Fiscal Adjustment in Eu Countries: A Balance Sheet Approach
Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to whi...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2004
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Schriftenreihe: | IMF Working Papers
Working Paper No. 04/143 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels |
Beschreibung: | 1 Online-Ressource (25 p) |
ISBN: | 1451856377 9781451856378 |
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spelling | Moriyama, Kenji Verfasser aut Fiscal Adjustment in Eu Countries A Balance Sheet Approach Moriyama, Kenji Washington, D.C International Monetary Fund 2004 1 Online-Ressource (25 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/143 Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels Online-Ausg Milesi-Ferretti, Gian-Maria Sonstige oth http://elibrary.imf.org/view/IMF001/02458-9781451856378/02458-9781451856378/02458-9781451856378.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Moriyama, Kenji Fiscal Adjustment in Eu Countries A Balance Sheet Approach |
title | Fiscal Adjustment in Eu Countries A Balance Sheet Approach |
title_auth | Fiscal Adjustment in Eu Countries A Balance Sheet Approach |
title_exact_search | Fiscal Adjustment in Eu Countries A Balance Sheet Approach |
title_exact_search_txtP | Fiscal Adjustment in Eu Countries A Balance Sheet Approach |
title_full | Fiscal Adjustment in Eu Countries A Balance Sheet Approach Moriyama, Kenji |
title_fullStr | Fiscal Adjustment in Eu Countries A Balance Sheet Approach Moriyama, Kenji |
title_full_unstemmed | Fiscal Adjustment in Eu Countries A Balance Sheet Approach Moriyama, Kenji |
title_short | Fiscal Adjustment in Eu Countries |
title_sort | fiscal adjustment in eu countries a balance sheet approach |
title_sub | A Balance Sheet Approach |
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