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Macroeconomic uncertainties, prudent debt targets and fiscal rules

Fall, Falilou; Fournier, Jean-Marc - 2015

The sharp rise in debt experienced by most OECD countries raises questions about the prudent debt level countries should target. It also raises questions about the fiscal frameworks needed to reach them and to accommodate cyclical fluctuations along the path towards a prudent debt target. The...

Persistent link: https://www.econbiz.de/10011399529

Government debt indicators : understanding the data

Bloch, Debra; Fall, Falilou - 2015

There is no single “best” indicator for analysing general government debt. This paper examines the various issues in defining and measuring debt, and explores other data which could be useful, both within and beyond the general government debt concept, to better track and analyse fiscal...

Persistent link: https://www.econbiz.de/10011399482

Limits to government debt sustainability

Fournier, Jean-Marc; Fall, Falilou - 2015

The recent euro area sovereign debt crisis has shown the importance of market reactions for the sustainability of debt. The objective of this paper is to calculate endogenous government debt limits given the markets assessment of the probability to default. The estimated primary balance reaction...

Persistent link: https://www.econbiz.de/10011399483

Improving public sector efficiency for more inclusive growth in Latvia

Klein, Caroline; Price, Robert W. - 2015

to achieve convergence of policy outcomes to OECD upper standards is challenging. Efficiency gains in the tax system … could bring additional revenues. The tax base should be expanded by reducing informality, strengthening tax administration … unemployment and income inequality, the tax-benefit system should also be revised as it is now relatively regressive and the tax …

Persistent link: https://www.econbiz.de/10011399630

Improving the fiscal framework to enhance growth in an era of fiscal consolidation in Slovakia

Klein, Caroline; Price, Robert W.; Wörgötter, Andreas - 2013

. Raising the effectiveness of tax collection, reforming the tax structure towards less distortive taxes and making more out of …

Persistent link: https://www.econbiz.de/10009711240