Germany : Staff Report for the 2000 Article IV Consultation.

Fiscal policy has a strong foundation in the multiyear program of spending cuts, tax reforms, and deficit reduction in Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering fiscal policy procyclical. The recent business and...

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Autor corporatiu: International Monetary Fund
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2000.
Col·lecció:IMF Staff Country Reports; Country Report ; No. 2000/141
Accés en línia:Full text available on IMF
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Sumari:Fiscal policy has a strong foundation in the multiyear program of spending cuts, tax reforms, and deficit reduction in Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering fiscal policy procyclical. The recent business and personal income tax reforms, pension reform, and product market reforms is commendable. But the potential benefits of these diverse reforms require a more proactive approach to labor market reform. The longer-term efficiency and functioning of the financial sector pose challenging issues.
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Descripció física:1 online resource (45 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students