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Germany In An Interconnected World Economy
  • Language: en
  • Pages: 280

Germany In An Interconnected World Economy

Germany has been a central player in discussions on the future architecture of Europe, and has been called on to play a larger role in supporting global and, especially, European recovery from the financial crisis that triggered the Great Recession. This book focuses on the possible economic role of Germany and shows that the quantitative effects of a German fiscal stimulus would be small on the heavily indebted euro area periphery countries that most need the boost. The book finds that Germany itself faces a growth challenge and that efforts to raise its own growth potential are important for Germany, and that more rapid growth of domestic demand will more powerfully stimulate European economic growth through its expanded demand for imports.

Public Budgeting in Context
  • Language: en
  • Pages: 469

Public Budgeting in Context

Public budgeting structure, process, legal framework and policy with examples from industrialized and developing countries Public Budgeting in Context examines budgeting at all levels of U.S. government—federal, state, and local—and in a sample of governments around the world. The book assesses the context of public budgeting in these governments, especially the legal foundations for its practice and how the process and final budgets are impacted by governance structures, laws, various budget actors and different branches of government. The author presents focused attention on the influences on government budgets of the executive, legislative and judicial branches of government, the bure...

The Quality of Public Finances
  • Language: en
  • Pages: 500

The Quality of Public Finances

  • Type: Book
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  • Published: 2008
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  • Publisher: Unknown

Improving the quality of public finances has become a key policy challenge for European policy makers. While maintaining sound budget positions remains the linchpin of the European Union's fiscal framework, rising pressures from globalisation and ageing populations are calling to improve also the qualitative aspects of fiscal policy with a view to supporting economic growth. This includes to better target public resources, raise the efficiency of public spending, modernise public finance institutions and budget administration, create supportive fiscal frameworks and establish efficient and growth-enhancing revenue systems. The need for such a comprehensive approach to strengthen public finances is laid out in this collection of papers prepared by the EPC Working Group on the Quality of Public Finances between 2004 and 2007. It also highlights the challenges that come along with policy implementation by drawing on a number of country case studies.

Investing in Climate, Investing in Growth
  • Language: en
  • Pages: 314

Investing in Climate, Investing in Growth

This report provides an assessment of how governments can generate inclusive economic growth in the short term, while making progress towards climate goals to secure sustainable long-term growth. It describes the development pathways required to meet the Paris Agreement objectives.

Does Fiscal Decentralisation Foster Regional Convergence?
  • Language: en
  • Pages: 20

Does Fiscal Decentralisation Foster Regional Convergence?

  • Type: Book
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  • Published: 2016
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  • Publisher: Unknown

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Rethinking Fiscal Policy after the Crisis
  • Language: en
  • Pages: 615

Rethinking Fiscal Policy after the Crisis

After the financial crisis, what important lessons can we learn from fiscal policy? This book provides an answer to this question.

The Economics of Catalan Separatism
  • Language: en
  • Pages: 340

The Economics of Catalan Separatism

This book analyses the economic consequences of the regional government of Catalonia's challenge to democracy and the rule of law in Spain. This process, started in 2010, culminated in a coup d'état in the autumn of 2017. The book has three parts. First: The circumstances behind the challenge: economic structure, social and political aspects. Second: The economic impacts of the resulting huge political instability and social polarisation, and the downturn in GDP, investment, competitiveness, Barcelona's appeal, and flight of companies and banks to Madrid. Third: Independence would mean collapse of trade with the rest of Spain and the EU, expulsion from the eurozone, fall of GDP, plummeting tax revenue, soaring unemployment and, finally, conversion of this hypothetical new Catalonia into a failed, vassal and totalitarian state. This book is destined to be the foremost work of reference on the consequences of the separatist threat to Spain, including Catalonia's current decline.

The Future of Productivity
  • Language: en
  • Pages: 123

The Future of Productivity

This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

Public Debts: Nuts, Bolts and Worries
  • Language: en
  • Pages: 104

Public Debts: Nuts, Bolts and Worries

  • Type: Book
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  • Published: 2011
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  • Publisher: CEPR

"The importance of fiscal discipline for developed countries has long been ignored or minimized, because they seem able to borrow and to keep borrowing for decades. The crisis has shown that discipline may be slow to assert itself, but has acutely painful consequences when it does. This 13th Geneva Report on the World Economy is devoted to fiscal policy reforms in the US, Europe and Japan. It offers a common political-economy framework to diagnose the need for fiscal consolidation and proposes institutional solutions rooted in that diagnosis. It includes a detailed analysis of how we got to the current situation, as well as a look at the very long run, when demographic factors already in pla...