The Resource Promoting fiscal discipline, Manmohan S. Kumar, Teresa Ter-Minassian, editors

Promoting fiscal discipline, Manmohan S. Kumar, Teresa Ter-Minassian, editors

Label
Promoting fiscal discipline
Title
Promoting fiscal discipline
Statement of responsibility
Manmohan S. Kumar, Teresa Ter-Minassian, editors
Contributor
Editor
Issuing body
Subject
Language
eng
Summary
Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic and financial globalization. Lack of fiscal discipline generally stems from the injudicious use of policy discretion. The benefits of discretion are seen in terms of the ability of policymakers to respond to unexpected shocks and in allowing elected political representatives to fulfill their mandates. But discretion can be misused, resulting in persistent deficits and procyclical policies, rising debt levels, and, over time, a loss in policy credibility. The authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches - fiscal rules, fiscal responsibility laws, and fiscal agencies - can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them
Cataloging source
CaPaEBR
Dewey number
336.3
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HJ192.5
LC item number
.P76 2007eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Label
Promoting fiscal discipline, Manmohan S. Kumar, Teresa Ter-Minassian, editors
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Fiscal responsibility laws
  • Ana Corbacho and Gerd Schwartz
  • The role for fiscal agencies
  • Xavier Debrun, David Hauner, and Manmohan S. Kumar
  • Fiscal discipline : key issues and overview
  • Manmohan S. Kumar and Teresa Ter-Minassian
  • Discretion, institutions, and fiscal discipline
  • Xavier Debrun, David Hauner, and Manmohan S. Kumar
  • Cyclicality of fiscal policy
  • Fabrizio Balassone and Manmohan S. Kumar
  • Addressing the procyclical bias
  • Fabrizio Balassone and Manmohan S. Kumar
Control code
ocn535146809
Dimensions
unknown
Extent
1 online resource (vii, 134 pages)
File format
unknown
Form of item
online
Isbn
9781451927337
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Quality assurance targets
not applicable
http://library.link/vocab/recordID
.b37145459
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)535146809
  • imf1451927339

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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