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Fiscal Monitor

Smart Fiscal Policy Will Help Jobs

Vitor Gaspar | Posted 12.08.2014 | Business
Vitor Gaspar

In some countries, particularly in Europe, reform of labor markets may be necessary to remove persistent rigidities. Fiscal policy cannot substitute for such reforms. But fiscal policy can work in tandem with broader structural reform efforts to support job creation.

Public Finances Are on the Mend, but No Clean Bill of Health

Martine Guerguil | Posted 06.09.2014 | Business
Martine Guerguil

We've had a spate of good news on the economic front recently. Does this mean that we are finally out of the fiscal woods? According to our most recen...

Death and Taxes May Be Certain -- But Taxes We Can Make Better

Michael Keen | Posted 01.23.2014 | Business
Michael Keen

Can we tax better, could we -- if we wanted to -- raise more revenue, and how does fairness come into it?

Still Some Hurdles On The Fiscal Path

Martine Guerguil | Posted 12.09.2013 | Business
Martine Guerguil

Five years into the crisis, the fiscal landscape remains challenging. On the positive side, deficit-cutting efforts and the first signs of recovery re...

The Fiscal Milestone: Achievements, Fatigue, and Prospects

Carlo Cottarelli | Posted 06.16.2013 | Business
Carlo Cottarelli

The 2008-09 global economic crisis pushed public debt ratios of advanced economies to levels never seen before during peacetime. These high debt levels expose countries to a loss of market confidence and, ultimately, damage long-term growth prospects.

Taking Stock: Public Finances Now Stronger in Many Countries

Carlo Cottarelli | Posted 12.10.2012 | Business
Carlo Cottarelli

The slow global recovery is making fiscal adjustment more difficult around the world, but this doesn't mean that little has been accomplished. In fact, significant progress in many countries has been made during the past two years in strengthening their fiscal accounts after the 2008-09 deterioration.

Finding the Right Balance to Adjusting Public Spending

Carlo Cottarelli | Posted 06.20.2012 | Business
Carlo Cottarelli

When it comes to adjusting public spending, getting the balance right is important. Fiscal adjustment is taking place in economies around the world, but risks remain high.

Fiscal Glass Is Half Full: Some Reasons for Optimism

Carlo Cottarelli | Posted 11.21.2011 | Business
Carlo Cottarelli

In the midst of jittery financial markets, and global economic doom and gloom, it's easy to become pessimistic. Perhaps too much so; amid what seems like a steady drum beat of bad news, one can lose sight of what has been achieved over the last couple of years.

Shifting Gears: Where the Rubber Meets the Fiscal Road

Carlo Cottarelli | Posted 06.13.2011 | Business
Carlo Cottarelli

Countries are starting the climb the fiscal adjustment mountain, cutting back government deficits and debt levels, but according to our analysis, current plans often aren't enough to get countries where they need and want to go.

The Long and the Short of It -- Government Debt Plans in 2011 and Beyond

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

As we said in the just-published Fiscal Monitor update, fiscal policy this year in some leading advanced economies is shaping up to be quite different from what was expected just last November.

'Combination of Worries' Gets Attention in Davos (Video)

iMFdirect | Posted 05.25.2011 | Business
iMFdirect

Europe's sovereign debt crisis, fiscal challenges in advanced economies, concerns about overheating in emerging market countries, and the impact of rising food prices. These were the hot topics this year in Davos.