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Author:
Publisher: European Communities
ISBN: 9789279049484
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
This publication series appears six times a year, and contains important reports and communications from the Commission to the Council and the European Parliament on the economic situation and developments.
Author:
Publisher: European Communities
ISBN: 9789279049484
Category : Business & Economics
Languages : en
Pages : 472
Get Book Here
Book Description
This publication series appears six times a year, and contains important reports and communications from the Commission to the Council and the European Parliament on the economic situation and developments.
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category :
Languages : en
Pages : 449
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Book Description
Author:
Publisher:
ISBN: 9789279228520
Category :
Languages : en
Pages : 348
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Book Description
"The annual Report on Public Finances in EMU brings together in a single publication a review of key policy developments and analytical findings in the area of the public finances. This year the report reviews the reform of the EU budgetary surveillance which entered into force in late 2011 and the status of the proposals for the further reforms currently under consideration. Moreover it describes the evolution of Member States' fiscal policies. It then studies the relationship between fiscal consolidation and growth (as captured by the fiscal multipliers) before moving on to present the impact of decentralization of tax and spending responsibilities on debt sustainability in the EU."--Cover.
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 302
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Book Description
Author:
Publisher: European Communities
ISBN: 9789279192975
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
"The annual report on the public finances in EMU brings together in a single publication a review of key policy developments and analytical findings in the area of the public finances. [...] the report starts with a detailed description and analysis of recent budgetary developments and an assessment of the outlook over the coming years. Second, it discusses the proposed reform to the EU's fiscal surveillance framework, which is currently awaiting final approval in the Council and the European Parliament. The third and fourth parts of the report provide analytical work on topical issues for fiscal policy makers."--Cover.
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 342
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Communication on Public Finances in EMU 2005 summarises the main policy messages of the yearly Public Finances in EMU report prepared by Directorate General for Economic and Financial Affairs. The Commission calls on Member States to live up to their renewed commitment to sound budgetary policies and pledges to implement forcefully the reformed Growth and Stability Pact. The report shows that the average budget deficit in the euro area and in the EU25 improved slightly in 2004 after having deteriorated for three consecutive years. But this was largely the result of progress in new Member States. The situation of public finances needs to be dealt with resolutely to prevent debt ratios from increasing, also in view of looming ageing prospects, and to better use public resources to foster a higher growth potential. The main conclusions from the analysis presented in the 2005 Public Finances in EMU report are as follows: In spite of a reduction in deficits in the EU area, debt is increasing and sustainability of public finances is not ensured in many countries. This calls for a renewed attention to the evolution of the debt, including to stock flow adjustments, and to the quality of fiscal consolidations. There is an increasing discrepancy between Member States' budgetary plans and the actual results, which is due mostly to expenditure slippages. The answer to this must be well-designed medium-term expenditure frameworks at national level to help achieve a better control over expenditure. Structural reforms are key to increase growth potential, but may increase deficits in the short-term. However, this impact is in general quite small and depends on the type of reform. This evidence points in favour of considering structural reforms in the evaluation of budgetary policies but also of assessing them on a case-by-case basis when implementing the reformed Stability and Growth Pact. As in many other Member States, there is scope in the recently acceded Member States to manage their public finances in such a way to combine growth and stability objectives via restructured expenditure programmes, improved tax administration and strengthened fiscal governance.
Author:
Publisher:
ISBN: 9783844374605
Category :
Languages : en
Pages : 0
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Book Description
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN: 9789279083860
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This publication series appears six times a year, and contains important reports and communications from the Commission to the Council and the European Parliament on the economic situation and developments. In this report (ISBN 9789279112737), the Commission reviews EU enlargement in 2004/2007, concluding it was overall a success for the EU and its citizens. The EU added 12 new countries from central/eastern Europe and the Mediterranean in 2004 (Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia) and then again in 2007 (Romania and Bulgaria). This was the biggest EU enlargement ever and a historic step towards unifying Europe after decades of Cold War division.
Author: Mr.Francesco P. Mongelli
Publisher: International Monetary Fund
ISBN: 1451951272
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
