Tax Reform and Debt Sustainability in Germany: An Assessment Using the Global Fiscal Model
In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF's Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest, l...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 07/46 |
| Online-Zugang: | BSB01 FAN01 FHA01 FKE01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext |
| Zusammenfassung: | In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF's Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The reform will improve the long-term debt path but achieving fiscal sustainability requires further adjustment over the medium term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to other adjustment options. Spillover effects to trading partners of these policies are modest |
| Beschreibung: | 1 Online-Ressource (30 p) |
| ISBN: | 1451866100 9781451866100 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:32Z |
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| spelling | Botman, Dennis P. J. 1972- Verfasser (DE-588)171782836 aut Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model Botman, Dennis P. J Washington, D.C International Monetary Fund 2007 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/46 In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF's Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The reform will improve the long-term debt path but achieving fiscal sustainability requires further adjustment over the medium term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to other adjustment options. Spillover effects to trading partners of these policies are modest Online-Ausg Danninger, Stephan Sonstige oth http://elibrary.imf.org/view/IMF001/06722-9781451866100/06722-9781451866100/06722-9781451866100.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Botman, Dennis P. J. 1972- Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model |
| title | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model |
| title_auth | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model |
| title_exact_search | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model |
| title_exact_search_txtP | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model |
| title_full | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model Botman, Dennis P. J |
| title_fullStr | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model Botman, Dennis P. J |
| title_full_unstemmed | Tax Reform and Debt Sustainability in Germany An Assessment Using the Global Fiscal Model Botman, Dennis P. J |
| title_short | Tax Reform and Debt Sustainability in Germany |
| title_sort | tax reform and debt sustainability in germany an assessment using the global fiscal model |
| title_sub | An Assessment Using the Global Fiscal Model |
| url | http://elibrary.imf.org/view/IMF001/06722-9781451866100/06722-9781451866100/06722-9781451866100.xml |
| work_keys_str_mv | AT botmandennispj taxreformanddebtsustainabilityingermanyanassessmentusingtheglobalfiscalmodel AT danningerstephan taxreformanddebtsustainabilityingermanyanassessmentusingtheglobalfiscalmodel |