## 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](https://www.imf.org/en/publications/fm/issues/2016/12/31/back-to-work-how-fiscal-policy-can-help) ## Other formats - [Markdown version](/en/publications/fm/issues/2016/12/31/back-to-work-how-fiscal-policy-can-help/index.md) - [Structured JSON version](/en/publications/fm/issues/2016/12/31/back-to-work-how-fiscal-policy-can-help/index.json) - [Bundle manifest](/en/publications/fm/issues/2016/12/31/back-to-work-how-fiscal-policy-can-help/bundle-manifest.json) ## 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؟** - [ملخص واف للراصـد المالي: عودة إلى العمل: كيف يمكن أن تساعد سياسة المالية العامة؟ (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/fm/2014/02/pdf/fmexsa.pdf.md){rel="alternate" type="text/markdown"} - [ملخص واف للراصـد المالي: عودة إلى العمل: كيف يمكن أن تساعد سياسة المالية العامة؟ (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/fm/2014/02/pdf/fmexsa.pdf){rel="external" type="application/pdf"} - **تقرير الراصد المالي: الاقتصاد العالمي يحتاج إلى سياسات ذكية للمالية العامة** - [تقرير الراصد المالي: الاقتصاد العالمي يحتاج إلى سياسات ذكية للمالية العامة (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/survey/so/2014/_pol100814aa.pdf.md){rel="alternate" type="text/markdown"} - [تقرير الراصد المالي: الاقتصاد العالمي يحتاج إلى سياسات ذكية للمالية العامة (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/survey/so/2014/_pol100814aa.pdf){rel="external" type="application/pdf"} - **明智的财政政策有助于改善就业; 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