Benedict Mr Clements: 15 books

Book cover of Fiscal Reforms in Low-Income Countries
by Benedict Mr. Clements, Liam Mr. Ebrill, Sanjeev Mr. Gupta
Language: English
Release Date: March 31, 1998

The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal performance....
Book cover of Is the PRGF Living Up to Expectations?
by Benedict Mr. Clements, Gabriela Ms. Inchauste, Nita Mrs. Thacker
Language: English
Release Date: September 26, 2002

In late 1999 the IMF established the Poverty Reduction and Growth Facility (PRGF) to integrate the objectives of poverty reduction and growth more fully into its operations for the poorest countries, and to base these operations on national poverty reduction strategies prepared by the country with broad...
Book cover of Designing Monetary and Fiscal Policy in Low-Income Countries
by Jan Mr. Martijn, Gabriel Mr. Di Bella, Shamsuddin Mr. Tareq
Language: English
Release Date: July 19, 2006

Macroeconomic outcomes in low-income countries (LICs) have improved markedly in recent years, but important questions remain regarding possible adjustments in the design of IMF-supported programs in such countries. This paper draws on a review of the literature as well as the experience of 15 LICs...
Book cover of Rebuilding Fiscal Institutions in Postconflict Countries
by Rina Ms. Bhattacharya, Benedict Mr. Clements, Sanjeev Mr. Gupta
Language: English
Release Date: December 27, 2005

This paper discusses experiences in reestablishing fiscal management in postconflict countries. Building fiscal institutions in postconflict countries essentially entails a three-step process: (1) creating a legal or regulatory framework for fiscal management; (2) establishing or strengthening fiscal...
Book cover of Reforma de los subsidios a la energía

Reforma de los subsidios a la energía

Lecciones e implicaciones

by Benedict Mr. Clements, David Coady, Stefania Ms. Fabrizio
Language: Spanish
Release Date: November 26, 2014

Los subsidios a la energía tienen consecuencias económicas de amplio alcance. A pesar de que tienen por objeto proteger a los consumidores, los subsidios agravan los desequilibrios fiscales, desplazan gastos públicos prioritarios y deprimen la inversión privada, en particular en el sector de la energía....
Book cover of The Challenge of Public Pension Reform in Advanced and Emerging Economies
by Benedict Mr. Clements, David Coady, Frank Eich
Language: English
Release Date: January 25, 2013

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage...
Book cover of Inequality and Fiscal Policy
by Benedict Mr. Clements, Ruud Mooij, Sanjeev Mr. Gupta
Language: English
Release Date: September 21, 2015

The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to...
Book cover of Is the Glass Half Empty Or Half Full?

Is the Glass Half Empty Or Half Full?

Issues in Managing Water Challenges and Policy Instruments

by Kalpana Ms. Kochhar, Catherine Ms. Pattillo, Yan Ms. Sun
Language: English
Release Date: June 8, 2015

This paper examines water challenges, a growing global concern with adverse economic and social consequences, and discusses economic policy instruments. Water subsidies provided through public utilities are estimated at about $456 billion or 0.6 percent of global GDP in 2012. The paper suggests that...
Book cover of Helping Countries Develop: The Role of Fiscal Policy
by Benedict Mr. Clements, Sanjeev Mr. Gupta, Gabriela Ms. Inchauste
Language: English
Release Date: September 17, 2004

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the microeconomic (through its influence on the efficiency of resource use). But how precisely...
Book cover of From Stimulus to Consolidation: Revenue and Expenditure Policies in Advanced and Emerging Economies
by Benedict Mr. Clements, Juan Mr. Toro R., Victoria Perry
Language: English
Release Date: October 6, 2010

This paper identifies policy tools that could be used for fiscal consolidation in advanced and emerging economies in the years ahead. The consolidation strategy, particularly in advanced countries, should aim to stabilize age-related spending in relation to GDP, reduce non-age-related expenditure...
Book cover of The Economics of Public Health Care Reform in Advanced and Emerging Economies
by David Coady, Benedict Mr. Clements, Sanjeev Mr. Gupta
Language: English
Release Date: April 13, 2012

Health care reform will be a key fiscal policy challenge in both advanced and emerging economies in coming years. In the advanced economies, the health sector has been one of the main drivers of government expenditure, accounting for about half of the rise in total spending over the past forty years....
Book cover of What Happens to Social Spending in IMF-Supported Programs?
by Masahiro Nozaki, Benedict Mr. Clements, Sanjeev Mr. Gupta
Language: English
Release Date: August 31, 2011

The Fund continues to be criticized for squeezing social spending in developing countries. This paper will examine trends in health and education spending in countries with and without Fund-supported programs during 1980 and 2009. Using various quantitative techniques, the analysis will center on real per capita spending, as well as changes in relation to GDP and total government spending.
Book cover of A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms
by Mauricio Soto, Frank Eich, Benedict Mr. Clements
Language: English
Release Date: April 12, 2011

A number of countries have reversed pension reforms by redirecting contributions from private sector, defined contribution schemes back to public sector, pay as you go schemes. This has been motivated by the desire to improve headline fiscal indicators, and raises important issues regarding how pension...
Book cover of Energy Subsidy Reform: Lessons and Implications
by Benedict J. Mr. Clements, David Coady, Stefania Ms. Fabrizio
Language: English
Release Date: September 13, 2013

Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging...
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