Considering the IMF's Perspective on a »Sound Fiscal Policy«
Bibliographic Data
| ID | 24037940 |
|---|---|
| Authors | Peter S Heller, Peter Heller (0000-0002-8064-5671, corresponding author) |
| Year | 2003 |
| Volume | 59 |
| Issue | 1 |
| Pages | 141-161 |
| Publication date | 2003-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | FinanzArchiv (JOURNAL) |
| Journal identifiers | ISSN: 0015-2218 • E-ISSN: 1614-0974 |
| Publisher | Mohr Siebeck (PUBLISHER) |
| DOI | 10.1628/0015221032906108 |
| OpenAlex | W3122198046 |
| Language | EN |
| Citations received | 3 |
This paper provides a perspective on how the IMF assesses a ''sound fiscal policy,'' focusing principally on industrial and emerging market economies. It observes six central criteria: the short-term fiscal policy stance, with greater emphasis on automatic stabilizers than discretionary fiscal policy; relevance of medium and sometimes long-term issues; fiscal sustainability; capacity for aggregate fiscal policy implementation (including political economy factors); structural content of fiscal policy (tax efficiency and public expenditure quality); and institutional, governance, and process issues associated with budget implementation and revenue collection. Greater emphasis could be placed on an adequate margin to deal with uncertain long-term challenges.
Corporate governance · Economic policy · Economics · Fiscal policy · Fiscal sustainability · Fiscal union · Macroeconomics · Political science · Public economics · Relevance (law) · Revenue · Tax revenue · Finance · Fiscal Policies and Political Economy · Global Financial Crisis and Policies
| Citations per year | 0.27 |
|---|---|
| Citation span | 2015 - 2020 (6) |
| Highly cited | No |