Autore	Stehn Sven Jari
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica	1 online resource (31 p.)
Altri autori (Persone)	FedelinoAnnalisa
Collana	IMF Working Papers
Soggetto topico	Intergovernmental fiscal relations - Germany Fiscal policy - Germany Macroeconomics Public Finance Production and Operations Management Fiscal Policy National Government Expenditures and Related Policies: General Macroeconomics: Production Taxation, Subsidies, and Revenue: General Public finance & taxation Expenditure Fiscal policy Output gap Fiscal sustainability Revenue administration Expenditures, Public Production Economic theory Revenue
ISBN	1-4623-6989-8 1-4527-6116-7 1-282-84338-9 1-4518-7271-2 9786612843389
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; II. Fiscal Discipline and Fiscal Transfers: A Difficult Nexus; Figures; 1. Subnational Shares in Total Spending and Revenue, 2006; 2. Comparative Composition of Subnational Revenue; A. Germany's Transfer System; 3. Net Contributing and Net Receiving Länder; 4. Evolution of the Transfer System; B. Potential Implications of Transfers; 5. Debt by Government Level; 6: Länder Debt; III. Framework, Methodology, and Data; A. The Inter-Temporal Budget Constraint; B. Cyclicality; C. Data; IV. Empirical Analysis; Tables; 1. Germany: Descriptive Statistics, 1985-2007 A. Univariate Analysis: Fiscal Reaction Functions2. Fiscal Behavior of the Old Länder, 1985-2007; 3. Behavior of Primary Expenditure for Länder, 1985-2007; 4. Robustness Check I: Behavior of Primary Expenditure for Länder, 1985-2007; B. Multivariate Analysis: VARs; 5. Robustness Check II: Behavior of Primary Expenditure; 7. Länder Behavior and Average Received Transfers, 1985-2007; 8. Output Gap Shock; V. Policy Implications and Conclusions; 9. Primary Spending Shock; Appendix I; Appendix Table 6: Unit root tests; References
Record Nr.	UNINA-9910788333503321

Autore	Stehn Sven Jari
Edizione	[1st ed.]
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica	1 online resource (31 p.)
Disciplina	332.1/52
Altri autori (Persone)	FedelinoAnnalisa
Collana	IMF Working Papers
Soggetto topico	Intergovernmental fiscal relations - Germany Fiscal policy - Germany Economic theory Expenditure Expenditures, Public Fiscal Policy Fiscal policy Fiscal sustainability Macroeconomics Macroeconomics: Production National Government Expenditures and Related Policies: General Output gap Production and Operations Management Production Public finance & taxation Public Finance Revenue administration Revenue Taxation, Subsidies, and Revenue: General
ISBN	9786612843389 9781462369898 1462369898 9781452761169 1452761167 9781282843387 1282843389 9781451872712 1451872712
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; II. Fiscal Discipline and Fiscal Transfers: A Difficult Nexus; Figures; 1. Subnational Shares in Total Spending and Revenue, 2006; 2. Comparative Composition of Subnational Revenue; A. Germany's Transfer System; 3. Net Contributing and Net Receiving Länder; 4. Evolution of the Transfer System; B. Potential Implications of Transfers; 5. Debt by Government Level; 6: Länder Debt; III. Framework, Methodology, and Data; A. The Inter-Temporal Budget Constraint; B. Cyclicality; C. Data; IV. Empirical Analysis; Tables; 1. Germany: Descriptive Statistics, 1985-2007 A. Univariate Analysis: Fiscal Reaction Functions2. Fiscal Behavior of the Old Länder, 1985-2007; 3. Behavior of Primary Expenditure for Länder, 1985-2007; 4. Robustness Check I: Behavior of Primary Expenditure for Länder, 1985-2007; B. Multivariate Analysis: VARs; 5. Robustness Check II: Behavior of Primary Expenditure; 7. Länder Behavior and Average Received Transfers, 1985-2007; 8. Output Gap Shock; V. Policy Implications and Conclusions; 9. Primary Spending Shock; Appendix I; Appendix Table 6: Unit root tests; References
Record Nr.	UNINA-9910960887903321

Autore	Tanner Evan
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2013
Descrizione fisica	1 online resource (93 p.)
Collana	IMF Working Papers
Soggetto topico	Fiscal policy - Econometric models Convergence (Economics) - Econometric models Investments: Energy Macroeconomics Public Finance Policy Objectives Policy Designs and Consistency Policy Coordination Fiscal Policy National Deficit Surplus Debt Debt Management Sovereign Debt Forecasts of Budgets, Deficits, and Debt Energy: General Public finance & taxation Investment & securities Public debt Fiscal consolidation Oil Fiscal sustainability Fiscal policy Commodities Debts, Public Petroleum industry and trade
ISBN	1-4843-9716-9 1-4843-5149-5 1-4843-0161-7
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; I. Introduction; 1. Government Debt/GDP, Selected Countries, Weighted Average; II. The Building Blocks of a Debt Sustainability Analysis (DSA); A. The Public Sector Budget Constraint; B. Ad-Hoc Targets For The Public Debt and/or The Primary Surplus; C. Alternative Scenarios in a Debt Sustainability Analysis; 1. Summary, Recent Research on Public Debt Sustainability, Stochastic Approach; III. The Government's Present Value Constraint: A Restatement; IV. Maximum Sustainable Debt V. Distributing Surpluses Over Time: A Fiscal Objective Function A. Objective: How To Distribute The Fiscal Burden Over Time; B. Objective Functions and Structural Surpluses-Further Considerations; C. Debt and Expenditure Smoothing-Evidence From the Recent Downturn; 2. Industrialized Countries: Change in Primary Government Spending (ratio to GDP) 2009 Minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis); 3. Emerging Economies: Change in Primary Government Spending (ratio to GDP) 2009 minus 2008 (vertical axis), and Net Public Debt/GDP (horizontal axis) VI. Required Adjustment in an Uncertain Environment 2. Target Primary Surplus, Probabilistic Approach; 4. Target Primary Surplus, "Low" Volatility Case; 3. Example of Tax Smoothing with Uncertain Potential Output; 5. Target Primary Surplus, "High" Volatility Case; VIII. Prospective Liabilities; 4. Long-run Fiscal Imbalances in the United States; IX. The Net Worth Approach; X. Non-Renewable Resources; 5. Non-Renewable Resource Management: Permanent Income and "Bird-In-Hand" Approaches; 6. Approximate Sovereign Cumulative Default Probabilities: 5-year bonds 7. Assessment of Fiscal Sustainability for a Hypothetical Economy: A Contingent Claims Approach XII. Summary and Conclusions; References; XI. Contingent Claims Analysis and Market Indicators of Default Risk; VII. Sustainability Over The Business Cycle; Footnotes
Record Nr.	UNINA-9910787668503321

Autore	Yamauchi Ayumu
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2004
Descrizione fisica	28 p. : ill
Collana	IMF Working Papers
Soggetto topico	Fiscal policy - Eritrea Debts, External - Eritrea Exports and Imports Foreign Exchange Macroeconomics Public Finance Fiscal Policy Fiscal Policies and Behavior of Economic Agents: General Debt Debt Management Sovereign Debt Economywide Country Studies: Africa International Lending and Debt Problems Public finance & taxation International economics Currency Foreign exchange Fiscal sustainability Public debt External debt Fiscal stance Exchange rates Fiscal policy Debts, Public Debts, External
ISBN	1-4623-5111-5 1-4527-7250-9 1-281-08934-6 9786613774705 1-4518-9064-8
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Record Nr.	UNINA-9910788523803321

Autore	Flanagan Mark
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica	1 online resource (42 p.)
Collana	IMF Working Papers
Soggetto topico	Debts, Public - Europe, Eastern Fiscal policy - Europe, Eastern Debts, Public - Ukraine Fiscal policy - Ukraine Banks and Banking Exports and Imports Macroeconomics Money and Monetary Policy Comparison of Public and Private Enterprises and Nonprofit Institutions Privatization Contracting Out Monetary Systems Standards Regimes Government and the Monetary System Payment Systems International Lending and Debt Problems Fiscal Policy Interest Rates: Determination, Term Structure, and Effects Monetary economics International economics Finance Currencies Arrears Fiscal sustainability Real interest rates Money Debts, External Fiscal policy Interest rates
ISBN	1-4623-6487-X 1-4527-2688-4 1-282-84110-6 9786612841101 1-4518-7017-5
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; Tables; 1. Recent European Cases of Large Off-Balance Sheet Liabilities; II. Design of a Settlement: Economic Considerations; A. Fiscal sustainability; Boxes; 1. The sustainable level of primary surplus; Figures; 1. Primary Surplus in Successful Episodes of Debt Regularization; 2. Settlement Structures for Large Contingent Fiscal Liabilities; B. Macroeconomic stability; 3. Structure of the Serbian Debt Settlement; 2. The Global Monetary and Fiscal Model; 2. Up-front Debt Shock; 3. Sensitivity Tests; 4. Debt Shock with Counter-Cyclical Fiscal Policy 5. Spread-out Debt Shock6. Debt Shock with All Offsets; 4. Debt Settlement Timing and Macroeconomic Conjuncture; III. Design of a Settlement: Technical Considerations; A. Administration; 5. Settling Large Contingent Fiscal Claims: Issues Raised; B. The staging of a settlement; 7. Timing of Debt Restitution and Macroeconomic Factors; C. The settlement technique; 3. Mutual Debt Settlements (Netting) in the CIS; D. The use of public assets in a settlement; IV. Application: Ukraine and the lost savings problem; 8. Ukraine: Distribution of Lost Savings Claims 9. Ukraine: Debt Shocks and Fiscal Sustainability10. Ukraine: Current Macroeconomic Situation; V. Conclusions; Appendix I. The GIMF Model Calibration; Appendix II. Ukraine: A Brief History of the Lost Savings; References
Record Nr.	UNINA-9910788235103321