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Advancing the Frontiers of Monetary Policy

Advancing the Frontiers of Monetary Policy »

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

DOI: http://dx.doi.org/10.5089/9781484325940.071

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also...

India's Experience with Fiscal Rules
			: An Evaluation and The Way Forward

India's Experience with Fiscal Rules : An Evaluation and The Way Forward »

Volume/Issue: 2009/175

Series: IMF Working Papers

Author(s): Alejandro Simone , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873221.001

ISBN: 9781451873221

Keywords: expenditure, expenditure growth, fiscal discipline

This paper examines India's experience with fiscal rules with a view to inform the design of a possible successor fiscal framework to the FRBMA. Among several proposals to strengthen the FRBMA, a framework that foc...

The Quality of Public Investment

The Quality of Public Investment »

Volume/Issue: 2009/154

Series: IMF Working Papers

Author(s): Shankha Chakraborty , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873016.001

ISBN: 9781451873016

Keywords: Public Capital, private capital, investment spending, public investment spending, increasing returns,

This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, spec...

Indian Subnational Finances
			: Recent Performance

Indian Subnational Finances : Recent Performance »

Volume/Issue: 2007/205

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , and Adarsh Kishore

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

DOI: http://dx.doi.org/10.5089/9781451867695.001

ISBN: 9781451867695

Keywords: State budgets, subnational finances, expenditure, fiscal policy, fiscal deficit, expenditures, fiscal responsibility,

The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States' fiscal distress, built a...

Investissement public et partenariats public-privé

Investissement public et partenariats public-privé »

Series: Economic Issues

Author(s): Gerd Schwartz , Richard Hemming , and Bernardin Akitoby

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 March 2007

Language: French

DOI: http://dx.doi.org/10.5089/9781589065444.051

ISBN: 9781589065444

Keywords: dette publique, objectifs budgétaires, finances publiques, risque budgétaire

Depuis trois décennies, les dépenses publiques en infrastructure diminuent proportionnellement au PIB dans le monde entier. Le lien entre l'investissement dans les infrastructures et la croissance économique n'a pa...

The Challenge of Fiscal Adjustment in a Democracy
			: The Case of India

The Challenge of Fiscal Adjustment in a Democracy : The Case of India »

Volume/Issue: 2004/168

Series: IMF Working Papers

Author(s): Ricardo Hausmann , and Catriona Purfield

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858297.001

ISBN: 9781451858297

Keywords: Fiscal responsibility legislation, federal relations, budget management, fiscal responsibility, fiscal imbalances, decentralization, Structure, Scope, and Performance of Government, State and Local Borrowing,

India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic ca...

IMF Staff Papers, Volume 51, No. 1

IMF Staff Papers, Volume 51, No. 1 »

Volume: 51

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2004

DOI: http://dx.doi.org/10.5089/9781589063228.024

ISBN: 9781589063228

Keywords: expenditure, bribe, government expenditure, bribes, Banks and banking, Special Drawing Rights (SDR), Capital Stock, Cointegration, Demand (economic Theory), Empirical Methods

This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new fe...

Estadísticas de la deuda externa
			: Guía para compiladores y usuarios

Estadísticas de la deuda externa : Guía para compiladores y usuarios »

Series: Manuals & Guides

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2004

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781589062986.069

ISBN: 9781589062986

Esta Guía proporciona orientación clara y actualizada sobre los conceptos, definiciones y clasificaciones de la deuda externa bruta de los sectores público y privado, y sobre las fuentes, técnicas de compilación y...

The Decentralization Dilemma in India

The Decentralization Dilemma in India »

Volume/Issue: 2004/32

Series: IMF Working Papers

Author(s): Catriona Purfield

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2004

DOI: http://dx.doi.org/10.5089/9781451845143.001

ISBN: 9781451845143

Keywords: panel econometrics, decentralization, fiscal performance, government expenditure, government deficit, fiscal discipline,

Already in precarious shape, the financial health of India’s states took a turn for the worse in the late 1990s when state deficits and debt rose sharply. While India is among the world’s most decentr...

On National or Supranational Objectives
			: Improving the Effectiveness of Targeted Expenditure Programs

On National or Supranational Objectives : Improving the Effectiveness of Targeted Expenditure Programs »

Volume/Issue: 2002/209

Series: IMF Working Papers

Author(s): Ping Zhang , Eivind Tandberg , and Ehtisham Ahmad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

DOI: http://dx.doi.org/10.5089/9781451874761.001

ISBN: 9781451874761

Keywords: incentive schemes, intergovernmental finance, provincial government, local governments, local government, decentralization, fiscal decentralization, National Government Expenditures And Related Policies,

Central governments or the international community at large are concerned about subnational service delivery. The design of targeted expenditure programs features frequently in central efforts to redistribute infra...