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What Should Fiscal Councils Do?
Calmfors, Lars - 2011
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10013128042
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The Swedish Fiscal Policy Council : Watchdog with a Broad Remit
Calmfors, Lars - 2012
The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
Persistent link: https://www.econbiz.de/10013111364
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Global Demographic Change and Climate Policies
Gerlagh, Reyer - 2017
Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate dropped from 5 to about 2.5. We develop and calibrate an analytic climate-economy model with overlapping generations to study the effect of such demographic change on capital...
Persistent link: https://www.econbiz.de/10012947882
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Fiscal Autonomy and Fiscal Sustainability : Subnational Taxation and Public Indebtedness in Contemporary Spain
Larin, Benjamin; Suessmuth, Bernd - 2021
This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17...
Persistent link: https://www.econbiz.de/10013315619
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Old-Age Provision in Transition : The Case of Croatia
Werding, Martin - 2016
The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme (“second pillar”) that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...
Persistent link: https://www.econbiz.de/10012996683
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Demographic Change and Public Sector Budgets in a Federal System
Hofmann, Michael; Kempkes, Gerhard; Seitz, Helmut - 2021
This paper examines the effects of demographic change on public finances in a federal system. We develop a simple methodical procedure to measure the effect of demographic changes on public revenues and expenditures. We apply our method to the local, state and federal government sector as well...
Persistent link: https://www.econbiz.de/10013316520
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10013316605
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Demographic Transition and Political Stability : Does Corruption Matter?
Farzanegan, Mohammad Reza - 2015
A demographic transition resulting from an increase in the size of the young working age population can be a blessing or a curse for economic performance. We focus on the political stability effects of a larger youth population and hypothesize that corruption matters in this nexus. Using panel...
Persistent link: https://www.econbiz.de/10013030326
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An Economic Theory of Switzerland
Blankart, Charles B. - 2011
Switzerland is often viewed as a federalist curiosity and a unique form of direct democracy. But this view does not … provide a proper understanding of the country. A theory of Switzerland is necessary. A consideration of the initial, exogenous … autonomy considerably better in Switzerland than in other states. An important factor is that the federal government, cantons …
Persistent link: https://www.econbiz.de/10013117983
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Vertical Effects of Fiscal Rules - The Swiss Experience
Burret, Heiko - 2014
Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on intra‐jurisdictional effects of fiscal rules, vertical impacts on the finances of other levels of governments have yet to be explored thoroughly. The paper investigates the influence of...
Persistent link: https://www.econbiz.de/10013044552