Title Good, bad, or ugly? : on the effects of fiscal rules with creative accounting / Gian Maria Milesi-Ferretti

Published [Washington, D.C.] : International Monetary Fund, Research Dept., ©2000

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Description 1 online resource (25 pages) Series IMF working paper, 2227-8885 ; WP/00/172 IMF working paper ; WP/00/172. Summary Annotation 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 Bibliography Includes bibliographical references (pages 23-25) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Budget -- Econometric models Fiscal policy -- Econometric models Accounting -- Econometric models Disclosure of information -- Econometric models Disclosure of information -- Economic aspects -- Econometric models Budget -- Econometric models. Fiscal policy -- Econometric models. Form Electronic book Author International Monetary Fund. Research Department. ISBN 1451903820 9781451903829

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