01829cas a2200241 a 4500 AALejournalIMF002017 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451971019 1934-7456 BD-DhAAL BD-DhAAL Heller, Peter. Considering the IMF's Perspective on a "Sound Fiscal Policy" / Peter Heller. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (28 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides a perspective on how the IMF assesses a 'sound fiscal policy,' focusing principally on industrial and emerging market economies. It observes six central criteria: the short-term fiscal policy stance, with greater emphasis on automatic stabilizers than discretionary fiscal policy; relevance of medium- and sometimes long-term issues; fiscal sustainability; capacity for aggregate fiscal policy implementation (including political economy factors); structural content of fiscal policy (tax efficiency and public expenditure quality); and institutional, governance, and process issues associated with budget implementation and revenue collection. Greater emphasis could be placed on an adequate margin to deal with uncertain long-term challenges. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2002/008 Full text available on IMF http://elibrary.imf.org/view/journals/003/2002/008/003.2002.issue-008-en.xml IMF e-Library