The purpose of this paper is to examine the various structural determinants of revenue and tax effort in Tunisia. We used on the empirical study an ARDL model to estimate the dynamic equation of fiscal potential and its structural and non-structural determinants covering the period of 1996-2017...

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit...

In the global context of constantly evolving economies, the efficiency of a country's fiscal system becomes a central pillar in ensuring its stability and prosperity. The Republic of Moldova faces challenges related to the structure, collection and distribution of fiscal resources. Evaluating...

The COVID-19 pandemic has led to an increase in public debt in most countries. This will increase fiscal pressure in the future. We study how the shape of the optimal nonlinear income tax schedule is affected by this increase. We calibrate the workhorse optimal income tax model to five European...

In the global context of constantly evolving economies, the efficiency of a country's fiscal system becomes a central pillar in ensuring its stability and prosperity. The Republic of Moldova faces challenges related to the structure, collection and distribution of fiscal resources. Evaluating...

Expenditure in Iceland, especially related to the government wage bill, has tended to move in a procyclical manner, related to the fragmentation of political decision making. Iceland's elevated macroeconomic volatility reinforces these tendencies, as large booms unleash greater fiscal pressures...

This paper reviews some broad principles of fiscal coverage, building on cross-country experience. It discusses the level of coverage that would be appropriate to conduct good quality fiscal analysis, while striking the right balance between the costs and the benefits of expanding the coverage....

This study investigates fiscal convergence in the European Union. Increasing economic integration and fiscal harmonisation policy justify the analysis of the convergence of the fiscal variables. In this note the tax mix, the total fiscal pressure and its three main components –taxes on income...

This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...

The government has fully complied with all the elements of the fourth floating completion point condition, which calls for the implementation of reforms to develop human capital and social protection. Investment in human capital development represents the second pillar of Nicaragua’s...