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Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia

Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...

Persistent link: https://www.econbiz.de/10011277021

Estonia: Making the Most of Globalisation

Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2011

convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita … relative to the EU27 average in PPPs. Like the other Baltic economies, however, a considerable part of earlier convergence … less affected by the crisis and have been able to maintain most of their convergence gains. Moreover, prior to the …

Persistent link: https://www.econbiz.de/10009146865

Long-Term Growth Scenarios

Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2013

This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...

Persistent link: https://www.econbiz.de/10011276784

A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada

Guillemette, Yvan - 2010

This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments in Canada. The general approach is to use a cyclical indicator (output gap), estimate the sensitivity of government revenue and expenditure to this cyclical indicator using...

Persistent link: https://www.econbiz.de/10012446578

New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance

Price, Robert - 2014

This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the...

Persistent link: https://www.econbiz.de/10012449754

New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance

Price, Robert W.R.; Dang, Thai-Thanh; Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2014

Persistent link: https://www.econbiz.de/10011276822

Adjusting Fiscal Balances for Asset Price Cycles

Price, Robert W.R.; Dang, Thai-Thanh - Economics Department, Organisation de Coopération et … - 2011

This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries. The traditional cyclically adjusted budget balance indicator, which is the basis...

Persistent link: https://www.econbiz.de/10009643458

Austria: Public Sector Inefficiencies Have Become Less Affordable

Fischer, Karin; Gönenç, Rauf; Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2011

Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing-related spending increases. Subject to macroeconomic developments, the pace of consolidation could be more ambitious than currently planned, with a view to reducing the debt...

Persistent link: https://www.econbiz.de/10009358637

A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada

Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010

Persistent link: https://www.econbiz.de/10008548955

Enhancing the Effectiveness of Public Spending: Experience in OECD Countries

Joumard, Isabelle; Kongsrud, Per Mathis; Nam, Young-Sook; … - Economics Department, Organisation de Coopération et … - 2004

In most OECD countries, public spending rose steadily as a share of GDP over the past decades to the mid-1990s, but this trend has since abated. The spending pressures stemming from the continued expansion of social programmes have been partly compensated by transient or one-off factors....

Persistent link: https://www.econbiz.de/10005045600