Reforming Fiscal Governance in the European Union PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Reforming Fiscal Governance in the European Union PDF full book. Access full book title Reforming Fiscal Governance in the European Union by Michal Andrle. Download full books in PDF and EPUB format.
Author: Michal Andrle
Publisher: International Monetary Fund
ISBN: 1513510029
Category : Business & Economics
Languages : en
Pages : 28
Get Book Here
Book Description
Successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor.
Author: Michal Andrle
Publisher: International Monetary Fund
ISBN: 1513510029
Category : Business & Economics
Languages : en
Pages : 28
Get Book Here
Book Description
Successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor.
Author: Michal Andrle
Publisher: International Monetary Fund
ISBN: 1498338283
Category : Business & Economics
Languages : en
Pages : 28
Get Book Here
Book Description
Successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor.
Author: Stephen Pickford
Publisher: Chatham House
ISBN: 9781784130138
Category : Business & Economics
Languages : en
Pages : 56
Get Book Here
Book Description
The global economic and financial crisis that started in 2007 exposed serious flaws in the euro's original design. This report examines why Europe's economic and monetary union was so badly affected by the crisis, and assesses whether further changes need to be made to the structure of economic governance that underpins it. A Chatham House, Elcano and AREL Report
Author: Mark Hallerberg
Publisher: Cambridge University Press
ISBN: 0521857465
Category : Business & Economics
Languages : en
Pages : 247
Get Book Here
Book Description
Based on data from European Union countries, this book presents a theoretical framework to discuss how governments coordinate budgeting decisions.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455209457
Category : Business & Economics
Languages : en
Pages : 27
Get Book Here
Book Description
This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.
Author: J. Ayuso-i-Casals
Publisher: Springer
ISBN: 0230271790
Category : Business & Economics
Languages : en
Pages : 367
Get Book Here
Book Description
This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy. Contributors are leading experts.
Author: Lorenzo Bini Smaghi
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 86
Get Book Here
Book Description
Author: Luc Eyraud
Publisher: International Monetary Fund
ISBN: 1484350685
Category : Business & Economics
Languages : en
Pages : 132
Get Book Here
Book Description
Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog
Author:
Publisher:
ISBN: 9781513585864
Category : Fiscal policy
Languages : en
Pages : 28
Get Book Here
Book Description
Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor.
Author: Jesus Ferreiro
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
Get Book Here
Book Description
"This book offers a comprehensive analysis of current national fiscal policies in the European Union and European Monetary Union, and provides insights into the consequences of these fiscal policies on economic activity. With contributions from a range of experts, the book focuses on the coordination problems between the single monetary policy and national fiscal policies, and the negative impact on the capacity of fiscal policy to correct short-term economic fluctuations and to accelerate economic growth in the long-term in European economies. This book is an essential read for all interested in the role of fiscal policy in the European Union."--BOOK JACKET.
