Microsoft Word - 00_Title_draft.doc
Box 2 - Belgium—The High Council of Finance Belgium established an “independent fiscal council” in 1989 in the context of a subs ...
Denmark’s Economic Council provides judgment on fiscal and structural policies and recommends changes.^18 Its analysis is based, ...
A number of countries have delegated the preparation of economic assumptions and projections underlying the budget to independen ...
Japan’s Fiscal System Council advises the finance minister on topics related to the budget and the government accounting system. ...
measures in the areas of fiscal structural reform (such as expenditure rationalization) and the government accounting and budget ...
the annual analysis of the President’s budget, including its reestimation using the CBO's economic and technical assumptions. Fu ...
FCs can have varied structures. They can range from a small group of academics to a full public agency with extensive technical ...
providing financial support to a country or is engaged in surveillance. Where it exists, a fiscal agency and the IMF could play ...
evidence suggests that FCs providing assessment generally contribute more to fiscal discipline than those limited to pure analys ...
Hallerberg, Mark, Rolf Strauch, and Jürgen von Hagen, 2001, “The Use and Effectiveness of Budgetary Rules and Norms in EU Member ...
DESIGN CHOICES FOR FISCAL POLICY RULES Barry Anderson and Joseph J. Minarik (OECD)∗ Paper completed: 2006 Fiscal deficits have r ...
challenging macroeconomic stabilisation policy. Over the longer term, large fiscal deficits can reduce domestically financed inv ...
Placing more focus on debt and sustainability in the surveillance of budgetary positions; Ensuring earlier actions to correct i ...
The paper then proceeds to analyse alternative fiscal control measures according to these and other criteria, such as the abilit ...
political viability. Because so much of the public benefit of fiscal responsibility comes through the behaviour of financial mar ...
The key characteristic of the second broad class of fiscal rules, expenditure rules (or “spending rules” for short), is that the ...
that assumption is incorrect; the linkage between the rule and the ultimate borrowing outcome is by no means exact. The US exper ...
Figure 2 - Uncertainty in CBO projection of the US budget deficit: Baseline -400 -200 0 200 400 600 800 1000 1200 1400 1990 1992 ...
SGP would present an economic forecast and programmes that would take their budget results “close to balance or in surplus” with ...
And finally, the policy measures needed to solve the problem would be no more palatable under a deficit rule. Whatever rule were ...
«
3
4
5
6
7
8
9
10
11
12
»
Free download pdf