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Constraints and demands on public finances: Considerations of resilient fiscal policy

Rawdanowicz, Łukasz - 2021

Over the past several decades, public debt has increased substantially in many OECD countries, particularly in the aftermath of recessions. The extent of this increase and the resulting debt levels varied across countries, partly reflecting differences in average budget balances. Despite rising...

Persistent link: https://www.econbiz.de/10012801149

Fiscal Gimmickry in Europe : One-Off Measures and Creative Accounting

Koen, Vincent - 2005

Accounting conventions usually leave some room for judgment, which governments may be tempted to take advantage of, especially when fiscal rules bite or threaten to do so. The European experience over the past decade -- documented here in great detail -- illustrates that fiscal gimmicks come in...

Persistent link: https://www.econbiz.de/10012444012

The Fiscal Challenge in Portugal

Guichard, Stéphanie - 2006

Portugal’s fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3% of GDP and was submitted to the excessive deficit procedure of the EU Commission for a second time in 2005. The paper describes fiscal developments in Portugal over the past...

Persistent link: https://www.econbiz.de/10012444186

After the Crisis - Bringing German Public Finances Back to a Sustainable Path

Koske, Isabell - 2010

Past consolidation has allowed the automatic stabilisers to operate fully during the crisis. Further fiscal easing in late 2008 and early 2009 contributed to a markedly widening fiscal deficit in 2010. A newly enacted fiscal rule, which limits the structural budget deficit of the federal...

Persistent link: https://www.econbiz.de/10012444447

Central Control of Regional Budget : Theory with Applications to Russia

Litwack, John - 2001

Motivated by the recent experience in the Russian Federation, this paper examines the implications of imposing central control on the budgetary activities of a subnational government. In a highly stylised multi-task principal-agent model (Holmstrom and Milgrom (1991)), a central government...

Persistent link: https://www.econbiz.de/10012446063

Reforming Turkey's Public Expenditure Management

Gönenç, Rauf - 2005

Fiscal imbalances were a main cause for chronic high inflation and macroeconomic instability before the 2000/2001 crisis. Fiscal consolidation is the cornerstone of post-crisis stabilization. It has been quite successful over the past three years as sizeable primary surpluses have been sustained...

Persistent link: https://www.econbiz.de/10012446341

Boosting the Development of Efficient SMEs in the Netherlands

Kierzenkowski, Rafał; Kastaneer, Jochebed - Economics Department, Organisation de Coopération et … - 2014

medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being … alternatives to bank lending options for SME finance is important but will take time. Restructuring banks’ balance sheets is … productivity gains, and SME competitiveness and growth. Also, easing labour market regulation would further support SME development …

Persistent link: https://www.econbiz.de/10011277034

Issues in Private-Sector Finance in Israel

Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011

did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation ….oecd.org/eco/surveys/Israel).<P>Enjeux de la finance privée en Israël<BR>La crise financiere mondiale de 2008-09 n'a entraîné aucune banqueroute parmi les …

Persistent link: https://www.econbiz.de/10009386332

Summary of an Informal Workshop on the Causes of Economic Growth

Temple, Jonathan - Economics Department, Organisation de Coopération et … - 2000

This paper provides a summary of an OECD workshop on the causes of economic growth, held 6-7 July 2000. The topics covered include the recent growth resurgence in the United States, the potential importance of ICT and the Internet, and the part played by continual reallocation and restructuring....

Persistent link: https://www.econbiz.de/10005046099

Reaping efficiency gains through product market reforms in China

Molnar, Margit - 2022

The impressive emergence of China’s economy is set to lose some momentum as the country catches up with more advanced economies and its rapid ageing also weighs on it. However, China can still reap the “reform dividend”, especially with measures to keep up the sustained growth of...

Persistent link: https://www.econbiz.de/10013278668

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