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Each spring, Canada's federal, provincial and territorial legislatures vote budgets that set out their spending and … to voters and taxpayers. Over the last decade, however, Canada's senior governments have overshot their spending targets … expert reader. Our 2013 fiscal accountability survey of Canada's senior governments' evaluates the clarity and adherence to …
Persistent link: https://www.econbiz.de/10013056519
Persistent link: https://www.econbiz.de/10013024221
Canada's governments have regularly missed budget spending and revenue targets during the last decade. Taken together …
Persistent link: https://www.econbiz.de/10013079792
During the next few decades the populations of most developed countries will grow older and older as a result of the low fertility rates since the 1970s and/or the continuously increasing life expectancy. Poland, one of the biggest countries in Central Europe, will be confronted rather seriously...
Persistent link: https://www.econbiz.de/10010304752
This paper analyzes the Greek debt crisis. It is shown how the rescue package of 110 bn euro is shared among the IMF and the Euroarea-members in order to overcome the short-run problems. For the longer-run solution of the crisis several exit scenarios are presented and discussed: Under what...
Persistent link: https://www.econbiz.de/10010327322
Poland faces one of the most rapidly ageing population in Europe. The old age dependency ratio is expected to triple until 2060. Against this background, our paper examines the sustainability of Polish public finances and its isolated subsystems. We consider the profound recent reforms including...
Persistent link: https://www.econbiz.de/10010368519
This paper surveys the empirical research on fiscal policy analysis based on real-time data. This literature can be broadly divided in three groups that focus on: (1) the statistical properties of revisions in fiscal data; (2) the political and institutional determinants of projection errors by...
Persistent link: https://www.econbiz.de/10011605453
Using the model derived by Bajo-Rubio (2014), this paper estimates government budget balance-consistent growth rates for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these countries are growing at rates that are very similar to...
Persistent link: https://www.econbiz.de/10014551685
Im Kontext einer stark alternden Gesellschaft sowie hoher akkumulierter staatlicher Schuldenstände ist die Sorge um die Nachhaltigkeit der öffentlichen Finanzen nicht mehr aus der politischen und wissenschaftlichen Diskussion in den entwickelten Volkswirtschaften wegzudenken. Politische...
Persistent link: https://www.econbiz.de/10012290130
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012604857