An Updated Action-based Dataset of Fiscal Consolidation

An Updated Action-based Dataset of Fiscal Consolidation PDF Author: Gustavo Adler
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 20

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Book Description
This paper presents a dataset of fiscal consolidation for 17 OECD economies during 1978-2020 and 14 economies in Latin America and the Caribbean during 1989-2020. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including central bank reports, Convergence Programmes and Stability Programmes submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation.

An Updated Action-based Dataset of Fiscal Consolidation

An Updated Action-based Dataset of Fiscal Consolidation PDF Author: Gustavo Adler
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 20

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Book Description
This paper presents a dataset of fiscal consolidation for 17 OECD economies during 1978-2020 and 14 economies in Latin America and the Caribbean during 1989-2020. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including central bank reports, Convergence Programmes and Stability Programmes submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation.

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean PDF Author: Mr.Antonio David
Publisher: International Monetary Fund
ISBN: 1484352785
Category : Business & Economics
Languages : en
Pages : 67

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Book Description
This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies

A New Action-Based Dataset of Fiscal Consolidation

A New Action-Based Dataset of Fiscal Consolidation PDF Author: Mr.Daniel Leigh
Publisher: International Monetary Fund
ISBN: 1455264407
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
This paper presents a new dataset of fiscal consolidation for 17 OECD economies during 1978-2009. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, Budget Speeches, central bank reports, Convergence and Stability Programs submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation.

Annual Report on Exchange Arrangements and Exchange Restrictions 2018

Annual Report on Exchange Arrangements and Exchange Restrictions 2018 PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1484396774
Category : Business & Economics
Languages : en
Pages : 3724

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Book Description
The Annual Report on Exchange Arrangements and Exchange Restrictions has been published by the IMF since 1950. It draws on information available to the IMF from a number of sources, including that provided in the course of official staff visits to member countries, and has been prepared in close consultation with national authorities.

Annual Report on Exchange Arrangements and Exchange Restrictions 2016

Annual Report on Exchange Arrangements and Exchange Restrictions 2016 PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475598149
Category : Business & Economics
Languages : en
Pages : 90

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Book Description
The AREAER provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF Member countries.

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean PDF Author: Mr.Antonio David
Publisher: International Monetary Fund
ISBN: 1484353056
Category : Business & Economics
Languages : en
Pages : 67

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Book Description
This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies

Macroeconomic Effects of Tax Rate and Base Changes

Macroeconomic Effects of Tax Rate and Base Changes PDF Author: Frederico Lima
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected yield, motivation, and announcement and implementation dates of more than 2,000 tax measures across 10 OECD countries. Using this data, we then analyze the macroeconomic impact of tax changes, distinguishing between tax rate and tax base changes, and further differentiating between changes in personal income, corporate income, and value added taxes. Our results suggest that base broadening during fiscal consolidations leads to smaller output and employment declines compared to rate hikes, even when distinguishing between tax types.

Austerity

Austerity PDF Author: Alberto Alesina
Publisher: Princeton University Press
ISBN: 0691208638
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
A revealing look at austerity measures that succeed—and those that don't Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology.

Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations

Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations PDF Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1484379063
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic impact of tax changes, distinguishing between tax rate and tax base changes, and further separating between changes in personal income, corporate income, and value added tax. Our results suggest that base broadening during fiscal consolidations leads to smaller output and employment declines compared to rate hikes, even when distinguishing between tax types.

Budget Committee Mid-session Hearings Fiscal Year 2014

Budget Committee Mid-session Hearings Fiscal Year 2014 PDF Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 784

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Book Description