Good, Bad or Ugly? [electronic resource] : On the Effects of Fiscal Rules with Creative Accounting, Milesi-Ferretti, Gian-Maria.
- Washington, D.C. : International Monetary Fund, 2000.
- IMF eLibrary
IMF Working Papers; Working Paper No. 00/172.
IMF Working Papers; Working Paper No. 00/172
- Government document
1 online resource (26 p.)
- Local subjects:
- Accounting practices.
Composition of public spending.
Cyclical fiscal policy.
Discretionary fiscal policy.
Fiscal policy decisions.
Fiscal policy rules.
Fiscal policy variables.
Formal fiscal restraints.
Level of public spending.
- Do fiscal rules likely lead to fiscal adjustment, or do they encourage the use of ‘creative accounting’? This question is studied with a model in which fiscal rules are imposed on ‘measured’ fiscal variables, which can differ from ‘true’ variables because there is a margin for creative accounting. The probability of detecting creative accounting depends on its size and the transparency of the budget. The model studies the effects on fiscal policy of different rules, separating structural from cyclical effects, and examines how these effects depend on the underlying fiscal distortion and on the degree of transparency of the budget.
- Description based on print version record.
- Milesi-Ferretti, Gian-Maria.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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