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The reform of the European Union’s fiscal governance framework in a new macroeconomic environment
Alloza, Mario; Andrés, Javier; Burriel, Pablo; …
Las principales propuestas de reforma del marco de política fiscal de la Unión Europea inciden en tres bloques de cuestiones: i) simplificación de las reglas, para dotarlas de mayor transparencia y flexibilidad; ii) incorporación de nuevos instrumentos supranacionales de compartición de...
Persistent link: https://www.econbiz.de/10014568828
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La reforma del marco de gobernanza de la política fiscal de la Unión Europea en un nuevo entorno macroeconómico
Alloza, Mario; Andrés, Javier; Burriel, Pablo; …
Las principales propuestas de reforma del marco de política fiscal de la Unión Europea inciden en tres bloques de cuestiones: i) simplificación de las reglas, para dotarlas de mayor transparencia y flexibilidad; ii) incorporación de nuevos instrumentos supranacionales de compartición de...
Persistent link: https://www.econbiz.de/10014568829
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FISCAL COUNCILS AS AN ELEMENT OF THE INSTITUTIONAL ENVIRONMENT OF FISCAL POLICY – THE CASE OF POLAND
CIAK, Jolanta Maria - 2016
and in the world differ according to their tasks, rights and responsibilities. It results predominantly from the political …
Persistent link: https://www.econbiz.de/10011437089
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Deficits, Interest Rates and Monetary Policy
Brunner, Karl
The deficit of the Federal budget dominates the attention of the public arena. The process began with President Carter's ill-fated budget announcement in February 1980. The response of the bond market revealed at the time that an increasing segment of the public recognized the futility of...
Persistent link: https://www.econbiz.de/10009482988
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The Stability and Growth Pact from the Perspective Of the New Member States
Orbán, Gábor; Szapáry, György - 2004
The purpose of this paper is to examine the fiscal characteristics of the new members in the light of the requirements of the SGP and the criticisms levelled against the Pact and to see in what ways their initial conditions differ from those faced by the current euro zone countries in the run-up...
Persistent link: https://www.econbiz.de/10009476804
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Fiscal policy with endogenous money and interest rate targeting
Hart, Neil - University of Western Sydney; University of Western Sydney; … - 2006
This paper presents a critique of the traditional textbook representation of fiscal policy, and highlights the misleading policy implications perpetuated by this analysis. In particular, the conclusion that fiscal deficits are likely to be associated with higher interest rates is disputed, as is...
Persistent link: https://www.econbiz.de/10009481936
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Output volatility in developing countries
De Hart, Petrus Jacobus - 2008
Over the past few decades, many countries have experienced a marked decline in the volatility of output. However, there … is still a significant difference between developed and developing countries in the level of output volatility. A … proposed explanation for this phenomenon is the impact of economic policies on output volatility in developing countries. The …
Persistent link: https://www.econbiz.de/10009457744
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Can Progressive Taxation Contribute to Economic Development?
Weller, Christian E.; Rao, Manita - 2008
flows, especially portfolio investment flows, may reduce volatility, but it could also result in domestic capital …
Persistent link: https://www.econbiz.de/10009467889
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The decline in public investment: "social dominance"or too-rigid fiscal rules?
Delgado Téllez de Cepeda, Mar; Gordo Mora, Esther; …
El nivel de inversión pública de las economías avanzadas se encuentra en mínimos históricos y muestra una tendencia decreciente al menos desde la década de los ochenta. Hay dos hipótesis principales en la literatura que tratan de explicar este hecho. La hipótesis de la «prevalencia del...
Persistent link: https://www.econbiz.de/10012525004
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Fiscal rules in Latin America : a survey
Berganza, Juan Carlos - 2012
This survey first discusses general characteristics, advantages and disadvantages of different types of fiscal rules. The criterion for classifying them is based on the emphasis given: longterm sustainability (reducing the deficit bias and controlling the growth in public debt) or reducing the...
Persistent link: https://www.econbiz.de/10012529578