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Persistent link: https://www.econbiz.de/10011933307
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...
Persistent link: https://www.econbiz.de/10010297821
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...
Persistent link: https://www.econbiz.de/10011604680
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...
Persistent link: https://www.econbiz.de/10005097556
Persistent link: https://www.econbiz.de/10011933300
has contributed to a substantial reduction in nominal debt. This outcome has occurred against the backdrop of a favourable … economic growth. Nominal debt reduction may not materialise to the same extent under different circumstances. It appears that …
Persistent link: https://www.econbiz.de/10011933301
Persistent link: https://www.econbiz.de/10011933302
Persistent link: https://www.econbiz.de/10011933304
debt-to-GDP ratios have declined towards 60%, fiscal discipline could be strengthened even further by introducing well …-designed Eurobonds as the capstone of EMU. We propose centrally issued Eurobonds for the full public debt under the condition that Member …
Persistent link: https://www.econbiz.de/10011933306
Sweden is a front-runner in defining intermediate targets for fiscal policy (fiscal rules) as well as in setting up an independent fiscal council to monitor and comment on developments. Swedish public finances are among the most sound in the OECD having been able to consolidate public finances...
Persistent link: https://www.econbiz.de/10011933308