Research Catalog

Title

Fiscal Gimmickry in Europe [electronic resource]: One-Off Measures and Creative Accounting / Vincent Koen and Paul van den Noord

Author

Koen, Vincent.

Publication

Paris : OECD Publishing, 2005.

Details

Additional Authors

van den Noord, Paul.

Description

37 p.; 21 x 29.7cm.

Summary

Accounting conventions usually leave some room for judgment, which governments may be tempted to take advantage of, especially when fiscal rules bite or threaten to do so. The European experience over the past decade -- documented here in great detail -- illustrates that fiscal gimmicks come in many different guises, but also that some are less mischievous than others. Logit regression analysis confirms that when deficit rules or, to a lesser extent, debt thresholds tend to become more binding, recourse to gimmicks is more likely. It also suggests that more centralised budget systems are less prone to such gimmickry. The policy implications are clear as regards the virtues of transparent and consistent accounting practices, but more ambiguous regarding the merits or otherwise of one-off measures ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.417

Uniform Title

OECD Economics Department Working Papers, no.417.

Subject

Economics

LCCN

10.1787/237714513517

OCLC

oecd-lib-003573

Author

Koen, Vincent.

Title

Fiscal Gimmickry in Europe [electronic resource]: One-Off Measures and Creative Accounting / Vincent Koen and Paul van den Noord

Imprint

Paris : OECD Publishing, 2005.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.417

OECD Economics Department Working Papers, 1815-1973 ; no.417.

Connect to:

http://dx.doi.org/10.1787/237714513517

Indexed Term

Economics

Added Author

van den Noord, Paul.

Other Standard Identifier

10.1787/237714513517 doi