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The debate on fiscal consolidation is dominated by controversies about the negative impact of consolidation on growth …. This contribution shortly summarizes the discussion about links between fiscal consolidation and growth. In addition …, common advice that is derived from arguments about the detrimental impact of consolidation on growth, is analyzed. We argue …
Persistent link: https://www.econbiz.de/10011285715
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/10009690151
finance growth programmes could now help to resolve the economic crisis. …
Persistent link: https://www.econbiz.de/10009678971
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
Victory in the War for Independence brought a vast amount of land within the grasp of the new American nation -- territory stretching from the Appalachian Mountains to the Mississippi River between the southern shores of the Great Lakes and Spanish Florida. These lands were initially claimed by...
Persistent link: https://www.econbiz.de/10005025634
Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to …
Persistent link: https://www.econbiz.de/10005067360
size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous …
Persistent link: https://www.econbiz.de/10005789061
The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the …
Persistent link: https://www.econbiz.de/10005791638
European policy makers, notably in the euro area, seem to take for granted that the electorate will punish them for bold reform in product and labour markets. This may explain why progress in the euro area has been comparatively limited. This paper posits and, using a dataset for 21 OECD...
Persistent link: https://www.econbiz.de/10005661620
Ever since the outbreak of the sovereign debt crisis, coordinating economic growth with fiscal sustainability has been … of combining and/or coordinating economic growth with fiscal sustainability. As fiscal discipline is a pivotal element of … implemented throughout the globe. The question to be answered, therefore, is whether economic growth and fiscal discipline can be …
Persistent link: https://www.econbiz.de/10010940937