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220928 ||| eng |
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|a 9781498320801
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100 |
1 |
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|a Nishizawa, Hidetaka
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245 |
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|a Fiscal Buffers for Natural Disasters in Pacific Island Countries
|c Hidetaka Nishizawa, Scott Roger, Huan Zhang
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2019
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300 |
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|a 31 pages
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651 |
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4 |
|a Vanuatu
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653 |
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|a International relief
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653 |
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|a Budget Systems
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653 |
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|a Public finance & taxation
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653 |
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|a Natural Disasters and Their Management
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653 |
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|a Natural Disasters
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653 |
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|a Environment
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653 |
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|a Disaster aid
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653 |
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|a Climate
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653 |
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|a Fiscal Policy
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653 |
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|a Budget planning and preparation
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653 |
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|a Exports and Imports
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653 |
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|a Fiscal policy
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653 |
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|a International economics
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653 |
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|a Budgeting
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653 |
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|a National Government Expenditures and Related Policies: General
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653 |
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|a Environmental Economics: Government Policy
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653 |
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|a Expenditure
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653 |
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|a Global Warming
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653 |
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|a Foreign Aid
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653 |
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|a Budget
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653 |
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|a Expenditures, Public
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653 |
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|a Foreign aid
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653 |
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|a Macroeconomics
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653 |
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|a Fiscal space
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653 |
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|a Public financial management (PFM)
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653 |
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|a Budgeting & financial management
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653 |
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|a National Budget
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653 |
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|a Natural disasters
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653 |
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|a Public Finance
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700 |
1 |
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|a Roger, Scott
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700 |
1 |
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|a Zhang, Huan
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781498320801.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2019/152/001.2019.issue-152-en.xml?cid=47011-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues and expenditure in PICs. These are combined with information on the frequency of large disasters to calculate the rate of budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster shocks and facilitate quick disbursement for recovery and relief efforts, and protection of spending on essential services and infrastructure. The estimates can provide a benchmark for policymakers, and should be adjusted to take into account other sources of financing, as well as budget risks from less severe as well as more frequent disasters
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