Green Fiscal Rules? Challenges and Policy Alternatives

Green Fiscal Rules? Challenges and Policy Alternatives
Author :
Publisher : International Monetary Fund
Total Pages : 26
Release :
ISBN-10 : 9798400280726
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis Green Fiscal Rules? Challenges and Policy Alternatives by : Francesca Caselli

Download or read book Green Fiscal Rules? Challenges and Policy Alternatives written by Francesca Caselli and published by International Monetary Fund. This book was released on 2024-06-21 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of green fiscal rules – designed to protect climate-related spending –on debt dynamics. Simulations of green rules that exempt green spending from the rule limits for an emergingmarket economy illustrate that they can lead to unsustainable debt dynamics when the net zero emissions goal is pursued mostly using spending-based instruments (e.g., investment and subsidies). Or the rule would need to implicitly assume a large fiscal adjustment in the non-green budget, which would undermine its credibility. It will be needed to build broad public consensus for a more comprehensive fiscal strategy that tackles the difficult policy tradeoffs that will be required and takes into account long-term effects. A more appropriate mix of climate policies, including actively employing carbon pricing, should be pursued within the overall setting of fiscal and debt objectives. Developing ‘green’ medium-term fiscal frameworks would help to integrate climate change considerations into fiscal policy design in a more comprehensive manner.


Green Fiscal Rules? Challenges and Policy Alternatives Related Books

Green Fiscal Rules? Challenges and Policy Alternatives
Language: en
Pages: 26
Authors: Francesca Caselli
Categories:
Type: BOOK - Published: 2024-06-21 - Publisher: International Monetary Fund

GET EBOOK

This paper studies the impact of green fiscal rules – designed to protect climate-related spending –on debt dynamics. Simulations of green rules that exempt
Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates
Language: en
Pages: 39
Authors: Mr.David Coady
Categories: Business & Economics
Type: BOOK - Published: 2019-05-02 - Publisher: International Monetary Fund

GET EBOOK

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted b
Climate-Sensitive Management of Public Finances—
Language: en
Pages: 21
Authors: Mr. Fabien Gonguet
Categories: Business & Economics
Type: BOOK - Published: 2021-08-11 - Publisher: International Monetary Fund

GET EBOOK

Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In
The Green Book
Language: en
Pages: 114
Authors: Great Britain. Treasury
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: Stationery Office

GET EBOOK

This new edition incorporates revised guidance from H.M Treasury which is designed to promote efficient policy development and resource allocation across govern
OECD Sovereign Borrowing Outlook 2021
Language: en
Pages: 94
Authors: OECD
Categories:
Type: BOOK - Published: 2021-05-20 - Publisher: OECD Publishing

GET EBOOK

This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding condition