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Spend Now, Pay Later? Tax Smoothing and Fiscal Sustainability in South Asia

Spend Now, Pay Later? Tax Smoothing and Fiscal Sustainability in South Asia »

Source: Spend Now, Pay Later? Tax Smoothing and Fiscal Sustainability in South Asia

Volume/Issue: 1999/63

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

ISBN: 9781451848403

Keywords: Tax smoothing, tax tilting, fiscal sustainability, budget surplus, equation, fiscal deficits, government spending

This paper tests a version of Barro’s tax-smoothing model, which assumes intertemporal optimization by a government seeking to minimize the distortionary costs of taxation, using Pakistan and Sri Lankan data...

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Fiscal Vulnerabilities and Risks from Local Government Finance in China »

Source: Fiscal Vulnerabilities and Risks from Local Government Finance in China

Volume/Issue: 2014/4

Series: IMF Working Papers

Author(s): Yuanyan Zhang , and Steven Barnett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2014

ISBN: 9781484349953

Keywords: Fiscal Vulnerabilities, Fiscal Risks, Local Government Finance, Land Finance, Gross Financing Needs, fiscal deficit, fiscal debt, fiscal data, fiscal activity, General,

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the...

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses1

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses1 »

Source: Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Volume/Issue: 2006/263

Series: IMF Working Papers

Author(s): Celine Rochon , and Andrew Feltenstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

ISBN: 9781451865233

Keywords: Banking failures, fiscal policies, banking, bank failures, budget deficit, banking system, Computable and Other Applied General Equilibrium Models, Financial Markets and the Macroeconomy, International Finance Forecasting and Simulation,

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are per...

The Cyclicality of Fiscal Policy in the Middle East and Central Asia

The Cyclicality of Fiscal Policy in the Middle East and Central Asia »

Source: The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different?

Volume/Issue: 2010/68

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982121

Keywords: government spending, public debt, fiscal policy response, General Outlook and Conditions, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,

The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This...

Local Government Financing Platforms in China: A Fortune or Misfortune?

Local Government Financing Platforms in China: A Fortune or Misfortune? »

Source: Local Government Financing Platforms in China: A Fortune or Misfortune?

Volume/Issue: 2013/243

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Tao Sun

Publisher: Bank of Communications/New Finance

Publication Date: 16 December 2013

Language: Chinese

ISBN: 9781484335895

Keywords: Governance, China, Government expenditures, Revenues, Bond issues, Banks, local governments, local government borrowing, local government debt, local government revenue

China's rapid credit expansion in 2009-10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posi...

Spend Now, Pay Later? Tax Smoothing and Fiscal Sustainability in South Asia

Spend Now, Pay Later? Tax Smoothing and Fiscal Sustainability in South Asia »

Volume/Issue: 1999/63

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

DOI: http://dx.doi.org/10.5089/9781451848403.001

ISBN: 9781451848403

Keywords: Tax smoothing, tax tilting, fiscal sustainability, budget surplus, equation, fiscal deficits, government spending

This paper tests a version of Barro’s tax-smoothing model, which assumes intertemporal optimization by a government seeking to minimize the distortionary costs of taxation, using Pakistan and Sri Lankan data...

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Fiscal Vulnerabilities and Risks from Local Government Finance in China »

Volume/Issue: 2014/4

Series: IMF Working Papers

Author(s): Yuanyan Zhang , and Steven Barnett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2014

DOI: http://dx.doi.org/10.5089/9781484349953.001

ISBN: 9781484349953

Keywords: Fiscal Vulnerabilities, Fiscal Risks, Local Government Finance, Land Finance, Gross Financing Needs, fiscal deficit, fiscal debt, fiscal data, fiscal activity, General,

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the...

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses »

Volume/Issue: 2006/263

Series: IMF Working Papers

Author(s): Celine Rochon , and Andrew Feltenstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

DOI: http://dx.doi.org/10.5089/9781451865233.001

ISBN: 9781451865233

Keywords: Banking failures, fiscal policies, banking, bank failures, budget deficit, banking system, Computable and Other Applied General Equilibrium Models, Financial Markets and the Macroeconomy, International Finance Forecasting and Simulation,

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are per...

The Cyclicality of Fiscal Policy in the Middle East and Central Asia
			: Is the Current Crisis Different?

The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different? »

Volume/Issue: 2010/68

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982121.001

ISBN: 9781451982121

Keywords: government spending, public debt, fiscal policy response, General Outlook and Conditions, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,

The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This...

Local Government Financing Platforms in China: A Fortune or Misfortune?

Local Government Financing Platforms in China: A Fortune or Misfortune? »

Volume/Issue: 2013/243

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Tao Sun

Publisher: Bank of Communications/New Finance

Publication Date: 16 December 2013

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781484335895.001

ISBN: 9781484335895

Keywords: Governance, China, Government expenditures, Revenues, Bond issues, Banks, local governments, local government borrowing, local government debt, local government revenue

China's rapid credit expansion in 2009-10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posi...