- Key Issues
- Fiscal Issues at the IMF
IMF on Fiscal Challenges
On the Ground
Fiscal risks remain significant in both advanced and emerging market and developing economies. Fiscal policy continues to play an essential role in building confidence and, where appropriate, sustaining aggregate demand.
This paper addresses core challenges that all tax administrations face in dealing with noncompliance—which are now receiving renewed attention.
The paper contributes to the discussions on fiscal governance in Europe.
Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive.
Electronic Fiscal Devices (EFDs) An Empirical Study of their Impact on Taxpayer Compliance and Administrative Efficiency
Several administrations have adopted electronic fiscal devices (EFDs) in their quest to combat noncompliance, particularly as regards sales and the value-added tax (VAT) payable on sales.
Standard models—based exclusively on macro-financial variables—have made little progress in explaining the behavior of exchange rates.
This paper provides new evidence on the effectiveness of expenditure rules.
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery.
Need to Know
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy.
The purpose of the PEFA assessment is to provide an objective analysis of the present performance of the PFM system in Antigua and Barbuda.
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries.
What People Are Saying
Plunging oil prices have taken the public finances on an exciting ride the past six months. Oil prices have fallen about 45 percent since September (see April 2015 World Economic Outlook), putting a big dent in the revenues of oil exporters, while providing oil importers an unexpected windfall.
Does fiscal policy respond systematically to economic activity? Can fiscal policy promote macroeconomic stability? Does greater stability support stronger growth? The answer is yes on all counts.
Anyone can easily picture an economy where instability, stagnation and runaway government deficits converge into a perfect storm. Yet the simple mirror image of stability, growth, and balanced budgets currently seems odd to many.
This book develops a practical methodology, and associated tools, to show how the major environmental damages from energy can be quantified for different countries and used to design the efficient set of energy taxes.
The book underscores how the global financial crisis has reshaped our understanding of the role of fiscal policy with topics that include a historical view of debt accumulation; the timing, size, and composition of fiscal stimulus packages in advanced and emerging economies; the heated debate surrounding the size of fiscal multipliers and the effectiveness of fiscal policy as a countercyclical tool and more.
Revenues from natural resources often pose unique challenges for tax administration. This Handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries.
This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world.
At the fiscal forefront
- Press Briefing: Fiscal Monitor
- IMF’s Fiscal Affairs Department's 50th Anniversary
- Getting Energy Prices Right
- Administering Fiscal Regimes for Extractive
- IMF Moving Forward on Energy Tax Reform
- Vítor Gaspar: The IMF’s New Fiscal Policy Head
- Energy Subsidy Reform: Lesson and Implications
- Public Financial Management and Its Emerging Architecture
- Rethinking Macro Policy: First Steps and Early Lessons
- Fiscal Adjustment in an Uncertain World
- Partnerships for Change: Timor-Leste (October 10, 2012)
- The Economics of Public Health Care Reform in Advanced and Emerging Economies
- Africa Develops: IMF Technical Assistance in Mali (English and French)
- Africa Rebuilds: IMF Technical Assistance in Liberia