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Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy, and Spain-Report with Supplementary Information
International Monetary Fund - 2001
Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain) …
Persistent link: https://www.econbiz.de/10014407227
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Fiscal Reforms That Work
International Monetary Fund - 1997
Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that...
Persistent link: https://www.econbiz.de/10014402764
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On Fixed and Variable Fiscal Surplus Rules
International Monetary Fund - 2004
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...
Persistent link: https://www.econbiz.de/10014404172
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Germany : 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germ...
International Monetary Fund - 2006
recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its …
Persistent link: https://www.econbiz.de/10014404567
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Germany : 2005 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ger...
International Monetary Fund - 2006
This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope …
Persistent link: https://www.econbiz.de/10014405644
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Germany : 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ger...
International Monetary Fund - 2009
economic slowdown in Germany …
Persistent link: https://www.econbiz.de/10014405813
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External Imbalances and Fiscal Policy in the Group of Three Countries : The Role of Stock-Flow Dynamics
International Monetary Fund - 1989
This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation
Persistent link: https://www.econbiz.de/10014395805
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Germany : 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
International Monetary Fund - 2011
Germany’s economic growth and recovery from the global crisis are explained in this study. Tax, education, and … innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and … other outward spillovers are outlined. Germany has a high current account and international assets. From a long …
Persistent link: https://www.econbiz.de/10014399041
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Toward More Effective Redistribution : Reform Options for Intergovernmental Transfers in China
International Monetary Fund - 2004
Full implementation of an intergovernmental transfer system based on revenue capacities and expenditure needs could significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal reforms, but the authorities were unable to...
Persistent link: https://www.econbiz.de/10014401323
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Monetary Control Procedures and Financial Reform : Approaches, Issues, and Recent Experiences in Developing Countries
International Monetary Fund - 1989
Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform their financial systems in support of growth and adjustment. This is because reform...
Persistent link: https://www.econbiz.de/10014396083