Scipediacontent at 12:18, 21 January 2021

2021-01-21T12:18:40Z

Scipediacontent: Scipediacontent moved page Draft Content 769873416 to Merotto et al 2015a

2020-10-14T12:18:37Z

Scipediacontent moved page Draft Content 769873416 to Merotto et al 2015a

Scipediacontent: Created page with " == Abstract == This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monito..."

2020-10-14T12:18:35Z

Created page with " == Abstract == This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monito..."

New page

== Abstract ==

This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monitoring. The paper suggests that adopting the measure will not only warn policy makers of possible impending fiscal pressures, but will help them to differentiate between those budgetary pressures that are temporary and those that may require reforms. The main utility of the expenditure force measure will be in country fiscal analysis. Measuring force across the entire budget allows practitioners to monitor and decompose the micro drivers of public spending pressure, watch out for rapidly expanding spending lines, and identify priorities for reform before these pressures lead to macro fiscal problems. Yet by its construct, spending force is internationally comparable, and independent of expenditure levels or spending types. This could allow global monitoring comparisons and global research into the drivers of public spending force across particular types of country characteristics and economic conditions. In time, and as more data become available, researchers can use the force measure to compare and contrast the dynamics of expenditure types across countries. For example the measure can be used to explore what gives some spending types an initial impulse; whether underlying factors cause different public spending categories to grow faster than average, or to accelerate over time; and what successful countries have done to manage rising force without damaging public services. Since force seems to be a decent predictor of fiscal episodes, it is suggested that speed limits for spending might be a feasible component of fiscal rules.

Document type: Book

== Full document ==
<pdf>Media:Draft_Content_769873416-beopen509-8541-document.pdf</pdf>

== Original document ==

The different versions of the original document can be found in:

* [http://documents.worldbank.org/curated/en/738741467998792031/pdf/WPS7431.pdf http://documents.worldbank.org/curated/en/738741467998792031/pdf/WPS7431.pdf]

@@ Line 2: / Line 2: @@
 == Abstract ==
-This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monitoring. The paper suggests that adopting the measure will not only warn policy makers of possible impending fiscal pressures, but will help them to differentiate between those budgetary pressures that are temporary and those that may require reforms. The main utility of the expenditure force measure will be in country fiscal analysis. Measuring force across the entire budget allows practitioners to monitor and decompose the micro drivers of public spending pressure, watch out for rapidly expanding spending lines, and identify priorities for reform before these pressures lead to macro fiscal problems. Yet by its construct, spending force is internationally comparable, and independent of expenditure levels or spending types. This could allow global monitoring comparisons and global research into the drivers of public spending force across particular types of country characteristics and economic conditions. In time, and as more data become available, researchers can use the force measure to compare and contrast the dynamics of expenditure types across countries. For example the measure can be used to explore what gives some spending types an initial impulse; whether underlying factors cause different public spending categories to grow faster than average, or to accelerate over time; and what successful countries have done to manage rising force without damaging public services. Since force seems to be a decent predictor of fiscal episodes, it is suggested that speed limits for spending might be a feasible component of fiscal rules.
+This paper proposes a new measure of             public expenditure force that policy makers and budget             analysts should track in detail over time in routine fiscal             monitoring. The paper suggests that adopting the measure             will not only warn policy makers of possible impending             fiscal pressures, but will help them to differentiate             between those budgetary pressures that are temporary and             those that may require reforms. The main utility of the             expenditure force measure will be in country fiscal             analysis. Measuring force across the entire budget allows             practitioners to monitor and decompose the micro drivers of             public spending pressure, watch out for rapidly expanding             spending lines, and identify priorities for reform before             these pressures lead to macro fiscal problems. Yet by its             construct, spending force is internationally comparable, and             independent of expenditure levels or spending types. This             could allow global monitoring comparisons and global             research into the drivers of public spending force across             particular types of country characteristics and economic             conditions. In time, and as more data become available,             researchers can use the force measure to compare and             contrast the dynamics of expenditure types across countries.             For example the measure can be used to explore what gives             some spending types an initial impulse; whether underlying             factors cause different public spending categories to grow             faster than average, or to accelerate over time; and what             successful countries have done to manage rising force             without damaging public services. Since force seems to be a             decent predictor of fiscal episodes, it is suggested that             âspeed limitsâ for spending might be a feasible component of             fiscal rules.
-Document type: Book
+Document type: Preprint
 == Full document ==
-<pdf>Media:Draft_Content_769873416-beopen509-8541-document.pdf</pdf>
+<pdf>Media:Merotto_et_al_2015a-beopen120-1521-document.pdf</pdf>
@@ Line 15: / Line 15: @@
 * [http://documents.worldbank.org/curated/en/738741467998792031/pdf/WPS7431.pdf http://documents.worldbank.org/curated/en/738741467998792031/pdf/WPS7431.pdf]

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Merotto et al 2015a - Revision history

Scipediacontent at 12:18, 21 January 2021

Scipediacontent: Scipediacontent moved page Draft Content 769873416 to Merotto et al 2015a

Scipediacontent: Created page with " == Abstract == This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monito..."