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1 - 10 van 92 voor public debt
Microsoft Word - Charting CPB's course.doc
... special subjects in ceps, 2003 2008 a 2003 incoherent agricultural policy (s5) ageing and public debt reduction (s1; cpb communication german economy a view from the netherlands (s6; cpb ... by sector and year, total cpb total . public .. sector 1 total . public total . public total . public total . public total . public total . public other a total . public a directorate, it and omd. table 4.3 ...
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Microsoft Word - ageing_.doc
... , rps represents the required primary surplus for sustainability. d stands for initial public debt and a for the future' debt that is due to ageing. the annuity term (r-g), denoting ... equity an assessment of the sustainability of public finances is actually an exercise in discounting. if government wealth is negative (public assets have lower value than public debt), and current and future primary ...
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Microsoft Word - DP128_demooij _2_.doc
... of the constraint, we find government consumption, interest payments on public debt and lump-sum transfers. we keep government consumption and public debt constant as a fraction of gdp. the calibration of corporate ... . sorensen, p. b., 2004a, company tax reform in the european union, international tax and public finance, 11, 91-115. us department of treasury, 1992, integration of the individual and ...
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Microsoft Word - DP ECA voorblad.doc
... , we 9 include a ...nancial distress cost associated with high debt positions. the marginal cost of debt ...nance increases in the debt share. in cortax, the convexity of the ...nancial distress ... the constraint, we ...nd government consumption, interest payments on public debt and lump-sum transfers. we keep government consumption and public debt constant as a frac- tion of gdp. the initial labour ...
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Microsoft Word - DP CCCTB voorblad.doc
... on public debt and lump-sum transfers. in performing simulations, we keep the government budget balanced by adjusting one of the tax parameters endogenously. we always keep government consumption and public debt ... theory, we include a financial distress cost associated with high debt positions. the marginal cost of debt finance increases in the debt share. in cortax, the convexity of the financial ...
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Microsoft Word - cpbdoc218.doc
... a rapidly increasing public debt and big contingent liabilities due to large-scale financial rescue operations. in order to restore the sustainability of public finance, a ... public finance is therefore sustainability. a country's public finance are said to be sustainable when its current institutions (like the tax system, pensions, and the public health system) can be maintained without public debt ...
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gamma simulation model ageing pensions and public finances pdf
... 65 5.2.3 delayed reforms 67 5.2.4 public debt ratio smoothing 70 5.3 pension reforms 73 5.3 ... age-related expenditures. this category consists of expenditures on social security (public pensions bgp, disability benefits bda, unemployment benefits bun, social assistance ... j)-pp(j)-per(j)), pension income (public plus occupational bgp(j)+bp(j)), social security other than public pensions (bsa(j)+bda(j)+ ...
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Generational accounts [PFP#1092202780]
... definition of the deficit were the deduction of public asset formation and the adjustment of the deficit for the loss of real value of public debt due to inflation. these discussions made ... the burden that current generations transfer to future generations than public debt. it is also more comprehensive than other measures, such as public debt plus the present value of unfunded old age benefits, ...
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impact demographic uncertainty public finances netherlands pdf
... in annual public consumption as a percentage of gdp that would set public finances on a sustainable path. measure developed by blanchard et al. (1990) that ultimately stabilizes the debt to ... aversion may call for precautionary saving on part of the government (or, equivalently, excessive public debt reduction).15 related, the analysis presented here demonstrates that current fiscal policies may turn ...
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dp212.indd
... main channels through which public debt was sustainable. in practical terms, this means that in this period it was not necessary to implement fiscal austerity plans to substantially reduce public debt. with financial ... as a public debt default. 26 b descriptive statistics and graphs table 5 summary statistics and correlation coefficients n mean sd min max ps debt yvar gvar mil us ps debt yvar ...
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