Stock-flow adjustments, government's integrated balance sheet and fiscal transparency /:

"This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the '...

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1. Verfasser: Seiferling, Mike (VerfasserIn)
Körperschaft: International Monetary Fund. Statistics Department
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2013.
Schriftenreihe:IMF working paper ; WP/13/63.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:"This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the 'stock-flow' residual. Using partial measures of these stock-flow residuals, several empirical studies have found them to be significantly correlated with fiscal transparency, inflation, fiscal rules, and banking crisis. Using fully integrated public finance data from the IMF Government Finance Statistics Yearbook for a sample of 22 countries, the findings in this paper suggest that stock-flow residuals have a significantly smaller magnitude than previously assumed and are, in fact, not correlated with fiscal transparency. A stronger determinant of fiscal transparency scores appears to be the actual reporting of fiscal data covering general government, especially a full financial balance sheet"--Abstract.
Beschreibung:Title from PDF title page (IMF Web site, viewed Mar. 19, 2013).
"Statistics Department"--Page 2 of pdf.
"March 2013"--Page 2 of pdf.
Beschreibung:1 online resource (25 pages) : illustrations (some color)
Bibliographie:Includes bibliographical references (pages 23-24).
ISBN:9781475513370
1475513372
9781475570359
147557035X

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