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Decomposing total tax revenues in Germany

Leib, Karolina - 2010

Given the consolidation needs and the provisions of the new fiscal rule, budgetary planning in Germany has become more demanding. Fiscal projections are already difficult since the link between total tax revenue and economic activity is observed to be unstable. This Country Focus identifies...

Persistent link: https://www.econbiz.de/10009641056

Estonia: towards a swift current account rebalancing

Lamine, Baudouin - 2010

This study focuses on the most important drivers of the swift current account rebalancing which is taking place in Estonia and considers the possible way forward. After very large deficits in the boom years (2005-2007), Estonia's current account balance turned positive in the downturn, as...

Persistent link: https://www.econbiz.de/10009641059

Romania: unwinding imbalances – need for fiscal consolidation

Pauwels, Stefaan - 2009

Romania's domestic demand boom over the past few years has led to rapidly widening current account deficits, reaching an estimated 13½% of GDP in 2008. High private sector dissaving has been exacerbated by a procycylical fiscal policy, with the public deficit likely to exceed 3% of GDP in 2008....

Persistent link: https://www.econbiz.de/10009641061

The efficiency of public expenditure in Malta

Ebejer, Ivan; Mandl, Ulrike - 2009

Measuring public sector efficiency is not generally straightforward and presents a difficult empirical issue, specifically in terms of adequate measurement of costs and outcomes. This Country Focus attempts to measure the efficiency of public spending in Malta by applying two alternative...

Persistent link: https://www.econbiz.de/10009641062

UK public finances and oil prices: tax bonanza from black gold?

Scerri, Karl; Reut, Adriana - 2009

The UK's self-sufficiency in fossil fuels shields public finances from the negative effects of higher oil prices on … side, we estimate a weaker effect of changes in oil prices on taxation revenues in the UK, as the reduction in fuel duty … impact of changes in oil prices underline the role of taxation regimes on oil production and energy demand, as well as the …

Persistent link: https://www.econbiz.de/10009641068

Public finance reform in Hungary: light at the end of the tunnel?

Jankovics, László - 2008

The dominance of electoral considerations in determining budgetary outcomes has been evident in Hungary over the last 15 years, with government deficits reaching their highest levels in election years (1994, 1998, 2002 and 2006). This deterioration of public finances has largely been possible...

Persistent link: https://www.econbiz.de/10009641089

External imbalances in Croatia - A matter of concern?

Stamm, Uwe; Macovei, Mihai-Gheorghe - 2007

Since the early 1990s Croatia has managed a rather successful transition process with solid growth, low inflation and exchange rate stability. Better integration into international financial markets, capital account liberalisation and banking sector reform have facilitated access to foreign...

Persistent link: https://www.econbiz.de/10009641145

The impact of fiscal policy in Hungary

Lendvai, Julia - 2007

This Country Focus studies the impact of changes in government expenditure in Hungary over the period 1997Q1 to 2005Q4 using a structural vector-autoregressive model. The results suggest that discretionary shifts in government expenditure have a mixed impact on the economy. In particular, while...

Persistent link: https://www.econbiz.de/10009641247

Poland's policy mix: fiscal or monetary leadership?

Darnaut, Nathalie; Kutos, Paul - 2005

Persistent link: https://www.econbiz.de/10009686312

Budgetary transfers between the EU and the new Member States: manna from Brussels or a fiscal drag?

Hallet, Martin; Keereman, Filip - 2005

Member States receive funds for agriculture, structural development (e.g. infrastructure works) and internal policies (e.g. training, research, environmental protection), but in exchange have to make a contribution to the EU budget. Given the overall low level of income per head as compared to...

Persistent link: https://www.econbiz.de/10009698434

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