Carta PAYBACK di Mondadori
Su Mondadori Store, con la tua carta PAYBACK ti premi ad ogni acquisto.
Cesar Sosa Padilla
-
Fernando G Im
-
Jiro Honda
-
Jose L. Torres
-
Manabu Nose
-
Murna Morgan
-
Natalia A Koliadina
pubblicato da
INTERNATIONAL MONETARY FUND
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper explores the advantages of implementing fiscal rules to deal with such volatility. It finds that the use of a structural balance target could smooth the growth impact from revenue shocks while helping preserve sufficient international reserves during bad times. From a long-term perspective, it suggests possible welfare gains from introducing fiscal rules. Last, it concludes that, based on experiences in other countries, developing strong institutions and improving public financial management are necessary steps to ease the transitions to a rules-based fiscal policy framework.
Scrivi una recensione per "Fiscal Rules"
Torna in cima
Leggi un estratto
dai un voto
