Definitions Of Government In Imf Supported Programs
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Definitions Of Government In Imf Supported Programs
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Author : Ms.Claudia H Dziobek
language : en
Publisher: International Monetary Fund
Release Date : 2013-05-10
Definitions Of Government In Imf Supported Programs written by Ms.Claudia H Dziobek and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-10 with Business & Economics categories.
This note addresses the following main issues: • Statistical definitions of government (Government Finance Statistics Manual 2001) • Institutional structure of government and public sector • What is a precise definition of government and why it is relevant • Potential pitfalls of lacking a precise definition of government • Definitions of government in IMF-supported programs • Applications for fiscal rules and other fiscal policy design
Definitions Of Government In Imf Supported Programs
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Author : Claudia Dziobek
language : en
Publisher:
Release Date : 2017
Definitions Of Government In Imf Supported Programs written by Claudia Dziobek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
The data referred to in the context of fiscal policy in general, or IMF-supported programs in particular, can reflect different meanings of the term government. What definition of government underlies such indicators as public debt, measures of revenue or expense, and government deficit? For example, do we mean by government just the executive, legislative, and judiciary branches of the national government? Or, are we referring to all entities covered by the general budget of the national government? How about state and local governments? And what about other entities owned by the government, such as nonfinancial corporations (e.g., a utility company) or financial corporations (e.g., a development bank)? In the context of an IMF-supported program, which includes quantitative fiscal targets, the underlying definitions of government should be clearly spelled out. In this paper, we examine whether this has been the case in the recent past, and how best to address this issue in the future.
Repeated Use Of Imf Supported Programs Determinants And Forecasting
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Author : Martin Iseringhausen
language : en
Publisher: International Monetary Fund
Release Date : 2019-11-08
Repeated Use Of Imf Supported Programs Determinants And Forecasting written by Martin Iseringhausen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-08 with Business & Economics categories.
This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. Generally, the revolving nature of the IMF’s resources calls for the temporary sup-port of member countries to address balance of payments problems while repeated use has often been viewed as program failure. First, using probit models we show that a small number of country-specific variables such as growth, the current account balance, the international reserves position, and the institutional framework play a significant role in explaining repeated use. Second, we discuss the role of IMF-specific and program-specific variables and find evidence that a country’s track record with the Fund is a good predictor of repeated use. Finally, we conduct an out-of-sample forecasting exer-cise. While our approach has predictive power for repeated use, exact forecasting remains challenging. From a policy perspective, the results could prove useful to assess the risk IMF programs pose to the revolving nature of the Fund’s financial resources.
Imf Supported Programs
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Author : Mr.Ashoka Mody
language : en
Publisher: International Monetary Fund
Release Date : 2006-04-03
Imf Supported Programs written by Mr.Ashoka Mody and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-03 with Business & Economics categories.
Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
Historical Dictionary Of The Imf
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Author : Norman K. Humphreys
language : en
Publisher: International Monetary Fund
Release Date : 2000-06-28
Historical Dictionary Of The Imf written by Norman K. Humphreys and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-28 with Business & Economics categories.
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
Transparency In Government Operations
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Author : Mr.J. D. Craig
language : en
Publisher: International Monetary Fund
Release Date : 1998-02-03
Transparency In Government Operations written by Mr.J. D. Craig and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-02-03 with Business & Economics categories.
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
Fiscal Adjustment In Imf Supported Programs
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: International Monetary Fund
Release Date : 2003-11-17
Fiscal Adjustment In Imf Supported Programs written by International Monetary Fund. Independent Evaluation Office and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-17 with Business & Economics categories.
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
Imf Conditionality
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Author : John Williamson
language : en
Publisher: MIT Press (MA)
Release Date : 1983
Imf Conditionality written by John Williamson and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Conditionality (International relations) categories.
The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.
Policy Statement On Imf Technical Assistance
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2001-04-02
Policy Statement On Imf Technical Assistance written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-04-02 with Political Science categories.
This chapter presents policy statement on IMF technical assistance (TA) programs. The TA programs provide a cooperative framework for the sharing of knowledge and international experience, in a lasting manner, with member countries. The IMF seeks to provide technical assistance as efficiently and effectively as possible in its core substantive areas of competency namely macroeconomic policy formulation and management among others. Technical assistance is provided in a variety of forms. These include IMF staff missions from headquarters; the placement of experts for periods ranging from a few months to a few years. Technical assistance is provided only when requested by a country's authorities. Since the demand for such assistance normally exceeds the resources available from the IMF, a number of considerations are considered in prioritizing country requests. The IMF encourages member countries who have not yet done so to consider providing such complementary financial support to enhance the resources available for technical assistance, preferably in a manner that is as unrestricted as possible.
Government Finance Statistics Manual
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Author : Sage De Clerck
language : en
Publisher: International Monetary Fund
Release Date : 2015-03-10
Government Finance Statistics Manual written by Sage De Clerck and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-10 with Business & Economics categories.
The Government Finance Statistics Manual 2014 (GFSM 2014)—describes a specialized macroeconomic statistical framework––the government finance statistics (GFS) framework––designed to support fiscal analysis. The manual provides the economic and statistical reporting principles to be used in compiling the statistics; describes guidelines for presenting fiscal statistics within an analytic framework that includes appropriate balancing items; and is harmonized with other macroeconomic statistical guidelines.