Back To Work: How Fiscal Policy Can Help
Fiscal Monitor, October 8, 2014
Source details
- Canonical URL
- Back To Work: How Fiscal Policy Can Help
Other formats
Bibliographic details
- Published: October 8, 2014
- Series: Fiscal Monitor
Overview
- Publication: Fiscal Monitor
- Title: Back To Work: How Fiscal Policy Can Help
- Date: October 2014
- High-level summary from the source:
- "With the recovery uneven, uncertainties still widespread, and social tensions rising, fiscal policy must find ways to put public finances on a firmer footing while at the same time supporting long-term growth."
- "Fiscal policy must, maybe more than in the past, incorporate measures aimed at increasing productivity, employment, and long term growth."
Major themes and findings
- Policy trade-offs across country groups:
- Advanced economies: "weak recovery and low inflation call for a delicate balance between support for growth and debt sustainability."
- Emerging markets: "should take advantage of their still favorable positions to rebuild policy buffers."
- Low-income countries: "should decisively strengthen fiscal governance to make productive use of their natural and financial resources."
- Role of fiscal policy for jobs (Chapter 2):
- Fiscal policy "cannot substitute for comprehensive reforms, it can support job creation in a number of ways."
- Three channels identified:
- "Deficit reduction can be designed and timed to minimize negative effects on employment."
- "Fiscal policy can facilitate structural reforms in the labor market by offsetting their potential short term costs."
- "Targeted fiscal measures, including labor tax cuts, can help tackle challenges in specific segments of the labor market, such as youth and older workers."
Structure and contents (selected)
- Front Matter: Preface; Executive Summary
- Chapter 1: Recent Fiscal Developments and Outlook
- Full Text
- Sections for: Advanced Economies; Emerging Market and Middle-Income Economies; Low-Income Developing Countries
- Boxes: 1.1 Lowflation and Debt in the Euro Area; 1.2 The Fiscal Implications of International Bond Issuance by Low-Income Developing Countries
- Figures: Fiscal Trends in Advanced Economies; Historical Fiscal Adjustment Episodes in Advanced Economies; 1.3 Fiscal Trends in Emerging Market and Middle-Income Economies; 1.4 Fiscal Trends in Low-Income Developing Countries
- Tables: 1.1a Fiscal Balances, 2008−15: Overall Balance; 1.1b Fiscal Balances, 2008−15: Cyclically Adjusted Balance; General Government Debt, 2008–15; Selected Advanced Economies: Gross Financing Needs, 2014–16; Selected Advanced Economies: Financial Sector Support; 1.5 Selected Emerging Market and Middle-Income Economies: Gross Financing Needs, 2014–15
- Chapter 2: Can Fiscal Policies Do More for Jobs?
- Subsections: Does the Composition of Fiscal Consolidation Affect Labor Market Outcomes?; Can Fiscal Policy Support Job-Friendly Labor Reforms?; Targeted Fiscal Measures I—Cutting Labor Taxes; Targeted Fiscal Measures II—Pension Reform to Increase Old-Age Employment
- Appendix 2.1. Methodology for Estimating the Impact of Fiscal Consolidation on Employment
- Numerous tables and figures enumerated as 2.1 through 2.23 and related methodological appendices
- Methodological and Statistical Appendix:
- Data and Conventions; Fiscal Policy Assumptions; Definition and Coverage of Fiscal Data
- Tables A, B, C detailing coverage for Advanced Economies, Emerging Market and Middle-Income Economies, Low-Income Developing Countries
- Statistical Tables numbered 1 through 25, including detailed fiscal series for different country groups and illustrative adjustment needs
Key enumerations and referenced items (as listed)
- Boxes: 1.1, 1.2
- Chapter 2 appendices and tables labeled 2.1–2.23 and 2.1–2.3 (including methodological and country-group breakdowns)
- Statistical Tables: 1–25, plus 23a, 23b, 24a, 24b, 25
- Selected time and data ranges explicitly referenced in tables and figures: 1985–2011; 2000–13; 2008−15; 2008–15; 2014–16; 2014–15; 2012; 2009
IMF Fiscal Monitor -- Back To Work: How Fiscal Policy Can Help, October 2014
Content in this bundle
- ملخص واف للراصـد المالي: عودة إلى العمل: كيف يمكن أن تساعد سياسة المالية العامة؟
- تقرير الراصد المالي: الاقتصاد العالمي يحتاج إلى سياسات ذكية للمالية العامة
- 明智的财政政策有助于改善就业; iMFdirect博客; 2014年10月8日
- 财政监测概要; 重回正途：财政政策能发挥怎样的作用
- 世界经济需要明智的财政政策; 基金组织概览; 2014年10月8日
- Fmexsf
- 賢明な財政政策が、雇用を支える: ヴィトル・ガスパル iMFdirect ブログ 2014年10月8日掲載
- 財政モニター 2014年10月: 要約
- 財政モニター: 賢明な財政政策を必要とする世界経済, IMF サーベイ, 2014年10月8日
- _backmatterpdf
- IMF Fiscal Monitor; Back to Work: How Fiscal Policy Can Help, October 2014
- IMF Fiscal Monitor; Back to Work: How Fiscal Policy Can Help, October 2014
- Fmc1pdf
- _fmc2pdf
- Executive Summary; IMF Fiscal Monitor; Back To Work: How Fiscal Policy Can Help, October 2014
- Executive Summary; IMF Fiscal Monitor; Back To Work: How Fiscal Policy Can Help, October 2014
- Preface; IMF Fiscal Monitor; Back To Work: How Fiscal Policy Can Help, October 2014
- _fmstatapppdf
- IMF Fiscal Monitor Technical Note, October 2014
- Обоснованная налогово-бюджетная политика поможет в создании рабочих мест
- Аналитическое резюме - Бюджетный вестник, октябрь 2014 года
- Monitor Fiscal - Resumen Ejecutivo; Octubre 2014