Constraints on Fiscal Adjustments During Economic Reforms in

This paper first gives a summary background to recent economic developments in Viet Nam leading up to the 1989-90 reforms.

Fiscal policy under constraints: Fiscal capacity and austerity during ...

33 The US yield is a natural choice as the baseline because the country's economic might and high level of financial development contributed to ...

Constraints and demands on public finances - OECD iLibrary

These reforms alleviate the fiscal pressures mostly through their impact on GDP per capita, which ... discretionary changes in the fiscal policy ...

Macroeconomic effects of fiscal adjustment: A tale of two approaches

Using this new definition, we find that fiscal adjustments always have contractionary effects on economic activity in the short term; we find no evidence of ...

FISCAL ADJUSTMENTS IN OECD COUNTRIES: COMPOSITION ...

statistical evidence is necessary to disentangle various charnels through which fiscal adjustments can influence the economy. ... Economic. Reforms,” American ...

Are Budget Rigidities a Source of Fiscal Distress and a Constraint ...

... budget rigidities not only during periods of fiscal adjustment ... “The Persistence of Fiscal. Adjustments in Developing Countries.” Applied Economic Letters: ...

The Design of Fiscal Adjustments | Tax Policy and the Economy

Second, expenditure-based fiscal adjustments are correlated with smaller recessions than tax-based fiscal adjustments. In some cases, during and in the ...

restructuring a fiscal policy encourages economic growth – a case of ...

KEYWORDS: Fiscal adjustment, tax policies, domestic and foreign debt, ... the government established a long-term goal through investment and tax reform.

The design of fiscal adjustments - European Central Bank

reforms have via the supply side of the economy. In some cases ... nels through which fiscal adjustments affect the economy in this paper, we have.

DEBT REDUCTION, FISCAL ADJUSTMENT, AND GROWTH IN ...

It shows that expenditure-based, front-loaded fiscal adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that ...

Large Changes in Fiscal Policy: Taxes Versus Spending Alberto F ...

The uncertainty about the size of fiscal multipliers make this discussion even less constrained by solid economic arguments. Thus we cannot offer new measures ...

The “Three Reforms” in China: Progress and Outlook

The government was forced to establish financial policies and exercise macro-level controls, while state-owned banks were required to provide support to leading ...

Financial Report of the United States Government - Management

... changes in projected social insurance amounts during 2023 and 2022. ... The annual percentage change in the average OASDI covered wage, adjusted ...

The output effect of fiscal consolidation plans - Harvard University

explained by supply side reforms. 37. Page 38. 7 Conclusions. The main result of this paper is that while tax-based adjustments are asso- ciated with deep and ...

Income Limits - HUD User

While we recognize that property owners are under financial pressure given recent increases in both development and operating costs, the 10 percent “cap on ...

Rigidities and fiscal space - CEPAL

It is also possible to consider that “during an economic slowdown, when there is a drop in tax ... through fiscal adjustments, with the expectation that they will ...

Fiscal constraints, collection costs, and trade policies

revenue requirement changes the economies face, both the error term and the govern- ... Are economic crises necessary for trade liberalization and fiscal reform?

The implications of the European Union's new fiscal rules - Bruegel

Public expenditures net of changes to tax policy are a far better target for fiscal policy than the deficit, since they are under the control of ...

Lessons of Fiscal Adjustment - | Independent Evaluation Group

... fiscal adjustments in. Organization for Economic Cooperation of Development (OECD) countries successful. ... Shah responded: While discussing the political ...

Fiscal Constraints and Economic Development: Policy Options in ...

In the face of severe fiscal situations with persistent deficits and unsustainable public debt, therefore, restoring sustainable fiscal ...