Fiscal Monitor, October 2014: Back to Work: How Fiscal Policy Can Help
Fiscal Monitor, October 8, 2014
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- Fiscal Monitor, October 2014: Back to Work: How Fiscal Policy Can Help
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Bibliographic details
- Published: October 8, 2014
- Series: Fiscal Monitor
- DOI: https://doi.org/10.5089/9781498375702.089
Summary findings
- At a time when job creation tops the policy agenda globally, this issue explores if and how fiscal policy can do more for jobs.
- Fiscal policy cannot substitute for comprehensive reforms but can support job creation in several ways:
- 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.
Policy implications and measures
- Design and timing of deficit reduction:
- Use deficit-reduction strategies that explicitly consider employment effects to minimize negative labor-market outcomes.
- Support for structural labor-market reforms:
- Employ fiscal offsets to cushion short-term costs of reforms aimed at improving labor-market functioning.
- Targeted fiscal measures:
- Implement targeted measures, including labor tax cuts, focused on specific groups (for example, youth and older workers) to address segment-specific challenges.
Subject coverage and keywords
- Subject: Employment, Fiscal policy, Fiscal stance, Labor, Macroeconomic and fiscal forecasts, Public debt, Public financial management (PFM)
- Keywords: a number of economy, Africa, Asia and Pacific, deficit economy, economy, emerging market, Employment, Fiscal stance, FM, Global, imputed interest, labor market reform, Macroeconomic and fiscal forecasts, Middle East, nominal GDP, North Africa, potential GDP
Content in this bundle
- IMF Fiscal Monitor; Back to Work: How Fiscal Policy Can Help, October 2014
- ملخص واف للراصـد المالي: عودة إلى العمل: كيف يمكن أن تساعد سياسة المالية العامة؟
- 财政监测概要; 重回正途：财政政策能发挥怎样的作用
- _fmexsf
- 財政モニター 2014年10月: 要約
- Executive Summary; IMF Fiscal Monitor; Back To Work: How Fiscal Policy Can Help, October 2014
- Monitor Fiscal - Resumen Ejecutivo; Octubre 2014
References
- https://www.imf.org/en/publications/fm
- United States and the IMF
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- Employment
- Fiscal policy
- Fiscal stance
- Labor
- Macroeconomic and fiscal forecasts
- Public debt
- Public financial management (PFM)
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