| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7289 |
| DP7289 The Effect of Low-Wage Subsidies on Skills and Employment | |
| Dennis Snower; Frank Oskamp | |
| 发表日期 | 2009-05-03 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Using real-time data from Europe's Stability and Convergence Programs, we explore how fiscal plans and their implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned adjustment and this shortfall increases with the projection horizon, (2) variability in the eventual fiscal outcomes is dominated by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock-flow adjustments are more important when plans are more ambitious, and (5), most importantly, both the ambition in fiscal plans and their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans for the eventual fiscal outcomes. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Planning Implementation Real-time data Eu Fiscal rules Medium-term budgetary framework |
| URL | https://cepr.org/publications/dp7289 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536126 |
| 推荐引用方式 GB/T 7714 | Dennis Snower,Frank Oskamp. DP7289 The Effect of Low-Wage Subsidies on Skills and Employment. 2009. |
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