Reforming fiscal governance in the European Union /:
Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been...
Gespeichert in:
| Körperschaften: | , , |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
|
| Schriftenreihe: | IMF staff discussion note ;
SDN/15/9. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor. |
| Beschreibung: | "Michal Andrle, John C Bluedorn, Luc Eyraud, Tidiane Kinda, Petya Koeva Brooks, Gerd Schwartz, and Anke Weber." "May 2015." "European Department in collaboration with the Fiscal Affairs and Research Departments"--Page 2 of pdf. |
| Beschreibung: | 1 online resource (28 pages) : color illustrations. |
| Bibliographie: | Includes bibliographical references (pages 26-28). |
| ISBN: | 151358586X 9781513585864 1513510029 9781513510026 9781513584119 1513584111 |
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| 500 | |a "European Department in collaboration with the Fiscal Affairs and Research Departments"--Page 2 of pdf. | ||
| 504 | |a Includes bibliographical references (pages 26-28). | ||
| 520 | 3 | |a Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor. | |
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| id | ZDB-4-EBU-ocn911044616 |
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| indexdate | 2024-11-26T14:49:19Z |
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| isbn | 151358586X 9781513585864 1513510029 9781513510026 9781513584119 1513584111 |
| language | English |
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| series | IMF staff discussion note ; |
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| spelling | Reforming fiscal governance in the European Union / Michal Andrle [and others]. [Washington, D.C.] : International Monetary Fund, ©2015. 1 online resource (28 pages) : color illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF staff discussion note ; SDN/15/9 "Michal Andrle, John C Bluedorn, Luc Eyraud, Tidiane Kinda, Petya Koeva Brooks, Gerd Schwartz, and Anke Weber." "May 2015." "European Department in collaboration with the Fiscal Affairs and Research Departments"--Page 2 of pdf. Includes bibliographical references (pages 26-28). Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor. Online resource; title from PDF title page (IMF Web site, viewed June 15, 2015). Economic and Monetary Union. http://id.loc.gov/authorities/names/no98066087 Economic and Monetary Union fast Fiscal policy European Union countries. Politique fiscale Pays de l'Union européenne. Fiscal policy fast European Union countries fast Andrle, Michal. International Monetary Fund. European Department. http://id.loc.gov/authorities/names/n86100166 International Monetary Fund. Fiscal Affairs Department. http://id.loc.gov/authorities/names/n81027435 International Monetary Fund. Research Department. http://id.loc.gov/authorities/names/n77001219 1498338283 1513584111 IMF staff discussion note ; SDN/15/9. http://id.loc.gov/authorities/names/no2011013696 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254435 Volltext |
| spellingShingle | Reforming fiscal governance in the European Union / IMF staff discussion note ; Economic and Monetary Union. http://id.loc.gov/authorities/names/no98066087 Economic and Monetary Union fast Fiscal policy European Union countries. Politique fiscale Pays de l'Union européenne. Fiscal policy fast |
| subject_GND | http://id.loc.gov/authorities/names/no98066087 |
| title | Reforming fiscal governance in the European Union / |
| title_auth | Reforming fiscal governance in the European Union / |
| title_exact_search | Reforming fiscal governance in the European Union / |
| title_full | Reforming fiscal governance in the European Union / Michal Andrle [and others]. |
| title_fullStr | Reforming fiscal governance in the European Union / Michal Andrle [and others]. |
| title_full_unstemmed | Reforming fiscal governance in the European Union / Michal Andrle [and others]. |
| title_short | Reforming fiscal governance in the European Union / |
| title_sort | reforming fiscal governance in the european union |
| topic | Economic and Monetary Union. http://id.loc.gov/authorities/names/no98066087 Economic and Monetary Union fast Fiscal policy European Union countries. Politique fiscale Pays de l'Union européenne. Fiscal policy fast |
| topic_facet | Economic and Monetary Union. Economic and Monetary Union Fiscal policy European Union countries. Politique fiscale Pays de l'Union européenne. Fiscal policy European Union countries |
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