{"product_id":"9781455271986","title":"Considering the IMF's Perspective on a ''Sound Fiscal Policy''","description":"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.","brand":"INTERNATIONAL MONETARY FUND","offers":[{"title":"Default Title","offer_id":47128881791216,"sku":"9781455271986","price":5.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781455271986_p0.jpg?v=1763854917","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781455271986","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}