Fiscal Monitor, April 2015: Now Is the Time: Fiscal Policies for Sustainable Growth

April 15, 2015

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Fiscal Monitor, April 2015: Now Is the Time: Fiscal Policies for Sustainable Growth, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Also available in: العربية, español, français, 日本語, русский, 中文

Summary

Fiscal risks remain significant in both advanced and emerging market and developing economies. Fiscal policy continues to play an essential role in building confidence and, where appropriate, sustaining aggregate demand. According to this issue of the Fiscal Monitor, strengthening fiscal frameworks—particularly to manage public finance risks and ensure debt sustainability—must be part of the fiscal policy response. Countries should seize the moment created by lower oil prices to start the process of energy taxation and energy subsidy reform. Finally, fiscal policy can contribute substantially to macroeconomic stability, through the workings of automatic stabilizers. By doing so, fiscal policy can also unlock significant growth dividends.

Subject: Automatic stabilizers, Fiscal policy, Fiscal stabilization, Fiscal stance, Oil prices, Prices, Public debt

Keywords: Advanced economy, Africa, Asia and Pacific, Automatic stabilizers, Automatic stabilizers play, Caribbean, Central America, Commodity revenue, Country abbreviation, Def, Effectiveness coefficient, Fiscal policy policy change, Fiscal stabilization, Fiscal stance, FM, Global, Government debt markets, Imputed interest, Middle East, North Africa, Oil prices, Productivity-enhancing investment, Statistics manual

Publication Details

Pages:

110
Volume:

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DOI:

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Issue:

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Series:

Fiscal Monitor No. 2015/001
Stock No:

FMOEA2015001
ISBN:

9781498396387
ISSN:

2219-276X

Supplemental Resources

Link to Table of Contents
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Notes

Executive summaries also available in Arabic, Chinese, French, Japanese, Russian, and Spanish

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