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Bringing Belgian Public Finances to a Sustainable Path

Koźluk, Tomasz; Jousten, Alain; Høj, Jens - Economics Department, Organisation de Coopération et … - 2012

Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the … increased. This will require cuts in public spending, improving efficiency of policies, containing the growth of ageing …-related costs and making the tax system more conducive to growth. While past experiences, such as in the 1990s, have shown that …

Persistent link: https://www.econbiz.de/10011276973

The System of Revenue Sharing and Fiscal Transfers in China

Wang, Xiao; Herd, Richard - Economics Department, Organisation de Coopération et … - 2013

The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...

Persistent link: https://www.econbiz.de/10011276970

The Political Economy of Fiscal Consolidation

Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010

This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...

Persistent link: https://www.econbiz.de/10008587587

Should Measures of Fiscal Stance be Adjusted for Terms of Trade Effects?

Economics Department, Organisation de Coopération et …; … - 2006

of trade returns to long-run historical trends might appear a natural benchmark, recent sustained strong growth in demand …

Persistent link: https://www.econbiz.de/10005045641

Measuring Cyclically-adjusted Budget Balances for OECD Countries

Girouard, Nathalie; André, Christophe - Economics Department, Organisation de Coopération et … - 2005

Measuring cyclically-adjusted budget balances for OECD countries An important tool in the analysis of fiscal policy is the distinction between structural and cyclical components of the budget balance. This paper describes work undertaken to re-estimate and re-specify the elasticities underlying...

Persistent link: https://www.econbiz.de/10005045813

The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond

Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2000

This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s....

Persistent link: https://www.econbiz.de/10005045980