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Book
Fiscal implications of the global economic and financial crisis.
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ISBN: 9781589068506 1589068505 Year: 2009 Volume: 269 Publisher: Washington IMF

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Abstract

This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the actions taken by countries to address the global crisis and accelerate the recovery.--Publisher's description.

Keywords

International economic relations --- Business cycles --- crise financiere --- politique fiscale --- politique monetaire --- 333.17 --- 336.401 --- 368.43 --- 336.024 --- 336.451 --- AA / International- internationaal --- Global Financial Crisis, 2008-2009 --- Fiscal policy --- Economic stabilization --- Finance, Public --- Debts, Public --- 330.05 --- 332.042 --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Cameralistics --- Public finance --- Currency question --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Tax policy --- Taxation --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Financial crises --- financiele crisis --- fiscaal beleid --- monetair beleid --- Crises, saneringen en hervormingen van het bankwezen. --- Verband tussen begrotingspolitiek en economische evolutie. --- Ouderdomsverzekering. Voorbarige dood. Weduwen en wezen. --- Sociale begroting, rekeningen en uitgaven. Gezondheid. --- Begrotingsjaren en begrotingsstaten. Rijksmiddelenbegroting. Begrotingstekort. --- Government policy --- Crises, saneringen en hervormingen van het bankwezen --- Sociale begroting, rekeningen en uitgaven. Gezondheid --- Verband tussen begrotingspolitiek en economische evolutie --- Begrotingsjaren en begrotingsstaten. Rijksmiddelenbegroting. Begrotingstekort --- Ouderdomsverzekering. Voorbarige dood. Weduwen en wezen --- Public finances


Book
Fiscal governance in Europe
Authors: --- ---
ISBN: 9780521857468 0521857465 9780511759505 9780521138260 0521138264 1107196345 0511646194 1282390643 9786612390647 0511650280 0511532512 0511531605 051153342X 9780511650284 0511759509 Year: 2009 Publisher: Cambridge : Cambridge University Press,

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Abstract

This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.

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