Fiscal Adjustments in OECD Countries

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Publisher : International Monetary Fund
ISBN 13 : 1451960433
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Fiscal Adjustments in OECD Countries by : Mr.Alberto Alesina

Download or read book Fiscal Adjustments in OECD Countries written by Mr.Alberto Alesina and published by International Monetary Fund. This book was released on 1996-07-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.

Fiscal Adjustments in OECD Countries

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Fiscal Adjustments in OECD Countries by : Alberto F. Alesina

Download or read book Fiscal Adjustments in OECD Countries written by Alberto F. Alesina and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies how the composition of fiscal adjustments influences their likelihood of quot;successquot;, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary.We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.

Fiscal Adjustments in Transition Economies

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Book Synopsis Fiscal Adjustments in Transition Economies by : Barbara Fakin

Download or read book Fiscal Adjustments in Transition Economies written by Barbara Fakin and published by World Bank Publications. This book was released on 1997 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Adjustments

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Fiscal Adjustments by : Daniel Leigh

Download or read book Fiscal Adjustments written by Daniel Leigh and published by International Monetary Fund. This book was released on 2007-07 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a non-Ricardian multi-country dynamic general equilibrium model. The study finds that while fiscal consolidations tend to have short-run contractionary effects, they can be expansionary in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also create positive spillover effects for the rest of the world.

An Empirical Analysis of Fiscal Adjustments

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Publisher : International Monetary Fund
ISBN 13 : 1451965958
Total Pages : 26 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis An Empirical Analysis of Fiscal Adjustments by : Mr.C. John McDermott

Download or read book An Empirical Analysis of Fiscal Adjustments written by Mr.C. John McDermott and published by International Monetary Fund. This book was released on 1996-06-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolidation that concentrates on the expenditure side, and especially on transfers and government wages, is more likely to succeed in reducing the public debt ratio than tax-based consolidation. Also, the greater the magnitude of the fiscal consolidation, the more likely it is to succeed in reducing the debt ratio.

Fiscal Discipline and the Cost of Public Debt Service

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Publisher : International Monetary Fund
ISBN 13 : 1451969260
Total Pages : 23 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Fiscal Discipline and the Cost of Public Debt Service by : Mr.Francesco Caselli

Download or read book Fiscal Discipline and the Cost of Public Debt Service written by Mr.Francesco Caselli and published by International Monetary Fund. This book was released on 1998-04-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there any systematic explanation of variations in the cost of debt servicing over time and across countries? This paper examines the influence of fiscal variables on borrowing costs in a panel of OECD countries, showing that these variables have a significant role. In particular, an improvement of the primary fiscal balance is associated with a significant reduction in debt-servicing costs, amplifying the effects of primary adjustment on the fiscal position. A significant country-specific component remains, however; several explanations for this component are discussed, including debt management and market infrastructure.

International Migration Outlook 2013

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Publisher : OECD Publishing
ISBN 13 : 9264200169
Total Pages : 423 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis International Migration Outlook 2013 by : OECD

Download or read book International Migration Outlook 2013 written by OECD and published by OECD Publishing. This book was released on 2013-06-13 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication analyses recent development in migration movements and policies in OECD countries and some non member countries including migration of highly qualified and low qualified workers, temporary and permanent, as well as students.

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2017

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Publisher : OECD Publishing
ISBN 13 : 9264265120
Total Pages : 608 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2017 by : OECD

Download or read book OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2017 written by OECD and published by OECD Publishing. This book was released on 2017-07-10 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: This consolidated version of the OECD Transfer Pricing Guidelines includes the revised guidance on safe harbours adopted in 2013, as well as the recent amendments made by the Reports on Actions 8-10 and 13 of the BEPS Actions Plan and conforming changes to Chapter IX.

Economies in Transition

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Publisher : Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Economies in Transition by : Organisation for Economic Co-operation and Development

Download or read book Economies in Transition written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre. This book was released on 1989 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report synthesises the annual country surveys on structural adjustments from 1984-1988 prepared by the OECD Economic and Development Review Committee, representing a contribution to the comparative analysis of structural change and adjustment.

Challenges to Fiscal Adjustment in Latin America The Cases of Argentina, Brazil, Chile and Mexico

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Publisher : OECD Publishing
ISBN 13 : 9264022082
Total Pages : 166 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Challenges to Fiscal Adjustment in Latin America The Cases of Argentina, Brazil, Chile and Mexico by : OECD

Download or read book Challenges to Fiscal Adjustment in Latin America The Cases of Argentina, Brazil, Chile and Mexico written by OECD and published by OECD Publishing. This book was released on 2006-02-06 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses progress made to date in Argentina, Brazil, Chile and Mexico in putting their finances in order, and points out the challenges ahead.

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2022

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Publisher : OECD Publishing
ISBN 13 : 9264921915
Total Pages : 659 pages
Book Rating : 4.2/5 (649 download)

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Book Synopsis OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2022 by : OECD

Download or read book OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2022 written by OECD and published by OECD Publishing. This book was released on 2022-01-20 with total page 659 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a global economy where multinational enterprises (MNEs) play a prominent role, governments need to ensure that the taxable profits of MNEs are not artificially shifted out of their jurisdiction and that the tax base reported by MNEs in their country reflects the economic activity undertaken therein. For taxpayers, it is essential to limit the risks of economic double taxation.

Fiscal Adjustment in Transition Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451845472
Total Pages : 23 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Fiscal Adjustment in Transition Countries by : MissCatriona Purfield

Download or read book Fiscal Adjustment in Transition Countries written by MissCatriona Purfield and published by International Monetary Fund. This book was released on 2003-02-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.

The Distributional Effects of Fiscal Consolidation

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Publisher : International Monetary Fund
ISBN 13 : 1475551940
Total Pages : 24 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Distributional Effects of Fiscal Consolidation by : Laurence M. Ball

Download or read book The Distributional Effects of Fiscal Consolidation written by Laurence M. Ball and published by International Monetary Fund. This book was released on 2013-06-21 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests that spending-based adjustments have had, on average, larger distributional effects than tax-based adjustments.

Fiscal Adjustment in IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 1589062744
Total Pages : 128 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Fiscal Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Fiscal Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2003-11-17 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.

Expansionary Austerity New International Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1455294691
Total Pages : 41 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Expansionary Austerity New International Evidence by : Mr.Daniel Leigh

Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Strategies for Fiscal Consolidation in the Post-Crisis World

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Publisher : International Monetary Fund
ISBN 13 : 1589069374
Total Pages : 64 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Strategies for Fiscal Consolidation in the Post-Crisis World by : Mr.Mauricio Villafuerte

Download or read book Strategies for Fiscal Consolidation in the Post-Crisis World written by Mr.Mauricio Villafuerte and published by International Monetary Fund. This book was released on 2010-09-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.

When is Fiscal Adjustment an Illusion?

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis When is Fiscal Adjustment an Illusion? by : William Russell Easterly

Download or read book When is Fiscal Adjustment an Illusion? written by William Russell Easterly and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: