Promoting Fiscal Discipline PDF (Adobe DRM) download by Manmohan S. Kumar

Promoting Fiscal Discipline

INTERNATIONAL MONETARY FUND
Publication date: October 2007
ISBN: 9781451927337
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$25.00
Our price:
$21.99

You save: $3.01 (12%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic and financial globalization. Lack of fiscal discipline generally stems from the injudicious use of policy discretion. The benefits of discretion are seen in terms of the ability of policymakers to respond to unexpected shocks and in allowing elected political representatives to fulfill their mandates. But discretion can be misused, resulting in persistent deficits and procyclical policies, rising debt levels, and, over time, a loss in policy credibility. The authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches—fiscal rules, fiscal responsibility laws, and fiscal agencies—can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them.
Please sign in to review this product.
Format:
Devices:
Promoting Fiscal Discipline PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
734 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Promoting Fiscal Discipline PDF (Adobe DRM) download by Manmohan S. Kumar
INTERNATIONAL MONETARY FUND, October 2007
ISBN: 9781451927337
EAN:  9781451927337
PDF (Adobe DRM)
List Price: $25.00 eBook price: $21.99
Promoting Fiscal Discipline ePub (Adobe DRM) download by Manmohan S. Kumar
INTERNATIONAL MONETARY FUND, October 2007
ISBN: 9781452729152
EAN:  9781452729152
ePub (Adobe DRM)
List Price: $25.00 eBook price: $21.99
Other books by Manmohan S. Kumar
Fiscal Deficits, Public Debt, and Sovereign Bond Yields PDF (Adobe DRM) download by Emanuele Baldacci
Fiscal Deficits, Public Debt, and Sovereign Bond Yields
Emanuele Baldacci & Manmohan S. Kumar
INTERNATIONAL MONETARY FUND, June 2006
ISBN: 9781455202188
Format: PDF
List Price: $18.00 Our price: $13.99
Public Debt and Growth PDF (Adobe DRM) download by Manmohan S. Kumar
Public Debt and Growth
Manmohan S. Kumar & Jaejoon Woo
INTERNATIONAL MONETARY FUND, June 2005
ISBN: 9781455201853
Format: PDF
List Price: $18.00 Our price: $13.99