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Fiscal crises /
A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries (LIDCs...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
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| Colección: | IMF working paper ;
WP/17/86. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Content; Abstract; I. Introduction; II. Database of Fiscal Crisis Episodes; A. Conceptual Framework; B. Identification Methodology and Data Issues; C. Key Characteristics of Fiscal Crises; III. Economic Outcomes and Policies Around Fiscal Crises; A. The Dynamics Around Fiscal Crises; B. Twin Crises; C. The Long-Term Growth and Debt Impact; IV. Conclusion; References; Appendix; Tables; Table 2.1. Identification Methodology and Data Sources; Table 2.2. Number of Identified Fiscal Crisis Episodes (1970-2015); Table 2.3. Comparison of Identified Fiscal Crisis Episodes (1970-2015).
- Table 2.4. Triggering Criteria per Country GroupsTable 3.1. Key Macro Variables Before and During Crises; Figures; Figure 1.1. Ten of the Worst Crises Since 2005; Figure 2.1. Number of Crisis Episodes per Decade (1970-2015); Figure 2.2. Number of Crisis Criteria Triggered per Decade (1970-2015); Figure 2.3. Average Real GDP p.c. Growth; Figure 2.4. Overlap between Fiscal, Banking, and Currency Crises; Figure 2.5. Real GDP p.c. Growth-Before and During the Crisis; Figure 3.1. Actual Deviation of Real GDP p.c. from Trend; Annexes; 1. Data Sources; Appendix Tables.
- Appendix Table 1. Sample CountriesAppendix Table 2. Number of Fiscal Crisis Years; Appendix Table 3. Onset of Fiscal Crises-Confluence of Criteria; Appendix Table 4. Fiscal Crisis Years-Overlap between Fulfilled Criteria; Appendix Table 5. Percent of Episodes with Negative Real GDP p.c. Growth; Appendix Figures; Appendix Figure 1. Event Study-Key Macro-Fiscal Variables; Appendix Figure 2. Event Study along Country Groups-Public Debt, Growth, and Prices; Appendix Figure 3. Event Study along Country Groups-Key Fiscal Indicators.
- Appendix Figure 4. Event Study along Crisis Criteria-Key Macro-Fiscal VariablesAppendix Figure 5. Disaggregation of Credit Events Criterion-Public Debt and Growth; Appendix Figure 6. Twin Fiscal-Banking Crises-Public Debt and Growth; Appendix Figure 7. Twin Fiscal-Currency Crises-Public Debt and Growth; Appendix Figure 8. Fiscal Crisis Response-Changes in Public Debt and Output.