Fiscal policy response to external crises : the case of Moldova 1998-2010 /

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Bibliographic Details
Author / Creator:	Qehaja, Driton, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (33 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/12/82 IMF working paper ; WP/12/82.
Subject:	Fiscal policy -- Moldova -- Econometric models. Financial crises -- Moldova -- Econometric models. Economic history. Financial crises -- Econometric models. Fiscal policy -- Econometric models. Moldova -- Economic conditions. Moldova.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500140

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. European Department, issuing body.
ISBN:	1475590342 9781475590340 9781475502343 1475502346
Notes:	At head of title: European Department. Title from PDF title page (IMF Web site, viewed March 21, 2012). "March 2012." Includes bibliographical references.
Summary:	External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through large fiscal adjustments during these crises and launched important fiscal reforms. The paper reviews the crises and reform experience. In particular, it aims to explain the motivation for reforms, describe reform design and implementation, and provide an understanding of their outcomes. The paper also catalogues the form and size of international assistance for Moldova.
Standard no.:	10.5089/9781475590340.001

Table of Contents:

Cover; Abstract; Contents; I. Introduction; II. Fiscal Policy
Structural and Cyclical Developments; Tables; 1. Headline and Structural Fiscal Balances of the General Government, 1998-2010; Figures; 1. Budget Balance, 1998-2010; III. Revenue and Tax Policy Developments; Boxes; 1. The Ten Most Common Arguments Against Tax Incentives; 2. Main Changes in Tax Policy; 3. Moldova and Selected Countries: Tax Revenue Breakdown, 2009; 2. Direct Taxes; 3. Indirect Taxes; 2. Tax Revenue Structure, 1998-2010; IV. General Government Expenditure Developments.
4. Moldova and Selected Countries: General Government Expenditures, 20093. Structure of Expenditures, 1998-2010; 4. Pension System Reforms; 4. Education Trends, 2000-2009; V. International Assistance for the General Government; 5. Total External Loans by Donor, 2000-2010; 6. External Grants and Loans to the Budget, 2000-2010; 5. Moldova and the IMF; 5. International Assistance, 2000-2010; VI. Recommendations for Future Reforms; 6. Milestones for Donor Coordination; 7. Multilateral, Bilateral and Commercial Creditors in the Medium term; VII. Conclusion; Appendixes.
I. General Government Budget, 1998-2010II. Public Sector Debt Sustainability Framework, Baseline Scenario, 2004-2010; References.

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