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Getting Back on Track: Restoring Fiscal Sustainability in Ireland
Haugh, David - Economics Department, Organisation de Coopération et … - 2011
Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...
Persistent link: https://www.econbiz.de/10009364451
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A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada
Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010
in Canada. The general approach is to use a cyclical indicator (output gap), estimate the sensitivity of government … fédéraux, provinciaux et territoriaux pour l'analyse des stratégies de consolidation fiscale au Canada<BR>Ce document de … territoriaux du Canada. L’approche générale consiste à utiliser un indicateur cyclique (écart de production), estimer la …
Persistent link: https://www.econbiz.de/10008548955
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Fiscal-Consolidation Strategies for Canadian Governments
Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010
Although Canada remains in an advantageous fiscal position relative to many other OECD countries as the global economy … restraint. These plans are broadly in line with the recommendations set forth in this paper and should allow Canada to return to … objectives and reinforce accountability. This Working Paper relates to the 2010 OECD Economic Review of Canada (www.oecd.org/eco/surveys/Canada …
Persistent link: https://www.econbiz.de/10008752421
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Restoring Fiscal Sustainability in the United States
Lenain, Patrick; Hagemann, Robert P.; Carey, David - Economics Department, Organisation de Coopération et … - 2010
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the...
Persistent link: https://www.econbiz.de/10008680609
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Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation?
Hagemann, Robert P. - Economics Department, Organisation de Coopération et … - 2012
OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary...
Persistent link: https://www.econbiz.de/10009393779
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Improving Fiscal Performance Through Fiscal Councils
Hagemann, Robert P. - Economics Department, Organisation de Coopération et … - 2010
There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance. This paper provides some guidance on the scope for improving fiscal performance through fiscal councils based on the available literature and the range of...
Persistent link: https://www.econbiz.de/10008764881
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Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia
Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013
The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...
Persistent link: https://www.econbiz.de/10011277021
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
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Managing Public Expenditure: The UK Approach
Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2002
The UK medium-term budgetary framework introduced in 1997 addressed a number of weaknesses of the former regime, notably a bias against capital expenditure and, more generally, poor conditions for longerterm planning adversely affecting central government spending departments, local authorities...
Persistent link: https://www.econbiz.de/10005045652
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Managing Public Expenditure: Some Emerging Policy Issues and A Framework for Analysis
Atkinson, Paul; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2001
This paper highlights some key policy issues regarding the performance of public expenditure and proposes an analytical framework for its assessment. The framework distinguishes three economic objectives of policies in the pursuit of better performance of public expenditure: macroeconomic...
Persistent link: https://www.econbiz.de/10005045810