The new fiscal framework
A new fiscal framework for Ireland
... Joe Durkan: This is a very useful paper, full of ideas that makes one think. Maybe out of this we might get a better approach to fiscal policy. I have several points to make. First, I thought we had a working rule ...
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Petroleum Industry Act (PIA): A new Fiscal Framework for the Taxation of Oil & Gas Industry
... the new fiscal terms under the PIA. Furthermore, new entrant arising from bids rounds to be carried out after the passage of the act, shall be subjected to the provision of the ...
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A new framework for fiscal policy consolidation in Europe
... the new framework described above is the most critical candidate for a con- fl ict with Union law: the mutual support of government debt ...support framework should therefore rely on ...
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New Zealand's Fiscal Policy Framework: Experience and Evolution
... the framework. It includes a comparison of fiscal outcomes with fiscal objectives and sets out three key policy ...on Fiscal Rules held in Perugia, February 2001 and the New Zealand ...
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Fiscal policy and the labor market in a New Keynesian framework
... As noted before, there are several differences between the formal and informal sectors (Table 2.1). First, the level of regulation, i.e. rigidities related to hiring, firing and entry, are lower in the shadow economy, in ...
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The fiscal framework : 2021 review
... revenues. New arrangements for analysing Scotland’s economy and public finances have also been put in place, alongside a much expanded fiscal infrastructure in ...and fiscal forecaster: the Scottish ...
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Fiscal Policy in a Growth Framework
... however, new endogenous growth models have proposed a number of channels through which fiscal policy could have ‘permanent’ growth effects, raising the prospect that fiscal policies could have much ...
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Public investment and the EU fiscal framework
... • Joint ventures. In this case the finance to build the project does not come fully from the private operator but is partially provided by the government. Also relevant for accounting and evaluation purposes are the ...
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Ireland’s Fiscal Framework: Options for the Future
... The Fiscal Responsibility Act of 2012 established fiscal policy rules and an independent fiscal watchdog, the Irish Fiscal Advisory Council (IFAC) – patterned after the new EU template ...
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New life for an old framework: redesigning the European Union's expenditure and golden fiscal rules
... the fiscal anchor, the gross public debt to GDP ratio, EFB (2019a, 2019b) proposes to eliminate the uniform rule for reducing the excess over the 60% threshold by 1/20 th of the excess in each ...Financial ...
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The NIER s Conceptual Framework for Fiscal Policy
... With fiscal policy, the analysis is ...a new level of general government net ...the new level of general government net lending will have a gradually diminishing effect on resource ...
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The fiscal framework and urban infrastructure finance in China
... There is no exact information on the aggregate volume of bad debt owed by sub-national governments. 3 However, the total of direct non-performing loans, plus uncovered contingent liabilities, is likely to lie somewhere ...
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Transition to market and normative framework of fiscal federalim
... ‘plan’ and ‘non-plan’. While in principle, the expenditure on new schemes is supposed be classified as plan, those incurred for the maintenance of the completed schemes is considered non-plan. Thus, spending ...
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Scottish Budget Forecast and Fiscal Framework issues
... 5. Much has also happened in the two months between these forecasts and the latest forecasts for the UK as a whole from the OBR, which were published in late November 2020. This includes the new COVID-19 variant, ...
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A new fiscal strategy for Ireland
... towards fiscal adjustment and has published the broad framework for its ongoing efforts, many details have not been specified and its implementation faces severe ...securing fiscal sustainability are ...
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Scotland: A New Fiscal Settlement
... a) Determine the size and distribution of financial support to regions and, if appropriate, between regions; b) Determine the rents/solidarity contributions to be paid to the centre 15 ; c) Provide the means to design ...
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Towards a new framework for fiscal and interest rate policy. Malcolm Sawyer. University of Leeds. July 2007
... Fine tuning The ultimate in fine tuning would arise when the budget stance was continuously changed in response to variations in economic activity (in a Keynesian framework arising from variation in the behaviour ...
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A Fiscal Framework for Offshore Oil and Gas Activities in Romania
... (2) The new legislation should adopt a resource rent tax for offshore oil and gas projects. While resource rent taxes are superior to royalties in terms of attracting more investment at the margin, their ...
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Should Fiscal Policy Be Di.erent in a Non-Competitive Framework?
... w t , p ` t , υ 1t ,υ 2t ). 19 Now the optimal paths will be time invariant functions of three state variables (ψ t − 1 , b t − 1 , θ t ). We have also computed the impulse response functions for the decision rules when ...
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THE COMMODITIES ROLLER COASTER: A FISCAL FRAMEWORK FOR UNCERTAIN TIMES
... and fiscal rules has been ...the fiscal rule was breached because policymakers preferred to place a greater priority on scaling up public ...the fiscal rule was undermined by off-budget spending and ...
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