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Fiscal Policy Responsiveness, Persistence, and Discretion

Afonso, António - 2008

In this working paper, we decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than responding to output variations. We also found that while the...

Persistent link: https://www.econbiz.de/10012447103

Fiscal Prospects and Reforms in India

Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011

has indeed been trying to rein in, though with difficulty in the face of rising world oil prices. Expenditure also needs …

Persistent link: https://www.econbiz.de/10009364448

Ensuring Debt Sustainability Amid Strong Economic Uncertainty in Hungary

Beynet, Pierre; Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2012

Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries. Nonetheless, the underlying fiscal balance started deteriorating in 2010 and 2011. Recognising this, Hungary’s government launched an ambitious...

Persistent link: https://www.econbiz.de/10011276894

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

The System of Revenue Sharing and Fiscal Transfers in China

Wang, Xiao; Herd, Richard - Economics Department, Organisation de Coopération et … - 2013

The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...

Persistent link: https://www.econbiz.de/10011276970

Trade Patterns in the 2060 World Economy

Chateau, Jean; Fontagné, Lionel; Fouré, Jean; … - 2014

This paper presents long-term trade scenarios for the world economy up to 2060 based on a modelling approach that … combines aggregate growth projections for the world with a detailed computable general equilibrium sectoral trade model. The …. Slower educational upgrading in key emerging economies than expected in the baseline scenario could reduce world exports by 2 …

Persistent link: https://www.econbiz.de/10012449746

Promoting gender equality to strengthen economic growth and resilience

André, Christophe - 2023

Women’s employment rates and wages are still lagging those of men across OECD countries, with average employment and wage gaps now around 15% and 12% respectively. Gaps narrowed at a relatively modest pace over the past decade, calling for further policy action. A lack of affordable...

Persistent link: https://www.econbiz.de/10014491323

Avoiding the Value Added Tax : Theory and Cross-Country Evidence

de Mello, Luiz - 2008

This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non-co-operative Nash that depends on the...

Persistent link: https://www.econbiz.de/10012443965

Government Consumption Volatility and the Size of Nations

Furceri, Davide - 2009

The aim of this paper is to analyze the relation between the volatility of government consumption and country size. Using a sample of 160 countries from 1960 to 2000 the main findings of our empirical analysis suggest that: 1) smaller countries have more volatile non-discretionary and...

Persistent link: https://www.econbiz.de/10012444578

Tax Competition Between Sub-Central Governments

Blöchliger, Hansjörg; Campos, José Maria Pinero - Economics Department, Organisation de Coopération et … - 2011

Sub-central tax competition is the strategic interaction of tax policy between jurisdictions with the objective to attract and retain mobile tax bases. The views on tax competition differ widely: while some consider that tax competition brings sub-central fiscal policy closer to citizen?s...

Persistent link: https://www.econbiz.de/10009131542