Reforming Fiscal Governance in the European Union

Reforming Fiscal Governance in the European Union
Author :
Publisher : International Monetary Fund
Total Pages : 28
Release :
ISBN-10 : 9781513510026
ISBN-13 : 1513510029
Rating : 4/5 (26 Downloads)

Book Synopsis Reforming Fiscal Governance in the European Union by : Michal Andrle

Download or read book Reforming Fiscal Governance in the European Union written by Michal Andrle and published by International Monetary Fund. This book was released on 2015-05-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Reforming Fiscal Governance in the European Union Related Books

Reforming Fiscal Governance in the European Union
Language: en
Pages: 28
Authors: Michal Andrle
Categories: Business & Economics
Type: BOOK - Published: 2015-05-21 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current syst
Reforming Fiscal Governance in the European Union
Language: en
Pages: 28
Authors:
Categories: Fiscal policy
Type: BOOK - Published: 2015 - Publisher:

DOWNLOAD EBOOK

Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system
Safeguarding the Euro in Times of Crisis
Language: en
Pages: 419
Authors:
Categories:
Type: BOOK - Published: 2019 - Publisher:

DOWNLOAD EBOOK

This book tells the inside story of those who played key roles in setting up the organisations and combatting the crisis. In exclusive interviews, global financ
Playing by the Rules
Language: en
Pages: 50
Authors: Luc Eyraud
Categories: Business & Economics
Type: BOOK - Published: 2015-03-24 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The paper contributes to the discussions on fiscal governance in Europe. It takes stock of recent reforms, identifies areas for further progress, and discusses
National Fiscal Governance Reforms Across EU Member States
Language: en
Pages: 72
Authors: Joaquim Ayuso-i-Casals
Categories: Budget
Type: BOOK - Published: 2010 - Publisher:

DOWNLOAD EBOOK

Recoge: Overview of the information contained in the 2009-2010 SCPs - Type of measures according to the main elements of domestic frameworks - The assessment of