Promoting fiscal discipline /:
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...
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
[2007]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource (vii, 134 pages) : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781451927337 1451927339 9781452729152 1452729158 1462342140 9781462342143 1283535521 9781283535526 9786613847973 6613847976 |
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| 245 | 0 | 0 | |a Promoting fiscal discipline / |c Manmohan S. Kumar, Teresa Ter-Minassian, editors. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2007] | |
| 264 | 4 | |c ©2007 | |
| 300 | |a 1 online resource (vii, 134 pages) : |b illustrations | ||
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| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | 0 | |t Fiscal discipline : key issues and overview / |r Manmohan S. Kumar and Teresa Ter-Minassian -- |t Discretion, institutions, and fiscal discipline / |r Xavier Debrun, David Hauner, and Manmohan S. Kumar -- |t Cyclicality of fiscal policy / |r Fabrizio Balassone and Manmohan S. Kumar -- |t Addressing the procyclical bias / |r Fabrizio Balassone and Manmohan S. Kumar -- |t Fiscal responsibility laws / |r Ana Corbacho and Gerd Schwartz -- |t The role for fiscal agencies / |r Xavier Debrun, David Hauner, and Manmohan S. Kumar. |
| 588 | 0 | |a Print version record. | |
| 520 | |a 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. | ||
| 546 | |a English. | ||
| 650 | 0 | |a Fiscal policy. |0 http://id.loc.gov/authorities/subjects/sh85048601 | |
| 650 | 0 | |a Finance, Public. |0 http://id.loc.gov/authorities/subjects/sh85048270 | |
| 650 | 0 | |a Economic policy. |0 http://id.loc.gov/authorities/subjects/sh85040837 | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Finances publiques. | |
| 650 | 6 | |a Politique économique. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Public Finance. |2 bisacsh | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Finance, Public |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 653 | |a Financial reform -- |a Policy aspects. | ||
| 653 | |a Economic development -- |a Fiscal policy. | ||
| 700 | 1 | |a Kumar, Manmohan S., |e editor. |0 http://id.loc.gov/authorities/names/n84080873 | |
| 700 | 1 | |a Ter-Minassian, Teresa, |e editor. |0 http://id.loc.gov/authorities/names/no95008835 | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 758 | |i has work: |a Promoting fiscal discipline (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFGPJ6bYxbmJwdYbjk8P33 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |t Promoting fiscal discipline. |d [Washington, D.C.] : International Monetary Fund, ©2007 |z 9781589066090 |w (DLC) 2008295541 |w (OCoLC)179909142 |
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Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn535146809 |
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| _version_ | 1804748427611865088 |
| adam_text | |
| any_adam_object | |
| author2 | Kumar, Manmohan S. Ter-Minassian, Teresa |
| author2_role | edt edt |
| author2_variant | m s k ms msk t t m ttm |
| author_GND | http://id.loc.gov/authorities/names/n84080873 http://id.loc.gov/authorities/names/no95008835 |
| author_additional | Manmohan S. Kumar and Teresa Ter-Minassian -- Xavier Debrun, David Hauner, and Manmohan S. Kumar -- Fabrizio Balassone and Manmohan S. Kumar -- Ana Corbacho and Gerd Schwartz -- Xavier Debrun, David Hauner, and Manmohan S. Kumar. |
| author_facet | Kumar, Manmohan S. Ter-Minassian, Teresa |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HJ192 |
| callnumber-raw | HJ192.5 .P76 2007eb |
| callnumber-search | HJ192.5 .P76 2007eb |
| callnumber-sort | HJ 3192.5 P76 42007EB |
| callnumber-subject | HJ - Public Finance |
| collection | ZDB-4-EBU |
| contents | Fiscal discipline : key issues and overview / Discretion, institutions, and fiscal discipline / Cyclicality of fiscal policy / Addressing the procyclical bias / Fiscal responsibility laws / The role for fiscal agencies / |
| ctrlnum | (OCoLC)535146809 |
| dewey-full | 336.3 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 336 - Public finance |
| dewey-raw | 336.3 |
| dewey-search | 336.3 |
| dewey-sort | 3336.3 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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Kumar.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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. 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| id | ZDB-4-EBU-ocn535146809 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:03:42Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n81052755 |
| isbn | 9781451927337 1451927339 9781452729152 1452729158 1462342140 9781462342143 1283535521 9781283535526 9786613847973 6613847976 |
| language | English |
| oclc_num | 535146809 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (vii, 134 pages) : illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | International Monetary Fund, |
| record_format | marc |
| spelling | Promoting fiscal discipline / Manmohan S. Kumar, Teresa Ter-Minassian, editors. [Washington, D.C.] : International Monetary Fund, [2007] ©2007 1 online resource (vii, 134 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 Includes bibliographical references. 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 -- Fiscal responsibility laws / Ana Corbacho and Gerd Schwartz -- The role for fiscal agencies / Xavier Debrun, David Hauner, and Manmohan S. Kumar. Print version record. 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. English. Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Finance, Public. http://id.loc.gov/authorities/subjects/sh85048270 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Politique fiscale. Finances publiques. Politique économique. BUSINESS & ECONOMICS Public Finance. bisacsh Economic policy fast Finance, Public fast Fiscal policy fast Financial reform -- Policy aspects. Economic development -- Fiscal policy. Kumar, Manmohan S., editor. http://id.loc.gov/authorities/names/n84080873 Ter-Minassian, Teresa, editor. http://id.loc.gov/authorities/names/no95008835 International Monetary Fund, issuing body. http://id.loc.gov/authorities/names/n81052755 has work: Promoting fiscal discipline (Text) https://id.oclc.org/worldcat/entity/E39PCFGPJ6bYxbmJwdYbjk8P33 https://id.oclc.org/worldcat/ontology/hasWork Print version: Promoting fiscal discipline. [Washington, D.C.] : International Monetary Fund, ©2007 9781589066090 (DLC) 2008295541 (OCoLC)179909142 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449552 Volltext |
| spellingShingle | Promoting fiscal discipline / Fiscal discipline : key issues and overview / Discretion, institutions, and fiscal discipline / Cyclicality of fiscal policy / Addressing the procyclical bias / Fiscal responsibility laws / The role for fiscal agencies / Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Finance, Public. http://id.loc.gov/authorities/subjects/sh85048270 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Politique fiscale. Finances publiques. Politique économique. BUSINESS & ECONOMICS Public Finance. bisacsh Economic policy fast Finance, Public fast Fiscal policy fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85048601 http://id.loc.gov/authorities/subjects/sh85048270 http://id.loc.gov/authorities/subjects/sh85040837 |
| title | Promoting fiscal discipline / |
| title_alt | Fiscal discipline : key issues and overview / Discretion, institutions, and fiscal discipline / Cyclicality of fiscal policy / Addressing the procyclical bias / Fiscal responsibility laws / The role for fiscal agencies / |
| title_auth | Promoting fiscal discipline / |
| title_exact_search | Promoting fiscal discipline / |
| title_full | Promoting fiscal discipline / Manmohan S. Kumar, Teresa Ter-Minassian, editors. |
| title_fullStr | Promoting fiscal discipline / Manmohan S. Kumar, Teresa Ter-Minassian, editors. |
| title_full_unstemmed | Promoting fiscal discipline / Manmohan S. Kumar, Teresa Ter-Minassian, editors. |
| title_short | Promoting fiscal discipline / |
| title_sort | promoting fiscal discipline |
| topic | Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Finance, Public. http://id.loc.gov/authorities/subjects/sh85048270 Economic policy. http://id.loc.gov/authorities/subjects/sh85040837 Politique fiscale. Finances publiques. Politique économique. BUSINESS & ECONOMICS Public Finance. bisacsh Economic policy fast Finance, Public fast Fiscal policy fast |
| topic_facet | Fiscal policy. Finance, Public. Economic policy. Politique fiscale. Finances publiques. Politique économique. BUSINESS & ECONOMICS Public Finance. Economic policy Finance, Public Fiscal policy |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449552 |
| work_keys_str_mv | AT kumarmanmohans promotingfiscaldiscipline AT terminassianteresa promotingfiscaldiscipline AT internationalmonetaryfund promotingfiscaldiscipline |