An Approach to Long-Term Fiscal Policy Analysis:
This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach attempts to overcome the difficulties in evaluating economic trade-offs and social wel...
Gespeichert in:
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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. 04/113 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach attempts to overcome the difficulties in evaluating economic trade-offs and social welfare over extended periods. Long-term fiscal projections from the ""Intergenerational Report"" published as part of the Australian budget in May 2002 are used in a simple model of the Australian economy to illustrate some of the longer-term trade-offs that need to be considered in framing budgets over the medium term. These illustrative simulations, in particular, point out the importance of smoothing fiscal adjustment over time and, hence, the need for careful planning. Smoothing fiscal adjustment, however, raises a new set of questions regarding burden sharing across generations and what costs should be shared |
| Beschreibung: | 1 Online-Ressource (13 p) |
| ISBN: | 1451853734 9781451853735 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:29Z |
| indexdate | 2024-07-10T09:35:38Z |
| institution | BVB |
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| language | English |
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| series2 | IMF Working Papers |
| spelling | N'Diaye, Papa M'B. P. Verfasser aut An Approach to Long-Term Fiscal Policy Analysis N'Diaye, Papa M'B. P Washington, D.C International Monetary Fund 2004 1 Online-Ressource (13 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/113 This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach attempts to overcome the difficulties in evaluating economic trade-offs and social welfare over extended periods. Long-term fiscal projections from the ""Intergenerational Report"" published as part of the Australian budget in May 2002 are used in a simple model of the Australian economy to illustrate some of the longer-term trade-offs that need to be considered in framing budgets over the medium term. These illustrative simulations, in particular, point out the importance of smoothing fiscal adjustment over time and, hence, the need for careful planning. Smoothing fiscal adjustment, however, raises a new set of questions regarding burden sharing across generations and what costs should be shared Online-Ausg Dunaway, Steven Vincent Sonstige oth http://elibrary.imf.org/view/IMF001/00263-9781451853735/00263-9781451853735/00263-9781451853735.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | N'Diaye, Papa M'B. P. An Approach to Long-Term Fiscal Policy Analysis |
| title | An Approach to Long-Term Fiscal Policy Analysis |
| title_auth | An Approach to Long-Term Fiscal Policy Analysis |
| title_exact_search | An Approach to Long-Term Fiscal Policy Analysis |
| title_exact_search_txtP | An Approach to Long-Term Fiscal Policy Analysis |
| title_full | An Approach to Long-Term Fiscal Policy Analysis N'Diaye, Papa M'B. P |
| title_fullStr | An Approach to Long-Term Fiscal Policy Analysis N'Diaye, Papa M'B. P |
| title_full_unstemmed | An Approach to Long-Term Fiscal Policy Analysis N'Diaye, Papa M'B. P |
| title_short | An Approach to Long-Term Fiscal Policy Analysis |
| title_sort | an approach to long term fiscal policy analysis |
| url | http://elibrary.imf.org/view/IMF001/00263-9781451853735/00263-9781451853735/00263-9781451853735.xml |
| work_keys_str_mv | AT ndiayepapambp anapproachtolongtermfiscalpolicyanalysis AT dunawaystevenvincent anapproachtolongtermfiscalpolicyanalysis |