Research Catalog

Title

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

Author

van den Noord, Paul.

Publication

Paris : OECD Publishing, 2006.

Details

Additional Authors

Cournède, Boris.

Description

18 p.; 21 x 29.7cm.

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.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.522

Uniform Title

OECD Economics Department Working Papers, no.522.

Subject

• Economics
• Euro Area

LCCN

10.1787/412188318674

OCLC

oecd-lib-003133

Author

van den Noord, Paul.

Title

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

Imprint

Paris : OECD Publishing, 2006.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.522

OECD Economics Department Working Papers, 1815-1973 ; no.522.

Connect to:

http://dx.doi.org/10.1787/412188318674

Indexed Term

Economics

Euro Area

Added Author

Cournède, Boris.

Other Standard Identifier

10.1787/412188318674 doi