Tài liệu IMF STAFF DISCUSSION NOTE - Accounting Devices and Fiscal Illusions pptx

I M F S T A F F D I S C U S S I O N N O T E

March 28, 2012

SDN/12/02

Accounting Devices and Fiscal Illusions

Timothy C. Irwin

I N T E R N A T I O N A L M O N E T A R Y F U N D

INTERNATIONAL MONETARY FUND

Fiscal Affairs Department

Accounting Devices and Fiscal Illusions1

Prepared by Timothy C. Irwin

Authorized for distribution by Carlo Cottarelli

March 28, 2012

JEL Classification Numbers: H60, M41

Keywords: Fiscal reporting, fiscal rules, fiscal consolidation

Authors’ E-mail Addresses: [email protected]

1

This note, an earlier version of which was prepared as background for Appendix 2 of the IMF’s Fiscal Monitor

of April 2011, has benefitted from comments and advice from many people including Ali Abbas,

Marco Cangiano, Adrienne Cheasty, Carlo Cottarelli, Richard Hughes, Andrea Lemgruber, Iva Petrova,

Carla Sateriale, and Anke Weber.

DISCLAIMER: This Staff Discussion Note represents the views of the author and

does not necessarily represent IMF views or IMF policy. The views expressed herein

should be attributed to the author and not to the IMF, its Executive Board, or its

management. Staff Discussion Notes are published to elicit comments and to further

debate.