emerging Economies; VI. Summary and Conclusions; 7. Actual Change in Bond Yields Compared to Out-of-Sample Prediction; Appendix; References
Record Nr. UNINA-9910786484803321
Jaramillo Laura  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Bond Yields in Emerging Economies : : It Matters What State You Are In / / Laura Jaramillo, Anke Weber
Bond Yields in Emerging Economies : : It Matters What State You Are In / / Laura Jaramillo, Anke Weber
Autore Jaramillo Laura
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (26 p.)
Disciplina 332.1/52
Altri autori (Persone) WeberAnke
Collana IMF Working Papers
IMF working paper
Soggetto topico Bonds
Investments - Developing countries
Finance: General
Investments: Bonds
Public Finance
Financial Markets and the Macroeconomy
Fiscal Policy
International Financial Markets
Debt
Debt Management
Sovereign Debt
General Financial Markets: General (includes Measurement and Data)
Investment & securities
Public finance & taxation
Finance
Bond yields
Government debt management
Emerging and frontier financial markets
Public debt
Securities markets
Financial institutions
Public financial management (PFM)
Financial markets
Debts, Public
Financial services industry
Capital market
ISBN 1-4755-1103-5
1-4755-3136-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Abstract; Contents; I. Introduction; II. Background and Literature Review; III. Stylized Facts; Figures; 1. Emerging Economies: Government Debt; 2. Emerging Economies: Domestic Government Debt Securities; 3. Emerging Market Fund Assets; 4. Sovereign Domestic Bond Yields; 5. Sovereign Domestic Bond Yields and Global Factors; 6. Domestic Bond Yields and Fiscal Fundamentals, 2007-2011; IV. Empirical Model Specification; V. Data and Estimation Results; A. Data Sources; B. Estimation Results; Tables; 1. Descriptive Statistics
2. Determinants of 10-year Domestic Bond Yields in Emerging Economies3. Threshold Model: Determinants of 10-year Domestic Bond Yields in Emerging Economies; VI. Summary and Conclusions; 7. Actual Change in Bond Yields Compared to Out-of-Sample Prediction; Appendix; References
Record Nr. UNINA-9910811406703321
Jaramillo Laura  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
Autore Baum Anja
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (32 p.)
Altri autori (Persone) Poplawski RibeiroMarcos
WeberAnke
Collana IMF Working Papers
Soggetto topico Multiplier (Economics)
Fiscal policy - Developed countries
Macroeconomics
Public Finance
Production and Operations Management
Business Fluctuations
Cycles
Fiscal Policy
Quantitative Policy Modeling
Macroeconomics: Production
National Government Expenditures and Related Policies: General
Public finance & taxation
Output gap
Fiscal multipliers
Fiscal consolidation
Fiscal policy
Expenditure
Production
Economic theory
Expenditures, Public
ISBN 1-4755-8800-3
1-4755-2392-0
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; II. Background and Literature Review; A. What are Fiscal Multipliers and How Large are They?; B. Do Multipliers Differ in Downturns and Expansions?; Figures; 1. Country Characteristics and Multipliers; III. Data and Methodology; A. Data Sources and Description; Tables; 1. Cumulative Fiscal Multiplier Estimates from Selected Non-Linear Approaches; B. Threshold VAR Methodology; C. Impulse Response Functions; IV. Results; A. Country-by-Country Results; 2. G7 Selected Countries: Descriptive Statistics, 1965Q2-2011Q2
3. G7 Selected Countries: Threshold Estimation, 1965Q2-2011Q22. Cumulative Fiscal Multipliers: Fiscal Expansion; 3. Cumulative Fiscal Multipliers: Fiscal Contraction; B. Average of G7 Economies; C. Discussion and Caveats; 4. Fiscal Multipliers in G7 Economies; D. Policy Implications: Up-front versus Gradual Implementation; 5. G7 Economies: Cumulative Impact on Output from a Negative Discretionary Fiscal Spending Shock; V. Conclusions; A. Data Sources and Description; Appendix; B. Cumulative Generalized Impulse Response Functions and Confidential Intervals
C. Using Output Growth as the Threshold VariableReferences
Record Nr. UNINA-9910779643303321
Baum Anja  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
Fiscal Multipliers and the State of the Economy / / Anja Baum, Marcos Poplawski Ribeiro, Anke Weber
Autore Baum Anja
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (32 p.)
Disciplina 332.1/52
Altri autori (Persone) Poplawski RibeiroMarcos
WeberAnke
Collana IMF Working Papers
Soggetto topico Multiplier (Economics)
Fiscal policy - Developed countries
Macroeconomics
Public Finance
Production and Operations Management
Business Fluctuations
Cycles
Fiscal Policy
Quantitative Policy Modeling
Macroeconomics: Production
National Government Expenditures and Related Policies: General
Public finance & taxation
Output gap
Fiscal multipliers
Fiscal consolidation
Fiscal policy
Expenditure
Production
Economic theory
Expenditures, Public
ISBN 1-4755-8800-3
1-4755-2392-0
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; II. Background and Literature Review; A. What are Fiscal Multipliers and How Large are They?; B. Do Multipliers Differ in Downturns and Expansions?; Figures; 1. Country Characteristics and Multipliers; III. Data and Methodology; A. Data Sources and Description; Tables; 1. Cumulative Fiscal Multiplier Estimates from Selected Non-Linear Approaches; B. Threshold VAR Methodology; C. Impulse Response Functions; IV. Results; A. Country-by-Country Results; 2. G7 Selected Countries: Descriptive Statistics, 1965Q2-2011Q2
3. G7 Selected Countries: Threshold Estimation, 1965Q2-2011Q22. Cumulative Fiscal Multipliers: Fiscal Expansion; 3. Cumulative Fiscal Multipliers: Fiscal Contraction; B. Average of G7 Economies; C. Discussion and Caveats; 4. Fiscal Multipliers in G7 Economies; D. Policy Implications: Up-front versus Gradual Implementation; 5. G7 Economies: Cumulative Impact on Output from a Negative Discretionary Fiscal Spending Shock; V. Conclusions; A. Data Sources and Description; Appendix; B. Cumulative Generalized Impulse Response Functions and Confidential Intervals
C. Using Output Growth as the Threshold VariableReferences
Record Nr. UNINA-9910816616703321
Baum Anja  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Rules in Response to the Crisis : : Toward the "Next-Generation" Rules: A New Dataset / / Nina Budina, Andrea Schaechter, Anke Weber, Tidiane Kinda
Fiscal Rules in Response to the Crisis : : Toward the "Next-Generation" Rules: A New Dataset / / Nina Budina, Andrea Schaechter, Anke Weber, Tidiane Kinda
Autore Budina Nina
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (50 p.)
Altri autori (Persone) SchaechterAndrea
WeberAnke
KindaTidiane
Collana IMF Working Papers
IMF working paper
Soggetto topico Fiscal policy - Europe
Budgeting
Macroeconomics
Public Finance
Fiscal Policy
Structure, Scope, and Performance of Government
National Deficit Surplus
National Government Expenditures and Related Policies: General
National Budget
Budget Systems
Public finance & taxation
Budgeting & financial management
Fiscal rules
Expenditure
Fiscal stance
Budget planning and preparation
Fiscal policy
Public financial management (PFM)
Expenditures, Public
Budget
ISBN 1-4755-9499-2
1-4755-1824-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Abstract; Contents; I. Introduction; II. Definition, Objectives, and Types of Fiscal Rules; A. Definition and Objectives; B. Types of Fiscal Rules; Tables; 1. Properties of Different Types of Fiscal Rules; III. The Past Two Decades: Fiscal Rules on the Rise; A. Who Uses Fiscal Rules and How Many?; Figures; 1. Countries with Fiscal Rules (National and Supranational), 2012; 2. Number of Countries with Fiscal Rules; Boxes; 1. The 'Fiscal Compact' and the 'Six Pack'-Two New Chapters in EU Fiscal Governance Reform; 3. Selected Economies: Moving to Multiple National Fiscal Rules
4. Average Number of National Fiscal RulesB. What Types and Combinations of Rules?; 5. Types of Fiscal Rules in Use, 2012; 6. Widespread Combinations of Fiscal Rules in Use, 2012; 7. Regional Differences Regarding the Type of National Fiscal Rules; IV. Key Characteristics; A. Legislative Support; 2. Statutory Basis of Fiscal Rules; 3. Countries with Constitutional Legal Basis; B. Coverage of Government; 8. Statutory Basis of Fiscal Rules by Type of Rule and Economy, 2012; C. Coverage of Aggregate; 4. Coverage of Aggregate; 9. Coverage of Fiscal Rules, 2012; D. Escape Clauses
E. Automatic Correction Mechanisms5. Fiscal Rules with Escape Clauses; F. Supporting Arrangements; 10. Trends in Fiscal Responsibility Laws; 6. Enforcement of Fiscal Rules through Independent Bodies; V. "The Next-Generation Fiscal Rules:" Responses to the Crisis; 7. Fiscal Rules during the Crisis: Some Examples; 8. Types of Recently Adopted National Fiscal Rules (since 2010); 11. Number of Countries with Budget Balance Rules Accounting for the Cycle; VI. Fiscal Rules Dataset and Fiscal Rules Index; A. Setup of the Dataset; 2. Score by Fiscal Rules Characteristics
B. Fiscal Rules Index: Methodology and Findings12. Fiscal Rules Sub-indices by Type of Rule; C. Key Findings; 13. Fiscal Rules Sub-indices by Key Characteristics; 14. Overall Fiscal Rules Index; 15. Selected Fiscal Rules Sub-indices by Type of Rule; D. Robustness Checks: Alternative Weighting and Aggregation; 16. Selected Fiscal Rules Sub-indices by Key Characteristics; 9. Spearman's Rank Correlation Coefficients for Various Aggregate Indices; E. Fiscal Rules and Fiscal Performance: Avenues for Future Work; VII. Conclusions; References; Appendixes; 1. Escape Clauses: Country Examples
2. New Fiscal Rules Adopted since 20103. Country Coverage; 4. Fiscal Rules Index Using Random Weights; Appendix Figure 1. Distribution of the Overall Fiscal Rules Strength Index, 2012; 5. Fiscal Rules and Fiscal Performance: Some Preliminary Statistical Evidence; Appendix Figure 2. Fiscal Rules Strength Index and Change in Debt-to-GDP Ratio; 6. Fiscal Responsibility Laws in Selected Countries: Main Features
Record Nr. UNINA-9910786474103321
Budina Nina  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Fiscal Rules in Response to the Crisis : : Toward the "Next-Generation" Rules: A New Dataset / / Nina Budina, Andrea Schaechter, Anke Weber, Tidiane Kinda
Fiscal Rules in Response to the Crisis : : Toward the "Next-Generation" Rules: A New Dataset / / Nina Budina, Andrea Schaechter, Anke Weber, Tidiane Kinda
Autore Budina Nina
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (50 p.)
Disciplina 332.1;332.1532
Altri autori (Persone) SchaechterAndrea
WeberAnke
KindaTidiane
Collana IMF Working Papers
IMF working paper
Soggetto topico Fiscal policy - Europe
Budgeting
Macroeconomics
Public Finance
Fiscal Policy
Structure, Scope, and Performance of Government
National Deficit Surplus
National Government Expenditures and Related Policies: General
National Budget
Budget Systems
Public finance & taxation
Budgeting & financial management
Fiscal rules
Expenditure
Fiscal stance
Budget planning and preparation
Fiscal policy
Public financial management (PFM)
Expenditures, Public
Budget
ISBN 1-4755-9499-2
1-4755-1824-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Abstract; Contents; I. Introduction; II. Definition, Objectives, and Types of Fiscal Rules; A. Definition and Objectives; B. Types of Fiscal Rules; Tables; 1. Properties of Different Types of Fiscal Rules; III. The Past Two Decades: Fiscal Rules on the Rise; A. Who Uses Fiscal Rules and How Many?; Figures; 1. Countries with Fiscal Rules (National and Supranational), 2012; 2. Number of Countries with Fiscal Rules; Boxes; 1. The 'Fiscal Compact' and the 'Six Pack'-Two New Chapters in EU Fiscal Governance Reform; 3. Selected Economies: Moving to Multiple National Fiscal Rules
4. Average Number of National Fiscal RulesB. What Types and Combinations of Rules?; 5. Types of Fiscal Rules in Use, 2012; 6. Widespread Combinations of Fiscal Rules in Use, 2012; 7. Regional Differences Regarding the Type of National Fiscal Rules; IV. Key Characteristics; A. Legislative Support; 2. Statutory Basis of Fiscal Rules; 3. Countries with Constitutional Legal Basis; B. Coverage of Government; 8. Statutory Basis of Fiscal Rules by Type of Rule and Economy, 2012; C. Coverage of Aggregate; 4. Coverage of Aggregate; 9. Coverage of Fiscal Rules, 2012; D. Escape Clauses
E. Automatic Correction Mechanisms5. Fiscal Rules with Escape Clauses; F. Supporting Arrangements; 10. Trends in Fiscal Responsibility Laws; 6. Enforcement of Fiscal Rules through Independent Bodies; V. "The Next-Generation Fiscal Rules:" Responses to the Crisis; 7. Fiscal Rules during the Crisis: Some Examples; 8. Types of Recently Adopted National Fiscal Rules (since 2010); 11. Number of Countries with Budget Balance Rules Accounting for the Cycle; VI. Fiscal Rules Dataset and Fiscal Rules Index; A. Setup of the Dataset; 2. Score by Fiscal Rules Characteristics
B. Fiscal Rules Index: Methodology and Findings12. Fiscal Rules Sub-indices by Type of Rule; C. Key Findings; 13. Fiscal Rules Sub-indices by Key Characteristics; 14. Overall Fiscal Rules Index; 15. Selected Fiscal Rules Sub-indices by Type of Rule; D. Robustness Checks: Alternative Weighting and Aggregation; 16. Selected Fiscal Rules Sub-indices by Key Characteristics; 9. Spearman's Rank Correlation Coefficients for Various Aggregate Indices; E. Fiscal Rules and Fiscal Performance: Avenues for Future Work; VII. Conclusions; References; Appendixes; 1. Escape Clauses: Country Examples
2. New Fiscal Rules Adopted since 20103. Country Coverage; 4. Fiscal Rules Index Using Random Weights; Appendix Figure 1. Distribution of the Overall Fiscal Rules Strength Index, 2012; 5. Fiscal Rules and Fiscal Performance: Some Preliminary Statistical Evidence; Appendix Figure 2. Fiscal Rules Strength Index and Change in Debt-to-GDP Ratio; 6. Fiscal Responsibility Laws in Selected Countries: Main Features
Record Nr. UNINA-9910826833803321
Budina Nina  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui