Fiscal Policy, Government Debt and Economic Performance:
This paper reviews fiscal policy, government indebtedness and its implications for economic performance in OECD countries. Government debt, expenditure and revenue relative to GDP have all risen significantly over the past 15 years and in several countries these trends are unsustainable. The macroec...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1994
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| Schriftenreihe: | OECD Economics Department Working Papers
no.144 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper reviews fiscal policy, government indebtedness and its implications for economic performance in OECD countries. Government debt, expenditure and revenue relative to GDP have all risen significantly over the past 15 years and in several countries these trends are unsustainable. The macroeconomic implications of high fiscal deficits and debt levels are considered and the paper finds that while monetary policy played a clear role in generating recovery, the effects of fiscal policy are more mixed. Looking forward, Member countries' plans for fiscal consolidation are ambitious, but if sustained economic growth is achieved, these plans are achievable. However, if growth is slower, then further fiscal consolidation efforts would be required to keep public debt under control. Finally, the paper considers ways of improving the control over expenditure and the budget process, so as to achieve better fiscal outcomes ... |
| Beschreibung: | 1 Online-Ressource (88 p.) 21 x 29.7cm. |
| DOI: | 10.1787/038702083230 |
Internformat
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| 520 | |a This paper reviews fiscal policy, government indebtedness and its implications for economic performance in OECD countries. Government debt, expenditure and revenue relative to GDP have all risen significantly over the past 15 years and in several countries these trends are unsustainable. The macroeconomic implications of high fiscal deficits and debt levels are considered and the paper finds that while monetary policy played a clear role in generating recovery, the effects of fiscal policy are more mixed. Looking forward, Member countries' plans for fiscal consolidation are ambitious, but if sustained economic growth is achieved, these plans are achievable. However, if growth is slower, then further fiscal consolidation efforts would be required to keep public debt under control. Finally, the paper considers ways of improving the control over expenditure and the budget process, so as to achieve better fiscal outcomes ... | ||
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| indexdate | 2024-11-26T14:56:00Z |
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| language | English |
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| publishDate | 1994 |
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| spelling | Leibfritz, Willi VerfasserIn aut Fiscal Policy, Government Debt and Economic Performance Willi, Leibfritz, Deborah, Roseveare and Paul, van den Noord Paris OECD Publishing 1994 1 Online-Ressource (88 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.144 This paper reviews fiscal policy, government indebtedness and its implications for economic performance in OECD countries. Government debt, expenditure and revenue relative to GDP have all risen significantly over the past 15 years and in several countries these trends are unsustainable. The macroeconomic implications of high fiscal deficits and debt levels are considered and the paper finds that while monetary policy played a clear role in generating recovery, the effects of fiscal policy are more mixed. Looking forward, Member countries' plans for fiscal consolidation are ambitious, but if sustained economic growth is achieved, these plans are achievable. However, if growth is slower, then further fiscal consolidation efforts would be required to keep public debt under control. Finally, the paper considers ways of improving the control over expenditure and the budget process, so as to achieve better fiscal outcomes ... Economics Roseveare, Deborah MitwirkendeR ctb van den Noord, Paul MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/038702083230 Volltext |
| spellingShingle | Leibfritz, Willi Fiscal Policy, Government Debt and Economic Performance Economics |
| title | Fiscal Policy, Government Debt and Economic Performance |
| title_auth | Fiscal Policy, Government Debt and Economic Performance |
| title_exact_search | Fiscal Policy, Government Debt and Economic Performance |
| title_full | Fiscal Policy, Government Debt and Economic Performance Willi, Leibfritz, Deborah, Roseveare and Paul, van den Noord |
| title_fullStr | Fiscal Policy, Government Debt and Economic Performance Willi, Leibfritz, Deborah, Roseveare and Paul, van den Noord |
| title_full_unstemmed | Fiscal Policy, Government Debt and Economic Performance Willi, Leibfritz, Deborah, Roseveare and Paul, van den Noord |
| title_short | Fiscal Policy, Government Debt and Economic Performance |
| title_sort | fiscal policy government debt and economic performance |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/038702083230 |
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