Fiscal Adjustment in EU Countries

Released on by Mr.Kenji Moriyama
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  • Fiscal Adjustment in EU Countries Book Detail

  • Author : Mr.Kenji Moriyama
  • Release Date : 2004-08-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 27
  • ISBN 13 : 1451856377
  • File Size : 23,23 MB
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Fiscal Adjustment in EU Countries by Mr.Kenji Moriyama PDF Summary

Book Description: Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels.

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