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 '...
Gespeichert in:
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Körperschaft: | |
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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500 | |a "Statistics Department"--Page 2 of pdf. | ||
500 | |a "March 2013"--Page 2 of pdf. | ||
520 | |a "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. | ||
504 | |a Includes bibliographical references (pages 23-24). | ||
505 | 0 | |a Cover; Abstract; Contents; I. Introduction; II. Accounting Illusions and Fiscal Transparency; III. The Stock-Flow Adjustment Identity; IV. Empirical Considerations; Figures; 1a. and 1b. Partial and Complete Stock-Flow Residuals (1996-2010); 2. Partial and Complete Stock Flow Residuals in Greece, Norway and the United Kingdom; Tables; 1. Partial and Complete Stock-Flow Data Summary Statistics; V. Stock-Flow Adjustments and Fiscal Transparency: A Re-Examination; 3. Reporting of Government Finance Statistics to the IMF and Fiscal Transparency. | |
505 | 8 | |a 2. Determinants of Partial and Complete Stock-Flow ResidualsVI. Conclusion; 4. Partial and Complete Stock-Flow Fixed Effects and Fiscal Transparency; Appendices; I. Summary Statistics and Data Sources; II. Flows, Transactions, Net Worth, and Debt in Fiscal Statistics; REFERENCES. | |
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author | Seiferling, Mike |
author_GND | http://id.loc.gov/authorities/names/no2013008940 |
author_corporate | International Monetary Fund. Statistics Department |
author_corporate_role | |
author_facet | Seiferling, Mike International Monetary Fund. Statistics Department |
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callnumber-first | H - Social Science |
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callnumber-raw | HG3881.5.I58 W67 No. 13/63eb |
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callnumber-sort | HG 43881.5 I58 W67 NO 213 263EB |
callnumber-subject | HG - Finance |
collection | ZDB-4-EBU |
contents | Cover; Abstract; Contents; I. Introduction; II. Accounting Illusions and Fiscal Transparency; III. The Stock-Flow Adjustment Identity; IV. Empirical Considerations; Figures; 1a. and 1b. Partial and Complete Stock-Flow Residuals (1996-2010); 2. Partial and Complete Stock Flow Residuals in Greece, Norway and the United Kingdom; Tables; 1. Partial and Complete Stock-Flow Data Summary Statistics; V. Stock-Flow Adjustments and Fiscal Transparency: A Re-Examination; 3. Reporting of Government Finance Statistics to the IMF and Fiscal Transparency. 2. Determinants of Partial and Complete Stock-Flow ResidualsVI. Conclusion; 4. Partial and Complete Stock-Flow Fixed Effects and Fiscal Transparency; Appendices; I. Summary Statistics and Data Sources; II. Flows, Transactions, Net Worth, and Debt in Fiscal Statistics; REFERENCES. |
ctrlnum | (OCoLC)830468612 |
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dewey-raw | 330.01/5195 |
dewey-search | 330.01/5195 |
dewey-sort | 3330.01 45195 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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spelling | Seiferling, Mike, author. http://id.loc.gov/authorities/names/no2013008940 Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / Mike Seiferling. [Washington, D.C.] : International Monetary Fund, ©2013. 1 online resource (25 pages) : illustrations (some color) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/13/63 Title from PDF title page (IMF Web site, viewed Mar. 19, 2013). "Statistics Department"--Page 2 of pdf. "March 2013"--Page 2 of pdf. "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. Includes bibliographical references (pages 23-24). Cover; Abstract; Contents; I. Introduction; II. Accounting Illusions and Fiscal Transparency; III. The Stock-Flow Adjustment Identity; IV. Empirical Considerations; Figures; 1a. and 1b. Partial and Complete Stock-Flow Residuals (1996-2010); 2. Partial and Complete Stock Flow Residuals in Greece, Norway and the United Kingdom; Tables; 1. Partial and Complete Stock-Flow Data Summary Statistics; V. Stock-Flow Adjustments and Fiscal Transparency: A Re-Examination; 3. Reporting of Government Finance Statistics to the IMF and Fiscal Transparency. 2. Determinants of Partial and Complete Stock-Flow ResidualsVI. Conclusion; 4. Partial and Complete Stock-Flow Fixed Effects and Fiscal Transparency; Appendices; I. Summary Statistics and Data Sources; II. Flows, Transactions, Net Worth, and Debt in Fiscal Statistics; REFERENCES. Stock-flow analysis. http://id.loc.gov/authorities/subjects/sh2004009719 Finance, Public Statistics. Modèles des flux et des stocks. Finances publiques Statistiques. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Finance, Public fast Stock-flow analysis fast Government debt Accountability Statistics Trends Australia overseas comparisons Statistics fast International Monetary Fund. Statistics Department. http://id.loc.gov/authorities/names/n91042111 IMF working paper ; WP/13/63. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=561218 Volltext |
spellingShingle | Seiferling, Mike Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / IMF working paper ; Cover; Abstract; Contents; I. Introduction; II. Accounting Illusions and Fiscal Transparency; III. The Stock-Flow Adjustment Identity; IV. Empirical Considerations; Figures; 1a. and 1b. Partial and Complete Stock-Flow Residuals (1996-2010); 2. Partial and Complete Stock Flow Residuals in Greece, Norway and the United Kingdom; Tables; 1. Partial and Complete Stock-Flow Data Summary Statistics; V. Stock-Flow Adjustments and Fiscal Transparency: A Re-Examination; 3. Reporting of Government Finance Statistics to the IMF and Fiscal Transparency. 2. Determinants of Partial and Complete Stock-Flow ResidualsVI. Conclusion; 4. Partial and Complete Stock-Flow Fixed Effects and Fiscal Transparency; Appendices; I. Summary Statistics and Data Sources; II. Flows, Transactions, Net Worth, and Debt in Fiscal Statistics; REFERENCES. Stock-flow analysis. http://id.loc.gov/authorities/subjects/sh2004009719 Finance, Public Statistics. Modèles des flux et des stocks. Finances publiques Statistiques. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Finance, Public fast Stock-flow analysis fast |
subject_GND | http://id.loc.gov/authorities/subjects/sh2004009719 |
title | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / |
title_auth | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / |
title_exact_search | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / |
title_full | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / Mike Seiferling. |
title_fullStr | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / Mike Seiferling. |
title_full_unstemmed | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / Mike Seiferling. |
title_short | Stock-flow adjustments, government's integrated balance sheet and fiscal transparency / |
title_sort | stock flow adjustments government s integrated balance sheet and fiscal transparency |
topic | Stock-flow analysis. http://id.loc.gov/authorities/subjects/sh2004009719 Finance, Public Statistics. Modèles des flux et des stocks. Finances publiques Statistiques. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Finance, Public fast Stock-flow analysis fast |
topic_facet | Stock-flow analysis. Finance, Public Statistics. Modèles des flux et des stocks. Finances publiques Statistiques. BUSINESS & ECONOMICS Econometrics. BUSINESS & ECONOMICS Statistics. Finance, Public Stock-flow analysis Statistics |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=561218 |
work_keys_str_mv | AT seiferlingmike stockflowadjustmentsgovernmentsintegratedbalancesheetandfiscaltransparency AT internationalmonetaryfundstatisticsdepartment stockflowadjustmentsgovernmentsintegratedbalancesheetandfiscaltransparency |