UID:
edocfu_9958097189602883
Format:
1 online resource (22 p.)
ISBN:
1-4843-3279-2
,
1-4843-1384-4
,
1-4843-6542-9
Series Statement:
IMF Staff Country Reports
Content:
This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded adjustment. However, the fiscal framework could be improved to increase transparency, predictability, and credibility of policy and minimize the procyclical bias. This could be achieved by incorporating, among other things, a simple and credible rule with a medium-term fiscal anchor set in structural terms.
Note:
Description based upon print version of record.
,
Cover; CONTENTS; THE FISCAL STRENGTH OF THE CZECH REPUBLIC; A. Fiscal Policy in the Czech Republic; FIGURES; 1. Fiscal Policy in the Czech Republic: 2000-12; 2. Fiscal Consolidation and VAT Reform; TABLES; 1. Impact on VAT Revenue of Policy and Administration Improvements in 2010; 2. Czech Republic: Fiscal Multipliers; 3. Fiscal Policy and Growth; B. Strength of Fiscal Policy; 3. Advanced Economies: Fiscal Indicators in 2012; 4. Long-Term Spending Pressures; 5: Czech Republic Public Sector Debt Sustainability Framework, 2008-2018; 4. Public Debt Sustainability: Bound Tests
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5. Overall Fiscal Balance and Current Account BalanceC. Conclusion; 6. Private Sector Debt; References; APPENDIX; I. Framework for Assessing Sovereing Risks
,
English
Additional Edition:
ISBN 1-4843-1756-4
Additional Edition:
ISBN 1-299-84352-2
Language:
English
