26-May-2010
English, , 586kb
Special Chapter from Economic Outlook 87, May 2010
26-May-2010
English
This paper examines the effects of fiscal policy on output in the euro area.
11-May-2010
English
Further fiscal easing in late 2008 and early 2009 contributed to a markedly widening fiscal deficit in 2010. A newly enacted fiscal rule will help bring public finances back to a sustainable path, as discussed in this working paper.
20-April-2010
English
In 2008, the Czech government implemented a major overhaul of the personal income tax (PIT), replacing the previous progressive rate schedule with a single 15% rate levied on an enlarged base.
26-March-2010
English
Past consolidation has allowed the automatic stabilisers operate fully during the crisis. Further fiscal easing in late 2008 and early 2009 contributed to a markedly widening fiscal deficit in 2010.
23-March-2010
English
The global crisis has resulted in a sharp increase in government indebtedness in many G20 countries. Comprehensive fiscal consolidation strategies are therefore needed to preserve market confidence and pave the way for stronger, more balanced growth in the years to come.
23-March-2010
English, , 175kb
The global crisis has resulted in a sharp increase in government indebtedness in many G20 countries. Comprehensive fiscal consolidation strategies are therefore needed to preserve market confidence and pave the way for stronger, more balanced growth in the years to come.
22-February-2010
English
Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to their limits and deploying a wide range of unconventional measures.
22-February-2010
English
The world is recovering from the worst crisis since the Great Depression, leaving a strong and lasting impact on Member countries’ public finances. This paper analyses how sub-central governments are affected and how fiscal policy has reacted in the first months after the outbreak of the crisis.
10-February-2010
English, PDF, 155kb
This chapter assesses recent cross-country patterns in intergenerational social mobility and examines the role that public policies play in affecting mobility.