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The 2012-13 Budget, which provides for an increase in taxes of $ 39 billion and a reduction in expenditures of $ 7 … billion, is strongly contractionary, reducing aggregate demand by about 2 per cent. The government deserves praise for … starting the process of fiscal consolidation in a possible election year. Still, given the low Australian government debt …
Persistent link: https://www.econbiz.de/10013105536
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In this paper, we employ generational accounting to analyse the inter-temporal stance of Austrian public finance in 1998 as well as the inter-temporal fiscal impact of immigration to Austria. Immigrants affect inter-temporal fiscal balance in essentially two ways. Firstly, they have a...
Persistent link: https://www.econbiz.de/10009748289
This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...
Persistent link: https://www.econbiz.de/10010436737
In this paper, we employ generational accounting to analyse the inter-temporal stance of Austrian public finance in 1998 as well as the inter-temporal fiscal impact of immigration to Austria. Immigrants affect inter-temporal fiscal balance in essentially two ways. Firstly, they have a...
Persistent link: https://www.econbiz.de/10012777226
A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries...
Persistent link: https://www.econbiz.de/10012956473
This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...
Persistent link: https://www.econbiz.de/10012912485
In this paper, we employ generational accounting to analyse the inter-temporal stance of Austrian public finance in 1998 as well as the inter-temporal fiscal impact of immigration to Austria. Immigrants affect inter-temporal fiscal balance in essentially two ways. Firstly, they have a...
Persistent link: https://www.econbiz.de/10012862683
features of the state budget for 2021 is the creation of financial security to implement the aforementioned honorable and … responsible tasks. Along with their implementation, the budget for 2021 envisages the creation of financial guarantees for further …
Persistent link: https://www.econbiz.de/10013244344