Performance of Fiscal Accounts in South Africa in a Cross-Country Setting

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Publisher : International Monetary Fund
ISBN 13 : 1455208825
Total Pages : 21 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Performance of Fiscal Accounts in South Africa in a Cross-Country Setting by : Burcu Aydin

Download or read book Performance of Fiscal Accounts in South Africa in a Cross-Country Setting written by Burcu Aydin and published by International Monetary Fund. This book was released on 2010-09-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the cyclical fluctuations in South Africa in a cross-country context, and studies the impact of the output gap by controlling for export intensity, the debt burden, asset prices, and banking crises. Results show that South Africa’s revenue performance was outstanding during the mid-2000s, and the recent decline in revenue was one of the least among the emerging and advanced markets. Results on the elasticity of tax revenue show that South Africa’s elasticity is higher during business upturns, indicating good prospects for recovering the revenue lost during the global financial crisis.

Commodity Price Shocks and the Odds on Fiscal Performance

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451861907
Total Pages : 35 pages
Book Rating : 4.8/5 (619 download)

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Book Synopsis Commodity Price Shocks and the Odds on Fiscal Performance by : Francis Y. Kumah

Download or read book Commodity Price Shocks and the Odds on Fiscal Performance written by Francis Y. Kumah and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-09-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unanticipated changes in commodity prices can generate significant movements in fiscal aggregates. This paper seeks to understand the dynamics of these fiscal movements in the context of transitory commodity price shocks using sample data from four CIS countries- two oil-producing and two non-oil commodity-intensive countries. It adopts a structural VAR approach and identifies the dynamic effects of commodity price shocks on fiscal performance under two broad tax regimes. Stochastic simulations indicate high probabilities of fiscal overperformance in the short term when commodity prices are high. These probabilities deteriorate significantly, however, in the long term after the transitory positive commodity price shock has dissipated, particularly when lax fiscal policy is adopted during the period of the price boom.

IMF Staff Papers

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Publisher :
ISBN 13 :
Total Pages : 442 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis IMF Staff Papers by :

Download or read book IMF Staff Papers written by and published by . This book was released on 2007 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cyclicality of Revenue and Structural Balances in South Africa

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Publisher : International Monetary Fund
ISBN 13 : 1455208817
Total Pages : 26 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Cyclicality of Revenue and Structural Balances in South Africa by : Burcu Aydin

Download or read book Cyclicality of Revenue and Structural Balances in South Africa written by Burcu Aydin and published by International Monetary Fund. This book was released on 2010-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies a disaggregated method for the calculation of the cyclical component of the budget balance for South Africa with an emphasis on the effect of commodity and asset prices, and credit cycle. Results show that the cyclicality of tax revenue is mostly explained by the variations in tax bases. Change in the credit to private sector also has some affect on the revenue performance; however, asset and commodity prices are not significant in explaining the deviation of revenue from its trend. Nonetheless, quantitative effects of these prices are subject to assumptions used for long-run price levels.

Fiscal Policy and Economic Cycles in Oil-exporting Countries

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Fiscal Policy and Economic Cycles in Oil-exporting Countries by : Aasim M. Husain

Download or read book Fiscal Policy and Economic Cycles in Oil-exporting Countries written by Aasim M. Husain and published by . This book was released on 2008 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle.

Problems of Economic Transition

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Publisher :
ISBN 13 :
Total Pages : 804 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Problems of Economic Transition by :

Download or read book Problems of Economic Transition written by and published by . This book was released on 2009-05 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Dimensions of Monetary Policy

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Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí

Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.

Commodity Price Dynamics

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Publisher : Cambridge University Press
ISBN 13 : 1139501976
Total Pages : 239 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis Commodity Price Dynamics by : Craig Pirrong

Download or read book Commodity Price Dynamics written by Craig Pirrong and published by Cambridge University Press. This book was released on 2011-10-31 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.

Commodity Price Shocks and the Odds on Fiscal Performance

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (255 download)

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Book Synopsis Commodity Price Shocks and the Odds on Fiscal Performance by : Francis Y. Kumah

Download or read book Commodity Price Shocks and the Odds on Fiscal Performance written by Francis Y. Kumah and published by . This book was released on 2005 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unanticipated changes in commodity prices can generate significant movements in fiscal aggregates. This paper seeks to understand the dynamics of these fiscal movements in the context of transitory commodity price shocks using sample data from four CIS countries- two oil-producing and two non-oil commodity-intensive countries. It adopts a structural VAR approach and identifies the dynamic effects of commodity price shocks on fiscal performance under two broad tax regimes. Stochastic simulations indicate high probabilities of fiscal overperformance in the short term when commodity prices are high. These probabilities deteriorate significantly, however, in the long term after the transitory positive commodity price shock has dissipated, particularly when lax fiscal policy is adopted during the period of the price boom.

IMF Research Bulletin

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Author :
Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (9 download)

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Book Synopsis IMF Research Bulletin by :

Download or read book IMF Research Bulletin written by and published by . This book was released on 2004 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Papers

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Publisher :
ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Economic Papers by :

Download or read book Economic Papers written by and published by . This book was released on 1981 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Artha Suchi

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Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Artha Suchi by :

Download or read book Artha Suchi written by and published by . This book was released on 2006 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic Aspects of the Energy Sector in CIS Countries

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Publisher :
ISBN 13 :
Total Pages : 406 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Economic Aspects of the Energy Sector in CIS Countries by : CASE (Organization : Warsaw, Poland)

Download or read book The Economic Aspects of the Energy Sector in CIS Countries written by CASE (Organization : Warsaw, Poland) and published by . This book was released on 2008 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. Literature survey - 3. Energy sector and its macroeconomic importance in CIS - 4. Key macroeconomic issues related to energy sector functioning - 5. CIS role for the EU energy supply - 6. Strategies and policy options for the energy sector development in the CIS region.

Business Periodicals Index

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Publisher :
ISBN 13 :
Total Pages : 2892 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Business Periodicals Index by :

Download or read book Business Periodicals Index written by and published by . This book was released on 2007 with total page 2892 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Index to International Statistics

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Publisher :
ISBN 13 :
Total Pages : 1136 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Index to International Statistics by :

Download or read book Index to International Statistics written by and published by . This book was released on 2008 with total page 1136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Spread Betting for Dummies

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Publisher : John Wiley & Sons
ISBN 13 : 1118638581
Total Pages : 322 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Financial Spread Betting for Dummies by : Vanya Dragomanovich

Download or read book Financial Spread Betting for Dummies written by Vanya Dragomanovich and published by John Wiley & Sons. This book was released on 2013 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Financial Spread Betting For Dummies' is a one-stop introduction to the world of spread betting. Packed with advice and examples, it tells you: how to get started, where you can spread bet, strategies for successful betting, how to evaluate risks, what mistakes to avoid and more.

The Financial Crisis Inquiry Report

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Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.