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Rolling the Dice on Canada's Fiscal Future
Laurin, Alexandre; Drummond, Don - 2022
go higher for decades and even generations. The 2021 federal budget demonstrates the sensitivity and fragility of Canada …’s fiscal prospects. In this E-Brief, we explore further this fragility by testing the sensitivity of Canada’s simulated debt … “rolling the dice” on Canada’s future. No matter the answers to policy choices about taxes and spending in the years ahead, one …
Persistent link: https://www.econbiz.de/10013289333
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Haushaltskonsolidierung, Infrastruktur und Standortwettbewerb : Gutachten im Auftrag des Bayerischen Staatsministeriums für Wirtschaft, Infrastruktur, Verkehr und Technologie
Eck, Alexander; Ragnitz, Joachim; Steinbrecher, Johannes; … - 2011
Im Auftrag des Bayerischen Wirtschaftsministeriums untersucht die Studie die Auswirkungen einer verbindlichen Schuldenregel ab dem Jahr 2020 auf den aktuellen Haushalt des Freistaates Bayern. Durch den Einnahmeausfall infolge der Wirtschaftskrise und die gleichzeitig gestiegenen Landesausgaben...
Persistent link: https://www.econbiz.de/10011859065
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Government balance-consistent economic growth rates and their implications : a study of the Euro area countries
Pattichis, Charalambos - In: European journal of government and economics : EJGE 9 (2020) 3, pp. 220-231
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/10012489723
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The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization
Millar, Jonathan - 1998
debt. This paper reviews the budget rules recently legislated in six of Canada's provinces and both of its territories, as …-rule legislation in Canada on fiscal performance, macroeconomic stabilization, and monetary policy …
Persistent link: https://www.econbiz.de/10014073824
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Finanzpolitik in Deutschland: Herausforderungen und Lösungswege
Boss, Alfred - 2009
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...
Persistent link: https://www.econbiz.de/10010265251
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Finanzpolitik in Deutschland : Herausforderungen und Lösungswege
Boss, Alfred - 2009
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...
Persistent link: https://www.econbiz.de/10003877594
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The effect of government debt, external debt and their interaction on OECD interest rates
Turner, David; Spinelli, Francesca - 2013
In the wake of the financial crisis there has been renewed focus on the importance of a country’s net external debt position in determining domestic interest rates and, relatedly, its vulnerability to a crisis. This paper extends the panel estimation of OECD countries described in Turner and...
Persistent link: https://www.econbiz.de/10010231409
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Reconciling Fiscal Consolidation with Growth and Equity
Cournede, Boris - 2015
Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial public finance consolidation needs. While essential to avoid the disruption and large costs ultimately associated with unsustainable public finances, fiscal...
Persistent link: https://www.econbiz.de/10013017007
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The (pro-)cyclicality of government consumption in the EU and official expectations of future output growth: new evidence
Cronin, David; McQuinn, Kieran - 2020
Data from member states' Stability and Convergence Programmes from 2011 to 2018 are used to assess the cyclicality of government consumption in the EU after the European Semester took effect. Econometric estimations, which address endogeneity issues, find the intended (ex-ante) fiscal policy to...
Persistent link: https://www.econbiz.de/10012307910
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Is There a Need for Fiscal Devaluation to Spur Economic Growth?
Sokolov, Ilya - 2017
The idea of reducing insurance contributions from the current 30% to 21–22% while raising the VAT rate from 18% to 21–22% has been debated a lot since late in 2016. It is assumed that such a tax manoeuvre can reduce domestic producers' labour costs, and neither exporters nor investments will...
Persistent link: https://www.econbiz.de/10012955638