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The benefits of fiscal consolidation in uncharted waters
Rother, Philipp; Schuknecht, Ludger; Stark, Jürgen - 2010
This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the benefits of consolidation have to be re-assessed given that industrialised countries have entered uncharted waters with unsustainable public debt dynamics and enormous...
Persistent link: https://www.econbiz.de/10011606273
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Fiscal policy options in light of recent IMF research
Allen, Mark Le Gros - 2011
The financial crisis and recession have left a legacy of unusually large fiscal deficits and growing sovereign debt levels in most advanced economies. The paper uses recent research from the IMF to throw light on two questions: how much fiscal space is available to advanced countries before they...
Persistent link: https://www.econbiz.de/10011430862
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Empirical Studies on Public Debt and Fiscal Transfers
Reischmann, Markus Josef - 2016
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
Persistent link: https://www.econbiz.de/10011698353
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Is crowding out of private sector credit inhibiting Africa's growth?
Attout, Ahmed; Baldini, Alfredo; Schmidt, Vivian F. de O.; … - 2022
During the pandemic, African banks rebalanced their portfolio towards sovereign assets, and crowding out of credit to private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to the COVID-19 crisis intensified crowding out of...
Persistent link: https://www.econbiz.de/10014506409
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Staatsverschuldung
Bräuninger, Michael; Koller, Cornelia; Langer, Michael; … - 2009
In der Rezession 2009 sind die Haushaltsdefizite sowohl in den großen Industrienationen als auch in den Schwellenländern in erheblichem Maße angestiegen. Dies ist zum einen auf automatische Stabilisatoren zurückzuführen. So gehen in der Rezession die Steuereinnahmen zurück, während...
Persistent link: https://www.econbiz.de/10010420191
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The euro area's tightrope walk: Debt and competitiveness in Italy and Spain
Darvas, Zsolt - 2013
Competitiveness adjustment in struggling southern euro-area members requires persistently lower inflation than in major … trading partners, but low inflation worsens public debt sustainability. When average euro-area inflation undershoots the two …, inflation and budget surplus assumptions can easily result in a runaway debt trajectory. The case for a greater than five …
Persistent link: https://www.econbiz.de/10010464513
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Fiscal convergence in the West African Monetary Zone
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, … - 2021
Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation … strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce …
Persistent link: https://www.econbiz.de/10013362892
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Convergence budgétaire dans la Zone Monétaire de l'Afrique de l'Ouest
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, … - 2021
Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation … strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce …
Persistent link: https://www.econbiz.de/10014278283
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Steuer- und Abgabenlast in Deutschland: Eine Analyse auf Makro- und Mikroebene
Döhrn, Roland; Breidenbach, Philipp; Gebhardt, Heinz; … - 2017
[Einleitung] Im Jahr 2016 beliefen sich die Einnahmen des Staates in Relation zum Bruttoinlandsprodukt (BIP) auf 45,1%. Der weitaus überwiegende Teil dieser Einnahmen resultierte aus Steuern und Sozialabgaben, deren Volumen sich auf 40,2% in Relation zum BIP belief. Damit steigt die...
Persistent link: https://www.econbiz.de/10011642909