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How To Achieve Growth And Equity Friendly Fiscal Consolidation
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Book Synopsis How to Achieve Growth- and Equity-Friendly Fiscal Consolidation? A Proposed Methodology for Instrument Choice with an Illustrative Application to OECD Countries by : Boris Cournede
Download or read book How to Achieve Growth- and Equity-Friendly Fiscal Consolidation? A Proposed Methodology for Instrument Choice with an Illustrative Application to OECD Countries written by Boris Cournede and published by . This book was released on 2015 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial fiscal consolidation needs. The choices made about which spending areas to curtail and which taxes to hike will have implications for near-term activity and long-term growth as well as for equity and the current account. This paper proposes a method for choosing the instruments of consolidation so that they contribute to -- or minimise trade-offs with -- the goals of promoting near-term activity, long-term growth, equity, and global rebalancing. The proposed method is illustrated with detailed simulations for 31 OECD countries which are accompanied by an extensive range of alternative scenarios to confirm the robustness of the findings. The simulations highlight that half of OECD countries can reduce excess debt mainly through moderate adjustments to instruments (such as subsidies, pensions or property taxes) that have at most limited side-effects on other policy objectives. They also show that a smaller number of countries face more difficult choices, having to either make bigger adjustments in areas where spending cuts or tax hikes are least harmful or to rely significantly on consolidation instruments with substantial adverse side-effects. These trade-offs can to a large extent be alleviated through structural reforms in the delivery of public services and in taxation.
Book Synopsis How to Achieve Growth- and Equity-friendly Fiscal Consolidation? by : Boris Cournède
Download or read book How to Achieve Growth- and Equity-friendly Fiscal Consolidation? written by Boris Cournède and published by . This book was released on 2013 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How to Achieve Growth- and Equity-friendly Fiscal Consolidation? by :
Download or read book How to Achieve Growth- and Equity-friendly Fiscal Consolidation? written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498344658 Total Pages :257 pages Book Rating :4.4/5 (983 download)
Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund
Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Book Synopsis Inequality, Inclusive Growth, and Fiscal Policy in Asia by : Donghyun Park
Download or read book Inequality, Inclusive Growth, and Fiscal Policy in Asia written by Donghyun Park and published by Routledge. This book was released on 2015-04-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.
Book Synopsis In It Together: Why Less Inequality Benefits All by : OECD
Download or read book In It Together: Why Less Inequality Benefits All written by OECD and published by OECD Publishing. This book was released on 2015-05-21 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the key areas where inequalities are created and where new policies are required, including the consequences of current consolidation policies, structural labour market changes with rising non-standard work and job polarisation, persisting gender gaps...
Book Synopsis Making Public Finances More Growth and Equity-friendly in the Euro Area by : Álvaro Pina
Download or read book Making Public Finances More Growth and Equity-friendly in the Euro Area written by Álvaro Pina and published by . This book was released on 2016 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across the euro area, the ability of public finances to support equitable growth has tended to deteriorate. Concerns about high and rising public debt, together with market pressure in some cases, led to sharp fiscal consolidation in 2011-13, against the backdrop of a weak economic situation at the time, which is considered to have made the recession deeper and longer. Consolidation has slowed down afterwards, but countries with fiscal space have made limited use of the leeway allowed under EU fiscal rules to support euro area aggregate demand. The expenditure composition has generally become less growth-friendly, with large cuts in public investment. On the revenue side, already high taxes on labour have tended to increase further. Structural reforms with direct positive implications for the composition or efficiency of public finances have stalled. While most policy levers to improve public finances remain at the country level, European and national policies can be mutually reinforcing in fiscal governance and public investment. To achieve a euro area fiscal stance that fosters the recovery, countries with fiscal space under the Stability and Growth Pact rules should use budgetary support to raise growth, and existing incentives and flexibility should be taken advantage of to pursue reforms of tax and spending policies. At the national level, it is essential to further upgrade budgetary frameworks, including through the adoption of expenditure rules and regular performance of spending reviews. To promote capital formation and make it more effective, EU budget resources for investment should be deployed in a way to crowd in national public funds and private financing, and foster greater investment productivity. At the national level, better coordination of investment across levels of government and upgraded administrative capacity would increase investment efficiency. This Working Paper relates to the 2016 OECD Economic Survey of the euro area (www.oecd.org/eco/surveys/economic-survey-european-union-and-eur o-area.htm).
Book Synopsis Djibouti’s Quest for Inclusive Growth by : Mr.Alexei P Kireyev
Download or read book Djibouti’s Quest for Inclusive Growth written by Mr.Alexei P Kireyev and published by International Monetary Fund. This book was released on 2017-12-05 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews Djibouti’s macroeconomic reforms aimed at achieving middle-income status as envisaged in Vision Djibouti 2035, the authorities’ development strategy. In this context, the paper reviews policy options available to the authorities in three critical reform areas: translating the investment boom into strong and inclusive growth to reduce poverty and unemployment; fiscal policy to support growth while preserving debt sustainability; and the important role of the business climate in growth acceleration.
Book Synopsis Inequality and Fiscal Policy by : Mr.Benedict J. Clements
Download or read book Inequality and Fiscal Policy written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2015-09-21 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.
Book Synopsis Fiscal Policy and Income Inequality by : International Monetary Fund
Download or read book Fiscal Policy and Income Inequality written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-03 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Author :Management Association, Information Resources Publisher :IGI Global ISBN 13 :1522598618 Total Pages :2581 pages Book Rating :4.5/5 (225 download)
Book Synopsis Open Government: Concepts, Methodologies, Tools, and Applications by : Management Association, Information Resources
Download or read book Open Government: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2019-09-06 with total page 2581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Open government initiatives have become a defining goal for public administrators around the world. As technology and social media tools become more integrated into society, they provide important frameworks for online government and community collaboration. However, progress is still necessary to create a method of evaluation for online governing systems for effective political management worldwide. Open Government: Concepts, Methodologies, Tools, and Applications is a vital reference source that explores the use of open government initiatives and systems in the executive, legislative, and judiciary sectors. It also examines the use of technology in creating a more affordable, participatory, and transparent public-sector management models for greater citizen and community involvement in public affairs. Highlighting a range of topics such as data transparency, collaborative governance, and bureaucratic secrecy, this multi-volume book is ideally designed for government officials, leaders, practitioners, policymakers, researchers, and academicians seeking current research on open government initiatives.
Book Synopsis Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design by : Vybhavi Balasundharam
Download or read book Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design written by Vybhavi Balasundharam and published by International Monetary Fund. This book was released on 2023-03-17 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design
Book Synopsis Economic Policy Reforms 2012 Going for Growth by : OECD
Download or read book Economic Policy Reforms 2012 Going for Growth written by OECD and published by OECD Publishing. This book was released on 2012-02-24 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Going for Growth is the OECD’s annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECD country and key emerging economies.
Book Synopsis OECD Economic Surveys: United Kingdom 2015 by : OECD
Download or read book OECD Economic Surveys: United Kingdom 2015 written by OECD and published by OECD Publishing. This book was released on 2015-02-24 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This OECD Economic Survey of the United Kingdom examines recent economic developments, policies and prospects. Special chapters cover improving infrastructure and ensuring sustainable bank lending.
Book Synopsis Secretary-General's Report to Ministers 2013 by : OECD
Download or read book Secretary-General's Report to Ministers 2013 written by OECD and published by OECD Publishing. This book was released on 2013-05-30 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Secretary-General's annual report to ministers covers not only the activities of the SG and his office, horizontal programs and activities of the directorates but also the activities of its agencies and special entities.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1484375386 Total Pages :80 pages Book Rating :4.4/5 (843 download)
Book Synopsis Regional Economic Outlook, November 2018, Middle East and Central Asia by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Regional Economic Outlook, November 2018, Middle East and Central Asia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-10-24 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: As in other regions in the world, countries in MENAP and CCA regions are exposed to tightening in global financing conditions and ongoing global trade tensions. The former has already begun to impact several emerging market economies in MENAP and could have more severe implications should financial market sentiment suddenly deteriorate. Escalating global trade tensions will have a limited direct and immediate impact on these regions but could impart significant strains over time through negative effects on trading partners and through market confidence effects.
Book Synopsis Qatar: 2022 Article IV Consultation-Press Release; and Staff Report by : International Monetary
Download or read book Qatar: 2022 Article IV Consultation-Press Release; and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swift and decisive policy response to the Covid-19 pandemic has helped to mitigate the health and economic impact of the crisis. Fast vaccination rollout has also strengthened the economy’s resilience to new pandemic waves, paving the way for a speedy recovery. As the economy rebounds, a gradual exit from pandemic support measures is underway.
