Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries write by Mr.Daniel Kanda. This book was released on 2011-07-01. Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries available in PDF, EPUB and Kindle. For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops an inter-temporal model that elicits the implied country-preferences over balancing the conflicting objectives of fiscal consolidation and reduction of economic slack. The model suggests that some front-loading of adjustment is desirable, although the extent would vary by country preferences. It also finds that proposed consolidations may prove to be stronger than acceptable, especially if somewhat larger than anticipated fiscal multipliers lead to a sizeable economic deceleration.
Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries
Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries write by Mr.Daniel Kanda. This book was released on 2014-07-10. Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries available in PDF, EPUB and Kindle. This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.
Kingdom of Netherlands
Kingdom of Netherlands - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Kingdom of Netherlands write by International Monetary Fund. This book was released on 2011-06-21. Kingdom of Netherlands available in PDF, EPUB and Kindle. Important issues of the Netherlands are discussed. Openness to trade has benefited the Netherlands before the crisis and has supported the recent recovery process. However, both financial openness and trade linkages have also been a transmission channel for the financial crisis. Synchronized fiscal tightening across Europe has important spillover effects for GDP growth. The improvement on the supply side of credit has contributed to a normalization of the credit market. However, the recent increase in the financial stress index indicates that the situation is still fragile.
A Buffer-Stock Model for the Government: Balancing Stability and Sustainability
A Buffer-Stock Model for the Government: Balancing Stability and Sustainability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Buffer-Stock Model for the Government: Balancing Stability and Sustainability write by Jean-Marc Fournier. This book was released on 2019-07-22. A Buffer-Stock Model for the Government: Balancing Stability and Sustainability available in PDF, EPUB and Kindle. A fiscal reaction function to debt and the cycle is built on a buffer-stock model for the government. This model inspired by the buffer-stock model of the consumer (Deaton 1991; Carroll 1997) includes a debt limit instead of the Intertemporal Budget Constraint (IBC). The IBC is weak (Bohn, 2007), a debt limit is more realistic as it reflects the risk of losing market access. This risk increases the welfare cost of fiscal stimulus at high debt. As a result, the higher the debt, the less governments should smooth the cycle. A larger reaction of interest rates to debt and higher hysteresis magnify this interaction between the debt level and the appropriate reaction to shocks. With very persistent shocks, the appropriate reaction to negative shocks in highly indebted countries can even be procyclical.
Fiscal Consolidation in Southeastern European Countries
Fiscal Consolidation in Southeastern European Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Consolidation in Southeastern European Countries write by International Monetary Fund. This book was released on 2012-05-01. Fiscal Consolidation in Southeastern European Countries available in PDF, EPUB and Kindle. This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country’s understanding of the scale of the fiscal adjustment challenge, its ability to develop a credible consolidation strategy, and its capacity to implement the strategy. Key institutional arrangements, are generally in place, including top-down budgeting and medium-term budget frameworks. Other institutional arrangements require further attention, including macro-fiscal forecasting, fiscal risk analysis, setting fiscal objectives, presence and role of independent fiscal agencies, and top-down parliamentary approval.
