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Estimating a Fiscal Reaction Function : The Case of Debt Sustainability in Brazil

de Mello, Luiz - 2005

changes in indebtedness by adjusting their primary budget surplus targets. In addition, the central government appears to … sustainability. The responsiveness of sub-national fiscal stance to indebtedness, as well as that of central government revenue to … changes in primary spending, appears to have strengthened after 1998, when ceilings on indebtedness were introduced. …

Persistent link: https://www.econbiz.de/10012445160

The Equity Implications of Fiscal Consolidation

Rawdanowicz, Łukasz; Wurzel, Eckhard; Christensen, Ane … - Economics Department, Organisation de Coopération et … - 2013

. In particular, relatively little weight has been given to reducing tax expenditures and raising taxes on immovable … certain tax expenditures, hiking taxes on immovable property and broadly-based consumption taxes. Increases in capital income … taxes would also be equitable but need to be well designed to avoid being distortive. Calculations based on simplifying …

Persistent link: https://www.econbiz.de/10011276882

Is there a Case for Sophisticated Balanced-Budget Rules?

Fatás, Antonio - 2005

This paper reviews the arguments in favor of excluding investment from fiscal policy constraints (the adoption of a “golden rule”). The paper starts by reviewing the goals and motivations of fiscal policy rules. From this analysis, it is clear that answering the question of whether...

Persistent link: https://www.econbiz.de/10012445213

Asset Price Cycles, "One-Off" Factors and Structural Budget Balances

Girouard, Nathalie - 2004

This paper analyses two factors which may cause cyclically-adjusted budget balances to give a misleading picture of underlying fiscal trends. It first explores the implications of recent large asset-market related fluctuations in government revenues for the measurement of structural budget...

Persistent link: https://www.econbiz.de/10012445243

Has the Rise in Debt Made Households More Vulnerable?

Girouard, Nathalie - 2006

This paper reviews, for a number of OECD economies, macroeconomic developments in household balance sheets over the past two decades. The main findings show that the rise in household debt to historical levels has been driven by a combination of favourable financial conditions and buoyant...

Persistent link: https://www.econbiz.de/10012445286

Moving Towards a More Dynamic Business Sector in Spain

Pandiella, Alberto González - Economics Department, Organisation de Coopération et … - 2014

crisis on companies, notably the high level of indebtedness and difficulties to obtain financing faced by some firms has to …

Persistent link: https://www.econbiz.de/10011276814

The Rates and Revenue of Bank Transaction Taxes

Baca-Campodónico, Jorge - 2006

This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set …

Persistent link: https://www.econbiz.de/10012445216

The Tax System in Japan : A Need for Comprehensive Reform

Dalsgaard, Thomas - 2000

The Japanese tax system applies relatively low marginal tax rates on most economic activities which, in combination with moderate tax elasticities of the bases, indicate that the overall distortion from the tax system (the excess burden) is probably modest compared with other OECD countries....

Persistent link: https://www.econbiz.de/10012446303

Challenges and Opportunities of India's Manufacturing Sector

Joumard, Isabelle; Sila, Urban; Morgavi, Hermes - Economics Department, Organisation de Coopération et … - 2015

skill intensive. Furthermore, firms have little incentive to grow, since by staying small they can avoid taxes and complex …

Persistent link: https://www.econbiz.de/10011276811

Improving Taxes and Transfers in Australia

Hemmings, Philip; Tuske, Annamaria - Economics Department, Organisation de Coopération et … - 2015

Getting tax and transfer systems to efficiently deliver sufficient revenues to achieve macroeconomic targets, address goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and incorporate environmental issues is difficult. In Australia,...

Persistent link: https://www.econbiz.de/10011276985