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Fiscal Policy in India: Past Reforms and Future Challenges
Herd, Richard; Leibfritz, Willi - Economics Department, Organisation de Coopération et … - 2008
This paper examines varies areas of India´s fiscal policy, in particular fiscal discipline, the structure of government spending, the tax system and fiscal federalism. It describes reforms over the past decades which, as part of the overall economic reform agenda, helped lifting the Indian...
Persistent link: https://www.econbiz.de/10005045893
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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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Enhancing the Effectiveness of Public Spending in Norway
Joumard, Isabelle; Suyker, Wim - Economics Department, Organisation de Coopération et … - 2002
Public spending is very high in Norway, partly reflecting an extensive coverage of the welfare system and ambitious regional development objectives. Moreover, several institutional features contribute to dampening the cost-effectiveness of many public-spending programmes. Abundant oil revenues...
Persistent link: https://www.econbiz.de/10005045873
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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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Sustaining the Momentum of Fiscal Reform in Hungary
Forthun, Colin; Hagemann, Robert P. - Economics Department, Organisation de Coopération et … - 2010
Hungary has faced a considerable challenge to regain credibility following persistent and high fiscal deficits. Efforts during recent years have produced substantial results. The fiscal deficit has been brought down significantly and, despite the recession, fiscal consolidation has continued to...
Persistent link: https://www.econbiz.de/10008642473
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Too little Destruction too little Creation: A Schumpeterian Diagnosis of Barriers to Sustained Growth in Ukraine
Gianella, Christian; Tompson, William - Economics Department, Organisation de Coopération et … - 2007
This paper examines problems of entry, exit and competition in Ukrainian product markets. It finds that Ukraine still … product-market regulation in Ukraine, using indicators developed by the OECD Economics Department. Finally, the paper presents … increased competition and further privatisation, for productivity growth in Ukraine. This paper relates to the 2007 Economic …
Persistent link: https://www.econbiz.de/10005045917
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Russian Manufacturing and the Threat of ‘Dutch Disease': A Comparison of Competitiveness Developments in Russian and Ukrainian Industry
Ahrend, Rudiger; Rosa, Donato de; Tompson, William - Economics Department, Organisation de Coopération et … - 2007
’. Ukraine and Russia began the market transition with broadly similar institutions, industrial structures and levels of … technology, and the economic reforms implemented in the two countries were also similar, although Ukraine was reckoned to lag … endowments. In short, Ukraine could provide a rough approximation of how a resource-poor Russia might have developed over the …
Persistent link: https://www.econbiz.de/10005046265
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Fiscal Consolidation: Part 5. What Factors Determine the Success of Consolidation Efforts?
Molnar, Margit - Economics Department, Organisation de Coopération et … - 2012
The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries. Drawing lessons from past episodes of fiscal consolidation, this paper investigates the economic environments, political settings and policy measures conducive to fiscal consolidation...
Persistent link: https://www.econbiz.de/10009393768
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Optimal Monetary and Fiscal Stabilisation Policies
Adam, Klaus - Economics Department, Organisation de Coopération et … - 2010
This paper studies optimal stabilisation policies under commitment when monetary policy sets nominal interest rates and fiscal policy decides on public expenditure, income tax rates, and issuance of nominal non-contingent debt. High levels of government debt adversely affect the steady state of...
Persistent link: https://www.econbiz.de/10008542492
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What Promotes Fiscal Consolidation: OECD Country Experiences
Guichard, Stéphanie; Kennedy, Mike; Wurzel, Eckhard; … - Economics Department, Organisation de Coopération et … - 2007
Fiscal consolidation is required in most OECD countries. This is especially so in view of mediumand long-term spending pressures on public finances, related, inter alia, to ageing. Based on a dataset covering a large number of OECD fiscal consolidation episodes starting in the late 1970s, the...
Persistent link: https://www.econbiz.de/10005046044