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Fiscal Adjustment in EU Countries

2004-08-01 Business & Economics
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Release : 2004-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 377/5 ( reviews)

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Book Synopsis Fiscal Adjustment in EU Countries by : Mr.Kenji Moriyama

Download or read book Fiscal Adjustment in EU Countries written by Mr.Kenji Moriyama. This book was released on 2004-08-01. Available in PDF, EPUB and Kindle. Book excerpt: Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels.

Fiscal Consolidation in Southeastern European Countries

2012-05-01 Business & Economics
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Release : 2012-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 152/5 ( reviews)

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Book Synopsis Fiscal Consolidation in Southeastern European Countries by : Mr.Brian Olden

Download or read book Fiscal Consolidation in Southeastern European Countries written by Mr.Brian Olden. This book was released on 2012-05-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country’s understanding of the scale of the fiscal adjustment challenge, its ability to develop a credible consolidation strategy, and its capacity to implement the strategy. Key institutional arrangements, are generally in place, including top-down budgeting and medium-term budget frameworks. Other institutional arrangements require further attention, including macro-fiscal forecasting, fiscal risk analysis, setting fiscal objectives, presence and role of independent fiscal agencies, and top-down parliamentary approval.

Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries

2011-07-01 Business & Economics
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Release : 2011-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 203/5 ( reviews)

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Book Synopsis Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries by : Mr.Daniel Kanda

Download or read book Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries written by Mr.Daniel Kanda. This book was released on 2011-07-01. Available in PDF, EPUB and Kindle. Book excerpt: For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops an inter-temporal model that elicits the implied country-preferences over balancing the conflicting objectives of fiscal consolidation and reduction of economic slack. The model suggests that some front-loading of adjustment is desirable, although the extent would vary by country preferences. It also finds that proposed consolidations may prove to be stronger than acceptable, especially if somewhat larger than anticipated fiscal multipliers lead to a sizeable economic deceleration.

Europe Managing the Crisis

2015-06-05 Business & Economics
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Release : 2015-06-05
Genre : Business & Economics
Kind : eBook
Book Rating : 701/5 ( reviews)

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Book Synopsis Europe Managing the Crisis by : Walter Kickert

Download or read book Europe Managing the Crisis written by Walter Kickert. This book was released on 2015-06-05. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the recent financial crisis have been largely dominated by economists, but the similarities and differences between European countries' response reflect both economic and political perspectives which have resulted in considerable differences in their decisions. Drawing on uniquely comprehensive research data, this book presents an in-depth comparative analysis of how 14 European governments tackled the challenge of fiscal consolidation, and analyses the political decision-making behind these measures. By exploring national responses not just in fiscal terms, but also from a political perspective, it reveals that decision making has been driven by political factors with profound effects on public administration and management. This ground-breaking book fills an important gap in the research literature for scholars of public management, public administration and policy, and will be a benchmark for future work on the global economic crisis.

Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments

1997-07-01 Business & Economics
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Release : 1997-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 272/5 ( reviews)

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Book Synopsis Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments by : Mr.Francesco P. Mongelli

Download or read book Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments written by Mr.Francesco P. Mongelli. This book was released on 1997-07-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.

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