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Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...

Persistent link: https://www.econbiz.de/10009364448

Fiscal Policy and the Current Account

Ali Abbas, S.M.; Bouhga-Hagbe, Jacques; Fatás, Antonio; … - C.E.P.R. Discussion Papers - 2010

This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector auto-regressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the...

Persistent link: https://www.econbiz.de/10008468562

FISCAL POLICY UNDER LABOUR

Budd, Alan - In: National Institute Economic Review 212 (2010) 1, pp. 34-34

The incoming Labour Government of 1997 promised a new approach to the conduct of fiscal policy. Two lessons to be learnt from previous experience were: (I) adjust for the cycle and build in a margin for uncertainty; (2) set stable fiscal rules and explain clearly fiscal policy. Although the...

Persistent link: https://www.econbiz.de/10008855490

The redistributive impact of taxes and transfers

Joumard, Isabelle; Londoño Vélez, Juliana - 2013

Income inequality in Colombia has declined since the early 2000s but remains very high by international standards …

Persistent link: https://www.econbiz.de/10009769634

Fiscal Policy in Colombia : Tapping its Potential for a More Equitable Society

Moller, Lars Christian - 2012

Colombia has the seventh highest Gini coefficient of income inequality in the world. The Santos Administration is aware … OECD, which exhibits much lower income disparities, mainly as a result of effective policies of fiscal redistribution. In … Colombia, meanwhile, direct taxes, indirect taxes, and monetary transfers hardly dent the high Gini coefficient. To reduce …

Persistent link: https://www.econbiz.de/10011395377

Fiscal Policy in Colombia : Tapping Its Potential for a More Equitable Society

Moller, Lars Christian - 2012

, which exhibits much lower income disparities, mainly as a result of effective policies of fiscal redistribution. In Colombia …Colombia has the seventh highest Gini coefficient of income inequality in the world. The Santos Administration is aware … reform package that would be sufficient for Colombia to reach levels of inequality similar to Chile or Costa Rica in a …

Persistent link: https://www.econbiz.de/10012247685

Inequality and fiscal redistribution in middle income countries : Brazil, Chile, Colombia, Indonesia, Mexico, Peru and South Africa

Lustig, Nora - In: Journal of globalization and development 7 (2016) 1, pp. 17-60

Persistent link: https://www.econbiz.de/10011610269

Redistributive fiscal policy and marginal propensities to consume

Spector, Mariano - In: Journal of economic theory : JET 218 (2024), pp. 1-20

Persistent link: https://www.econbiz.de/10015070887

Nothing Ventured, Nothing Gained : The Long-Run Fiscal Reward of Structural Reforms

Hoeller, Peter - 2006

The recent reform of the Stability and Growth Pact provides more leeway for EU governments to temporarily breach the 3% deficit limit if this facilitates the implementation of initially expensive reforms. But the implementation of this principle is not obvious as budgets would need to specify...

Persistent link: https://www.econbiz.de/10012442916

The Fiscal Challenge in Portugal

Guichard, Stéphanie - 2006

Portugal’s fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3% of GDP and was submitted to the excessive deficit procedure of the EU Commission for a second time in 2005. The paper describes fiscal developments in Portugal over the past...

Persistent link: https://www.econbiz.de/10012444186

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