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A disaggregated framework for the analysis of structural developments in public finances
Kremer, Jana; Braz, Cláudia Rodrigues; Brosens, Teunis; … - 2006
In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...
Persistent link: https://www.econbiz.de/10010295793
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The EMU Consolidation Game - or: Does 3.0 Really Mean 3.0?
Heinemann, Friedrich - 1998
consistent debt limits in the time after the introduction of the Euro. …
Persistent link: https://www.econbiz.de/10010297571
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EMU and fiscal discipline: the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10010297592
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Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...
Persistent link: https://www.econbiz.de/10010297607
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Does globalization restrict budgetary autonomy? A multidimensional approach
Heinemann, Friedrich - 1999
Does globalization restrict the leeway for national budgetary policy? With the help of cluster and discriminant analysis this study provides evidence on the basis of the experience of OECD countries since the 1970s. Four budgetary dimensions are included in the analysis: tax structure,...
Persistent link: https://www.econbiz.de/10010297629
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Fiscal sustainability and policy implications for the euro area
Balassone, Fabrizio; Cunha, Jorge Correia da; Langenus, … - 2009
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … adjustment in a disproportionate way to future generations. For many euro area countries this implies that the medium …
Persistent link: https://www.econbiz.de/10010298751
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Steuerwettbewerb in Mittel- und Osteuropa: Eine Einschätzung anhand der Messung effektiver Grenzsteuersätze
Treier, Volker - 2001
Die Transformationsländer Mittel- und Osteuropas (MOE) stecken in der Zwickmühle. Einerseits zwingt der Wettkampf um international knappes Kapital möglicherweise zu Steuersenkungen, die zu Einnahmeausfällen führen. Andererseits werden gerade in Zeiten der Transformation staatliche Einnahmen...
Persistent link: https://www.econbiz.de/10010301328
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Fiscal policy in Latin America: better after all?
Daude, Christian; Melguizo, Ángel; Neut, Alejandro - 2010
This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...
Persistent link: https://www.econbiz.de/10010302742
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Fiscal policy in Latin America: Countercyclical and sustainable?
Daude, Christian; Melguizo, Ángel; Neut, Alejandro - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-14, pp. 1-29
This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...
Persistent link: https://www.econbiz.de/10010306876
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Fiscal policy in real time
Cimadomo, Jacopo - 2008
This paper argues that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy "instrument", the structural primary balance,...
Persistent link: https://www.econbiz.de/10011604965