This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transi

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a

What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approac

This report investigates how tax structures can best be designed to support GDP per capita growth.

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound go