Bericht
Assessing fiscal soundness - Theory and practice
This paper presents a survey of methods for assessing fiscal soundness, i.e. the capability of governments to honour their obligations in the short run and in the long run. The need for a comprehensive monitoring of fiscal soundness derives from the risks to economic stability that arise from the actual or expected difficulty a government may have in honouring its obligations. For the long run, methods derived from the government’s intertemporal budget constraint make it possible to assess the size of a necessary adjustment to achieve sustainability of the debt burden. Uncertainty regarding shocks to the fiscal situation or the behaviour of financial market participants calls for the monitoring of financial flows and government obligations in the short run. Vigilance needs to be all the higher, the greater the uncertainty regarding long-term sustainability.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 56
- Klassifikation
-
Wirtschaft
- Thema
-
Öffentlicher Haushalt
Finanzpolitik
Haushaltskonsolidierung
Theorie
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giammarioli, Nicola
Nickel, Christiane
Rother, Philipp
Vidal, Jean-Pierre
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Giammarioli, Nicola
- Nickel, Christiane
- Rother, Philipp
- Vidal, Jean-Pierre
- European Central Bank (ECB)
Entstanden
- 2007
Ähnliche Objekte (12)
Global health challenges and the world economy: Assessing the benefits of fiscal policy cooperation
From Fiscal Austerity towards Growth-Enhancing Fiscal Policy in Ukraine
Fiscal multipliers and beyond
Euro area fiscal stance
Full employment has not been achieved: Full employment policy ; theory and practice
Slow recoveries through fiscal austerity: New insights in the effects of fiscal austerity
A fiscal capacity for the euro area: Lessons from existing fiscal-federal systems
Price tagging the priceless: International reference pricing for medicines in theory and practice
Fiscal Issues in Financial Crisis
Fiscal transfers and economic convergence
Policy risks to the fiscal outlook
The Future of Eurozone Fiscal Governance
Global health challenges and the world economy: Assessing the benefits of fiscal policy cooperation
From Fiscal Austerity towards Growth-Enhancing Fiscal Policy in Ukraine
Fiscal multipliers and beyond
Euro area fiscal stance
Full employment has not been achieved: Full employment policy ; theory and practice
Slow recoveries through fiscal austerity: New insights in the effects of fiscal austerity
A fiscal capacity for the euro area: Lessons from existing fiscal-federal systems
Price tagging the priceless: International reference pricing for medicines in theory and practice
Fiscal Issues in Financial Crisis
Fiscal transfers and economic convergence
Policy risks to the fiscal outlook
The Future of Eurozone Fiscal Governance
Global health challenges and the world economy: Assessing the benefits of fiscal policy cooperation
From Fiscal Austerity towards Growth-Enhancing Fiscal Policy in Ukraine
Fiscal multipliers and beyond
Euro area fiscal stance
Full employment has not been achieved: Full employment policy ; theory and practice
Slow recoveries through fiscal austerity: New insights in the effects of fiscal austerity
A fiscal capacity for the euro area: Lessons from existing fiscal-federal systems
Price tagging the priceless: International reference pricing for medicines in theory and practice
Fiscal Issues in Financial Crisis
Fiscal transfers and economic convergence
Policy risks to the fiscal outlook