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Estimates of the Danish general government budget balance and the cyclical budget volatility 1875-2003
Abildgren, Kim - 2005
-term term fiscal development in Denmark. Even though Denmark today has one of the largest public sectors in Europe, relatively …
Persistent link: https://www.econbiz.de/10010321202
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Spillovers in the Nordic Countries
Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …
Persistent link: https://www.econbiz.de/10011242239
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Does austerity pay off? : conference paper
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014
Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...
Persistent link: https://www.econbiz.de/10010481328
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Decomposing total tax revenues in Germany
Leib, Karolina - 2010
Given the consolidation needs and the provisions of the new fiscal rule, budgetary planning in Germany has become more demanding. Fiscal projections are already difficult since the link between total tax revenue and economic activity is observed to be unstable. This Country Focus identifies...
Persistent link: https://www.econbiz.de/10009641056
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Estonia: towards a swift current account rebalancing
Lamine, Baudouin - 2010
This study focuses on the most important drivers of the swift current account rebalancing which is taking place in Estonia and considers the possible way forward. After very large deficits in the boom years (2005-2007), Estonia's current account balance turned positive in the downturn, as...
Persistent link: https://www.econbiz.de/10009641059
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Romania: unwinding imbalances – need for fiscal consolidation
Pauwels, Stefaan - 2009
Romania's domestic demand boom over the past few years has led to rapidly widening current account deficits, reaching an estimated 13½% of GDP in 2008. High private sector dissaving has been exacerbated by a procycylical fiscal policy, with the public deficit likely to exceed 3% of GDP in 2008....
Persistent link: https://www.econbiz.de/10009641061
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The efficiency of public expenditure in Malta
Ebejer, Ivan; Mandl, Ulrike - 2009
Measuring public sector efficiency is not generally straightforward and presents a difficult empirical issue, specifically in terms of adequate measurement of costs and outcomes. This Country Focus attempts to measure the efficiency of public spending in Malta by applying two alternative...
Persistent link: https://www.econbiz.de/10009641062
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UK public finances and oil prices: tax bonanza from black gold?
Scerri, Karl; Reut, Adriana - 2009
The UK's self-sufficiency in fossil fuels shields public finances from the negative effects of higher oil prices on general economic activity. Changes in the international price of oil affect government revenues from the corporate and household sectors. Taxes on oil production are estimated to...
Persistent link: https://www.econbiz.de/10009641068
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Public finance reform in Hungary: light at the end of the tunnel?
Jankovics, László - 2008
The dominance of electoral considerations in determining budgetary outcomes has been evident in Hungary over the last 15 years, with government deficits reaching their highest levels in election years (1994, 1998, 2002 and 2006). This deterioration of public finances has largely been possible...
Persistent link: https://www.econbiz.de/10009641089
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External imbalances in Croatia - A matter of concern?
Stamm, Uwe; Macovei, Mihai-Gheorghe - 2007
Since the early 1990s Croatia has managed a rather successful transition process with solid growth, low inflation and exchange rate stability. Better integration into international financial markets, capital account liberalisation and banking sector reform have facilitated access to foreign...
Persistent link: https://www.econbiz.de/10009641145