Taking stock : a progress report on fiscal adjustment
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Bibliographic Information
Taking stock : a progress report on fiscal adjustment
（World economic and financial surveys, . Fiscal monitor ; October 2012）
International Monetary Fund, c2012
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Description based on 3rd printing (revised), December 2012
"The Fiscal monitor is prepared by the IMF Fiscal Affairs Department under the supervision of Carlo Cottarelli, Director of the Department, and Philip Gerson, Deputy Director."--Pref
Includes bibliographical references (p. 100-103)
Description and Table of Contents
Description
With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyse the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. The Fiscal Monitor is prepared twice a year by the IMF's Fiscal Affairs Department. The Monitor's projections are based on the same database used for the October 2010 World Economic Outlook (WEO) and Global Financial Stability Report. The fiscal projections for individual countries have been prepared by IMF desk economists, and, in line with the WEO guidelines, assume that announced policies will be implemented.
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