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Czech Republic : selected issues

Author: International Monetary Fund,
Publisher: Washington, District of Columbia : International Monetary Fund, [2013] ©2013
Series: IMF country report, no. 13/243.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded adjustment. However, the fiscal framework could be improved to increase transparency, predictability, and credibility of policy and  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund,
ISBN: 9781484365427 1484365429
OCLC Number: 861529347
Description: 1 online resource (22 pages) : color illustrations.
Series Title: IMF country report, no. 13/243.
Responsibility: International Monetary Fund.

Abstract:

This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded adjustment. However, the fiscal framework could be improved to increase transparency, predictability, and credibility of policy and minimize the procyclical bias. This could be achieved by incorporating, among other things, a simple and credible rule with a medium-term fiscal anchor set in structural terms.

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