Central Bank of Nigeria Library

Image from Google Jackets

Promoting fiscal discipline /

Contributor(s): Material type: TextTextPublication details: Washington, D.C. : International Monetary Fund, c2007.Description: vii, 134 pISBN:
  • 9781589066090
  • 158906609X
Subject(s): DDC classification:
  • 336.3 PRO
LOC classification:
  • HJ192.5 .P76 2007
Summary: In this book the authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches - fiscal rules, fiscal responsibility laws, and fiscal agencies - can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 336.3 PRO (Browse shelf(Opens below)) Available 31008100089412

Includes bibliographical references.

In this book the authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches - fiscal rules, fiscal responsibility laws, and fiscal agencies - can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them.

rpm 30/08/16

Loans

There are no comments on this title.

to post a comment.