Cargando…

Tax and pension reform in the Czech Republic : implications for growth and debt sustainability /

The Czech Republic has embarked on an ambitious tax reform and expenditure package to bring the deficit sustainably below 3 percent, and intends to reduce the deficit to 1 percent of GDP by 2012. To address the long-term fiscal challenge due to population aging, pension reform proposals are also bei...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Botman, Dennis (Dennis Petrus Johannes) (Autor), Tuladhar, Anita (Autor)
Autores Corporativos: International Monetary Fund. European Department, International Monetary Fund. Fiscal Affairs Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.?] : International Monetary Fund, ©2008.
©2008
Colección:IMF working paper ; WP/08/125.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability; A. Background; B. Fiscal Challenges and Demographic Pressures; Figures; 1. Demographic Indicators, 2004-50; 2. Long-Term Fiscal Pressures in the Czech Republic; 3. Debt Dynamics From Population Aging in the Czech Republic; C. Analytical Framework; D. Assessing the Fiscal Reform Package; Tables; 1. Estimates of Impact of Key Fiscal Reform Measures; 4. Czech Republic: Macroeconomic Effects of Tax Reform; 5. Czech Republic: Macroeconomic Effects of Tax Reform and Expenditure Restraint
  • E. Adjustment Strategies to Achieve the Medium Term Objective6. Debt Dynamics From Population Aging in the Czech Republic; F. Achieving Long Term Sustainability: Pension Reform Proposals; 7. Comparing Alternative Measures to Reach 1 Percent of GDP Deficit by 2012; 8. 1-Percent of GDP Deficit by 2012 Through Reform Package and Raising Retirement Age; 9. Comparing Alternative Strategies to Achieve Debt Sustainability; 10. Pension Reform From 2012 Onwards After 1-Percent of GDP Deficit Through Package; G. Conclusions; References; Appendixes; I. Analytical Framework; Appendix Tables
  • 1. GFM Parameterization2. Initial Steady-State Ratio; 3. Initial Steady-State of Fiscal Varialbes; II. Sensitivity Analysis; Appendix Figures; 1. Sensitivity Analysis: Macroeconomic Effects of Tax Reform and Expenditure Restraint