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Germany Staff Report for the 2000 Article IV Consultation

Fiscal policy has a strong foundation in the multiyear program of spending cuts, tax reforms, and deficit reduction in Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering fiscal policy procyclical. The recent business and...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Staff Country Reports
Subjects:
Labor Market
Macroeconomics
Social Security And Public Pensions
Wages
Labor Costs
Taxation
Labor
Public Finance & Taxation
Demand And Supply Of Labor: General
Taxation, Subsidies, And Revenue: General
Expenditure
Prices
Pension Spending
Income Tax Systems
Income Economics
Labour
Taxes
Energy: Demand And Supply
Wages, Compensation, And Labor Costs: General
Income Tax
Labor Markets
Inflation
Public Finance
Pensions
Germany
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Fiscal policy has a strong foundation in the multiyear program of spending cuts, tax reforms, and deficit reduction in Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering fiscal policy procyclical. The recent business and personal income tax reforms, pension reform, and product market reforms is commendable. But the potential benefits of these diverse reforms require a more proactive approach to labor market reform. The longer-term efficiency and functioning of the financial sector pose challenging issues
Physical Description:45 pages
ISBN:9781451810349

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