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<図書>
Rules-Based fiscal policy in France, Germany, Italy, and Spain

責任表示 Teresa Dabán ... [et al.]
シリーズ Occasional paper / International Monetary Fund ; 225
データ種別 図書
出版情報 Washington, D.C. : International Monetary Fund , 2003
本文言語 英語
大きさ v, 46 p. : ill. ; 28 cm
概要 In recent decades, France, Germany, Italy, and Spainùalong with most industrial countriesùwitnessed a sharp rise in the size of government and a large accumulation of public debt. While the latter tre...d began to reverse under the constraints imposed by the Maastricht Treaty and the Stability and Growth Pact, public expenditure and debt remain high by international standards. These are well-recognized sources of concern to policymakers, especially as the rapid aging of the population increases spending on pensions and health care while reducing the labor force and therefore economic growth and the tax base. In practice, reducing public spending and government debt is politically difficult because the process inevitably leaves some groups worse off.1 To overcome these difficulties, an increasing number of countries have adopted formal fiscal rules, such as balanced-budget rules or multiyear frameworks that limit discretionary fiscal policy.2 The proponents of rules argue that the commitment to a medium-term plan for public finances makes it easier for fiscal authorities to withstand pressures for higher spending and delayed fiscal adjustment. Critics highlight that rules may constrain the ability of governments to run countercyclical fiscal policy and express skepticism on the effectiveness of rules, because of the scope left for creative accounting. This paper studies the design of fiscal rules and frameworks, with particular reference to France, Germany, Italy, and Spain. In different ways, these countries face substantial public finance challenges over the next decade: high levels of outstanding public debt (Italy in particular), the consequences of a rapidly aging population for future social spending, and the need to ensure adequate scope for reduction of the still-high tax burden while maintaining an adequate level of public sector capital spending. 続きを見る

所蔵情報



中央図 4C_139‐163,166 [経済 統計資料] 3IMF/O.P./225 2003
017222003002187

書誌詳細

一般注記 Includes bibliographical references
著者標目 Dabán Sánchez, Teresa
International Monetary Fund
件 名 LCSH:Fiscal policy -- France  全ての件名で検索
LCSH:Fiscal policy -- Germany  全ての件名で検索
LCSH:Fiscal policy -- Italy  全ての件名で検索
LCSH:Fiscal policy -- Spain  全ての件名で検索
書誌ID 1001148149
ISBN 1589062167
NCID BA65209717
巻冊次 ISBN:1589062167
登録日 2009.09.17
更新日 2009.09.17