The Resource Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU, Paul van den Noord and Boris Cournède, (electronic resource)

Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU, Paul van den Noord and Boris Cournède, (electronic resource)

Label
Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU
Title
Short-Term Pain for Long-Term Gain
Title remainder
The Impact of Structural Reform on Fiscal of Outcomes in EMU
Statement of responsibility
Paul van den Noord and Boris Cournède
Creator
Contributor
Subject
Language
eng
Summary
The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit temporarily breach the 3% rule to finance the immediate budgetary cost of structural reform, such as compensation schemes to offset redistributive effects. Against this backdrop, it is useful to dispose of empirical estimates of the effect of structural reform on fiscal outcomes, not only the short term cost but also the long-run fiscal gain stemming from changes in spending parameters and better economic performance. Based on econometric estimates for a pool of 21 OECD countries, this study finds a significant net fiscal gain of structural reform
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Noord, Paul van den
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Cournede, Boris
Series statement
OECD Economics Department Working Papers,
Series volume
no.522
http://library.link/vocab/subjectName
  • Economics
  • Euro Area
Label
Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU, Paul van den Noord and Boris Cournède, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762087369
Dimensions
21 x 30 cm
Extent
1 online resource 18 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/412188318674
Specific material designation
remote
System control number
(OCoLC)762087369
Label
Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU, Paul van den Noord and Boris Cournède, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762087369
Dimensions
21 x 30 cm
Extent
1 online resource 18 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/412188318674
Specific material designation
remote
System control number
(OCoLC)762087369

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