Showing 1 - 9 of 9
. Corporate income tax rates are being cut, though the headline rate remains high. Lower taxation for large special economic zones …
Persistent link: https://www.econbiz.de/10009364448
Israel’s monetary policy framework is broadly sound. Inflation targeting was introduced in the early 1990s, and low single-digit inflation was established by the end of the decade. However, fast transmission from the exchange rate to inflation means the operational challenges differ somewhat...
Persistent link: https://www.econbiz.de/10008552861
This paper examines various aspects of fiscal policy in Slovenia, in particular fiscal consolidation, pension reform, efficiency of government spending and the tax system. It finds that Slovenia belongs to the group of new EU member countries, which have given in the past a high priority to...
Persistent link: https://www.econbiz.de/10008498030
This paper considers the case for adjusting measures of the cyclically-adjusted fiscal balance for exceptional movements in the terms of trade for those countries where production of commodities is a substantial share of output. For such countries exceptional movements in commodity prices, such...
Persistent link: https://www.econbiz.de/10005045641
This paper examines varies areas of India´s fiscal policy, in particular fiscal discipline, the structure of government spending, the tax system and fiscal federalism. It describes reforms over the past decades which, as part of the overall economic reform agenda, helped lifting the Indian...
Persistent link: https://www.econbiz.de/10005045893
In recent years the euro area has shown less resilience to the negative and largely OECD-wide common shocks than the English-speaking countries, but most of the smaller euro area countries have fared better than the large ones. This paper reviews policy issues that are important in fostering a...
Persistent link: https://www.econbiz.de/10005045894
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
Spain’s government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts. Should budgetary outcomes fall short of targets, the government should stand ready to introduce further measures, as announced. Such measures could...
Persistent link: https://www.econbiz.de/10008873250
substantial changes in the fiscal rules. Finally, improvements to make taxation less distortive should continue by further …’une fiscalité qui crée moins de distorsions, en réduisant encore les coins fiscaux et en donnant plus de poids à la taxation du …
Persistent link: https://www.econbiz.de/10008642473