2 edition of Fiscal sustainability found in the catalog.
Banca d"Italia. Servizio studi.
Earlier versions of the essays in this volume were presented at the Banca d"Italia workshop on fiscal sustainability held in Perugia, SADIBA, on 20-22 January 2000.
|Statement||Banca D"Italia, Research Department Public Finance Workshop.|
|The Physical Object|
|Number of Pages||748|
The book also examines how the federal budget process could be revised to be more far sighted and to hold leaders accountable for responsible stewardship of the nation's fiscal future. Choosing the Nation's Fiscal Future will provide readers with a practical framework to assess budget proposals for their consistency with long-term fiscal stability. 2. Fiscal sustainability hypothesis. An approach to fiscal sustainability can be presented as follows, called the Government Budget Identity (GBI): 11 (1) G t + (1 + r t) D e b t t − 1 = R t + D e b t t, where G t is the level of government primary expenditure, r t is the interest rate, R t is the level of government revenue, and D e b t t is Cited by: 9.
is a platform for academics to share research papers. The use of the deficit to assess fiscal sustainability is not simply a matter of habit. It was enshrined in the Fiscal Responsibility Act of the European Monetary Union ’s (EMU) Maastrict Treaty. This act limits entry to the union to countries whose deficits are less than 3 percent of GDP and imposes hypothetical penalties on EMU member.
Although the term fiscal sustainability can be defined in various ways, it almost always refers to the fiscal policies of a government. Therefore, a sustainable fiscal policy is generally defined as 1 Notable examples over the past decade have been the . Thiscollection is the first book-length analysis of the theoretical foundations of public debtsustainability concepts and their application to the empirical study of actual budgetary ions for public debt sustainability are derived and applied to various institutionalenvironments. The Welfare State and Strategies toward Fiscal.
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Fiscal sustainability analysis is the use of a simple set of tools to analyze a government's budget and its debt position, and leads to conclusions - given the government's debt level - about the appropriateness of fiscal policy. Many economists are familiar with fiscal sustainability analysis, but there is no single reference work that explains it.5/5(1).
Fiscal sustainability analysis is the use of a simple Fiscal sustainability book of tools to analyze a government's budget and its debt position, and leads to conclusions - given the government's debt level - about the appropriateness of fiscal policy.
Many economists are familiar with fiscal sustainability analysis, but there is no single reference work that explains it. Book Description Uncertain Demographics and Fiscal Sustainability, first published inaddresses the economic consequences of uncertainty Fiscal sustainability book, with particular reference to European economies, explores the impact of demographic risks on public finances, including pension systems, health care and old-age care expenditures.
Assessing Sustainability: Basic Considerations. Extensions of the basic formulas. Impact of non-debt-creating inflows. Taking account of uncertainty in forecasts.
Other factors to consider when assessing sustainability. Analysis of Fiscal Solvency. Sustainability: Going Beyond the Basics “Stress testing” public debt. Fiscal vulnerability. The handbook is organized around three themes: (i) basic theory and tools for everyday use, (ii) the effects of business cycles on public finance and the role of fiscal rules, and (iii) crises and their impact on fiscal sustainability.
Fiscal Sustainability: A 21st Century Guide for the Perplexed Prepared by Evan Tanner1 Authorized for distribution by Jorge Roldós April This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily.
The Fiscal Theory and Policy Messages 4 Uncertainty 5 Conclusion Notes References Chapter 3 Some Tools for Fiscal Sustainability Analysis Craig Burnside 1 The Long-Run Fiscal Sustainability Condition An Example 2 Achieving a Target Debt Level A Modified Example 3 Formal Statistical Tests 4 Debt Dynamics Theoretical Background.
The Commission fiscal (debt) sustainability analysis critically contributes to the monitoring and coordination of Member States’ fiscal policies, as well as of the aggregate fiscal stance for the EA. Coordination of national fiscal policies in accordance with the common fiscal rules is essential for the proper functioning of the EU/EA.
Title: Assessing Fiscal Sustainability in Theory and Practice - WP/00/81 Created Date: 5/15/ AM. After reviewing the impact of financial cycles on fiscal positions, we offer a new tool to estimate cyclically adjusted balances, illustrate its performance, explore its strengths and weaknesses, and sketch out a way forward to measuring sustainability in a more holistic way.
JEL classification: H30, H62, E44, E52, E60Cited by: 5. Fiscal policy, public debt and monetary policy in EMEs: an overview M 1S Mohanty 1.
Introduction During the s and s, the vulnerability of EMEs to shocks was often exacerbated by high fiscal deficits, underdeveloped domestic bond markets, and largecurrency and maturity mismatches.
Fiscal sustainability analysis in this context, therefore, considers the revenue side of the budget as well as the expenditure obligations. On the revenue side, the study highlights that fiscal authorities in South Africa continue to rely on income, profit and wealth taxes as they account for a larger share of government revenue compared to Author: Samuel Sangawulo Jibao.
title = "Essays on Pensions and Fiscal Sustainability", abstract = "This thesis is a volume comprised of four independent chapters: The overarching topic of the thesis is pensions and fiscal sustainability.
An overriding problematic throughout the different chapters is that of demographic : Filipe Vieira. Fiscal Sustainability in Theory and Practice: A Handbook, Volume Fiscal sustainability analysis is the use of a simple set of tools to analyze a government's budget and its debt position, and leads to conclusions - given the government's debt level - about the appropriateness of 5/5(1).
He is the author of many books, monographs, articles, and book chapters in the areas of federalism, legislative politics, and public policy making. Conlan’s book, New Federalism: Intergovernmental Reform from Nixon to Reagan, received the “Martha Derthick Book Award” from the Section on Federalism and Intergovernmental Relations of.
Fiscal Sustainability Plan Certification Form. (Pursuant to Section (d)(1)(E)(i) of the Federal Water Pollution Control Act) (To be submitted prior to final disbursement of Participant’s loan proceeds related to the project) Participant Name Street Address P.
Downloadable. The purpose of this study is to identify government policy regimes or structural breaks as indicated by significant changes in debt to GDP ratio and to identify fiscal sustainability in Indonesia from to Using Fiscal Reaction Functions framework and Smooth Transition Regression, the study found two structural breaks following the three : Ivantia S.
Mokoginta, Ria Marisa Stephanie. Fiscal sustainability Government at a Glance Government at a Glance provides readers with a dashboard of key indicators assembled with the goal of contributing to the analysis and international comparison of public sector performance.
The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of.
Public finance solvency and sustainability are the main concepts used in public debt management and debt portfolio management reference to the dynamic financial estimation and analysis of the relationship between debt and selected fiscal resource aggregate.
Fiscal Sustainability in Theory and Practice: Introduction Craig Burnside∗ November (ﬁnal revision) As its title suggests, this book is intended as an introduction to the theory of ﬁscal sus-tainability and the practice of ﬁscal sustainability assessment.
In this introductory chapter I describe the origins of the book, its.Fiscal sustainability, or public finance sustainability, is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening government solvency or defaulting on some of its liabilities or promised expenditures.
There is no consensus among economists on a precise operational definition for fiscal sustainability, rather different studies .The Future of Oil and Fiscal Sustainability in the GCC Region The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil.