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Leibfritz, Willi

Overview
Works: 133 works in 293 publications in 2 languages and 2,672 library holdings
Roles: Editor, Honoree
Classifications: HJ9755, 339.5
Publication Timeline
Key
Publications about Willi Leibfritz
Publications by Willi Leibfritz
Most widely held works by Willi Leibfritz
Generational accounting around the world by Alan J Auerbach( file )
20 editions published between 1998 and 2007 in English and held by 1,214 libraries worldwide
Mounting government obligations and aging populations raise very serious concerns about the fiscal burdens left to future generations. Generational accounting, a method of long-term fiscal planning and analysis, directly measures these burdens as well as the costs of lowering them. The volume combines the latest and most extensive country-by-country generational analyses with a comprehensive review of generational accounting's innovative methodology and a devastating critique of conventional deficit accounting
Taxation and economic performance by Willi Leibfritz( Book )
9 editions published between 1994 and 1997 in English and held by 149 libraries worldwide
This paper reviews the theoretical and empirical literature on the effects of taxation on economic performance, adds marginally to the empirical literature, and draws conclusions for tax policy in OECD countries. Key issues covered are how, in open OECD economies, taxes may have affected economic performance via their effects on capital and labour markets, and on human capital formation. Perhaps the most important policy conclusion that emerges is that the increased integration of OECD capital markets limits the scope for using tax incentives to raise domestic savings and investment, which suggests that the tax burden in the future will have to fall increasingly on labour as the less mobile factor of production. With labour taxes having already increased sharply in recent years, contributing to a reduced demand for labour, greater labour-market flexibility is required to facilitate employers' passing labour taxes on to reductions in real wages so as to reduce labour costs; while
An international comparison of generational accounts by Laurence J Kotlikoff( Book )
10 editions published between 1998 and 1999 in English and held by 102 libraries worldwide
This paper summarizes findings reported in a forthcoming NBER volume entitled 'Generational Accounting Around the World.' This volume includes generational accounting studies for 17 countries. The findings are shocking. The world's leading industrial powers - the U.S., Japan, and Germany - all have severe imbalances in their generational policies. Unless currently living members of these countries pay more in net taxes or unless these countries cut their purchases of goods and services, future Americans, Japanese and Germans will face much higher rates of lifetime net taxation. Leaving current Americans untouched and maintaining the current projected time-path of government purchases will leave future Americans collectively facing about 50% higher net tax rates over their lifetimes than those facing a newborn American based on current U.S. tax-transfer policy. For future Germans, the imbalance means they would face lifetime net tax rates that are roughly twice as high as those now in place. And for future Japanese, policy inaction means lifetime net tax rates that are more than 2.5 times are high as current values. Other countries are also running imbalanced policies. Of the 17 countries studied here, five (Japan, Italy, Germany, The Netherlands, and Brazil) have extreme imbalances. Another five (the United States, Norway, Portugal, Argentina and Belgium) have severe imbalances. Three countries - Australia, Denmark and France - have substantial imbalances. Canada's appears to be essentially in generational balance. The remaining countries - New Zealand, Thailand, and Sweden - have negative imbalances; i.e. their policies, if maintained, would leave future generations facing lower lifetime net tax rates than current current newborns
Fiscal policy, government debt, and economic performance by Willi Leibfritz( Book )
16 editions published in 1994 in English and held by 82 libraries worldwide
This paper reviews fiscal policy, government indebtedness and its implications for economic performance in OECD countries. Government debt, expenditure and revenue relative to GDP have all risen significantly over the past 15 years and in several countries these trends are unsustainable. The macroeconomic implications of high fiscal deficits and debt levels are considered and the paper finds that while monetary policy played a clear role in generating recovery, the effects of fiscal policy are more mixed. Looking forward, Member countries' plans for fiscal consolidation are ambitious, but if sustained economic growth is achieved, these plans are achievable. However, if growth is slower, then further fiscal consolidation efforts would be required to keep public debt under control. Finally, the paper considers ways of improving the control over expenditure and the budget process, so as to achieve better fiscal outcomes
Steuerliche Investitionsförderung im internationalen Vergleich by Willi Leibfritz( Book )
4 editions published in 1985 in German and held by 61 libraries worldwide
Der Einfluss der Steuern auf die Investitionstätigkeit der Unternehmen by Hans-Georg Jatzek( Book )
5 editions published in 1982 in German and held by 60 libraries worldwide
Der Einfluss des Steuersystems und des kommunalen Finanzsystems auf die Landesentwicklung by Willi Leibfritz( Book )
3 editions published in 1981 in German and held by 56 libraries worldwide
Ageing populations, pension systems and government budgets : how do they affect saving? ( Book )
8 editions published in 1995 in English and held by 48 libraries worldwide
The paper examines the effects of demographic changes on government budgets and national savings. Most OECD countries will experience a rapid ageing of the population in the future and this development will put public pensions, health care systems and government budgets in general under increasing pressure. It could also have adverse effects on national saving. In order to provide some idea of the scale and magnitude of potential future problems the paper presents a quantitative analysis of the effects of ageing populations on government budgets, on inter-generational equity and on national saving and it also discusses policy options to cope with these problems. The paper finds that getting general government fiscal positions into better shape over the next few years would enable governments to better cope with the demographic change that will occur in the first decades of the next century. Furthermore, it stresses that further increases in retirement ages could make a major
Der Faktorpreisausgleich im internationalen Handel by Willi Leibfritz( Book )
5 editions published in 1971 in German and Undetermined and held by 41 libraries worldwide
Strukturelle Auswirkungen des Steuersystems : Gutachten im Auftr. d. Bundesministers für Wirtschaft by Marlies Hummel( Book )
3 editions published in 1985 in German and Undetermined and held by 30 libraries worldwide
Slovakia's Introduction of a Flat Tax as Part of Wider Economic Reforms by Anne-Marie Brook( Computer File )
7 editions published in 2005 in English and held by 28 libraries worldwide
Slovakia's fundamental tax reform of 2004 considerably improved the simplicity and efficiency of the tax system by eliminating exemptions and special regimes and setting the rates for the personal income tax (PIT), the corporate income tax (CIT) and the value added tax (VAT) all equal to 19%. This paper assesses the impact of this reform in the context of Slovakia's wider package of economic reforms. With respect to economic efficiency, the two key conclusions are as follows: First, the reforms are expected to improve both the level and efficiency of capital investment in Slovakia - although further improvements could be made by eliminating the double taxation on projects financed by retained profits. Second, the combination of the tax and social benefit reforms has enhanced the incentives for unemployed workers to seek work, which should result in higher labour supply. Labour demand should also have increased, thanks to the more flexible labour market. However, as overall taxes on labour remain high, labour demand for very low skilled workers may not pick up without further reforms to reduce the cost of employing such workers. With respect to equity considerations the assessment is less clear cut. On the one hand the flat personal income tax has benefited both low income earners and very high earners, particularly those with families, while middle-income earners, particularly single earners appear to be somewhat worse off. The increase in VAT and the welfare reform also have distributive effects. The net result of these reforms has been a significant cut in the real incomes of social beneficiaries who are not working. On the other hand, by raising labour productivity and reducing structural unemployment the reforms have the potential to benefit the low-skilled population also - provided other public policies are in place to facilitate this outcome. This Working Paper relates to the 2005 OECD Economic Survey of the Slovak Republic (www.oecd.org/eco/surveys/slovakia)
Der Beitrag des Steuersystems zur Reform der Alterssicherung : Gutachten im Auftrag des Bayerischen Staatsministeriums der Finanzen by Willi Leibfritz( Book )
3 editions published in 1990 in German and held by 28 libraries worldwide
Reforming Turkey's Public Expenditure Management by Rauf Gönenç( Computer File )
7 editions published in 2005 in English and held by 28 libraries worldwide
Fiscal imbalances were a main cause for chronic high inflation and macroeconomic instability before the 2000/2001 crisis. Fiscal consolidation is the cornerstone of post-crisis stabilization. It has been quite successful over the past three years as sizeable primary surpluses have been sustained and the fall in interest rates has reduced the interest cost of public debt. Fiscal targets have been achieved chiefly by raising revenues which has increased the tax burden; greater emphasis should now be placed on the control of public expenditure. At the same time, core public services such as education, justice, infrastructure and rural development will need to be upgraded. Social security costs may also rise with the planned shift to universal health insurance, and the ambitious administrative decentralization project could cause upward pressure on local spending. Far-reaching rationalization of public expenditures is therefore required to meet the quantitative fiscal targets while
The Fiscal Challenge in Portugal by Stephanie Guichard( Computer File )
6 editions published in 2006 in English and held by 27 libraries worldwide
Portugal's fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3% of GDP and was submitted to the excessive deficit procedure of the EU Commission for a second time in 2005. The paper describes fiscal developments in Portugal over the past years and explores why earlier attempts of fiscal consolidation have failed. It also examines the new consolidation programme and assesses its chances of success and discusses further necessary steps to ensure consolidation over the longer term. It is argued that reasons for the failures of past consolidation efforts were the pro-cyclical policy during the earlier economic upswing and the reliance on one-off-measures which reduced the sense of urgency and commitment to undertake structural reforms and to address the chronic weak control of public spending. The new consolidation strategy is not relying on one-off measures in a context where Portugal has been granted more time to get its deficit under 3% of GDP. It includes structural reforms on the spending side that are going in the right direction and, if fully implemented, are likely to succeed in bringing the deficit below 3% of GDP over the next few years. But consolidation will only be successful if all measures are implemented immediately and forcefully. The consolidation programme needs to be complemented by additional reforms to strengthen expenditure control and in particular to reform the general pension system. On the revenue side, further simplifying the tax system and refraining from revising the tax legislation from one year to the next, as has happened in recent years, would make the tax system easier to manage and would facilitate long-term decision-making by economic agents
Enhancing Turkey's Growth Prospects by Improving Formal Sector Business Conditions by Rauf Gönenç( Computer File )
6 editions published in 2007 in English and held by 27 libraries worldwide
Turkey's business sector has achieved high growth over the past few years and - on average - has coped well with increased competition. However, some labour-intensive sectors lost competitiveness prior to the currency depreciation in mid-2006 and faced employment losses, raising political pressure for interventionist policies. This paper argues that the government should resist such pressure and instead follow a broad-based strategy to improve framework conditions for firms, irrespective of their size, sector and legal status. Overcoming the duality between the formal and informal sectors should be the central point of this strategy. In particular, the cost of labour should be reduced and regulatory hurdles in labour and product markets should be minimised, to help formal firms to remain competitive and increase employment. This would also make it easier for the many small and medium-sized firms to move into the formal sector, thereby raising productivity through economies of scale. This would increase the growth potential of the whole economy, broaden the tax base and level the playing field for doing business in Turkey, not only for the wide variety of domestic firms but also for foreign investors
Keeping Slovenian Public Finances on a Sustainable Path by Pierre Beynet( Computer File )
5 editions published in 2009 in English and held by 26 libraries worldwide
This paper examines various aspects of fiscal policy in Slovenia, in particular fiscal consolidation, pension reform, efficiency of government spending and the tax system. It finds that Slovenia belongs to the group of new EU member countries, which have given in the past a high priority to fiscal prudence. This both stabilised the economy and paved the way for entry to the EU in 2004 and adoption of the euro in 2007. It also created room to counteract the current weakening of the economy. But fiscal policy has to cope with four main challenges: i) ensuring a return to fiscal consolidation after the current economic downturn; ii) achieving longer-term fiscal sustainability by continuing pension reform; iii) limiting growth of public spending and improving its quality; and iv) making the tax system less distorting for job creation and growth. This Working Paper relates to the 2009 OECD Economic Survey of the Slovenia (www.oecd.org/eco/surveys/slovenia)
Fiscal Federalism in Belgium by Willi Leibfritz( Computer File )
5 editions published in 2009 in English and held by 26 libraries worldwide
The paper discusses the current state of fiscal relations across levels of government in Belgium and how it has developed over time. As the current system of fiscal federalism is creating imbalances between the federal and the sub-federal governments (vertical imbalance), and between sub-federal governments (horizontal imbalance) the paper also suggests directions for improvements. Without reform, the vertical imbalance will widen as the fiscal burden from the ageing of the population falls mainly on the federal level. Reform should therefore strengthen the fiscal capacity of the federal government by improving its revenue sources and by shifting some spending obligations to sub-federal governments. The imbalance between regions arises because of the lack of coherence between taxation and spending. Shared revenues from the personal income tax are allocated to the region of residence, while the region of the workplace does not benefit, which particularly affects Brussels' revenue level. This imbalance could be eliminated by allocating more of the shared personal income tax to the region of the workplace. Furthermore, the system of equalisation grants should be re-designed to provide incentives to the recipient regions to develop their own revenue base. The performance of the fiscal system could further be improved by raising the efficiency of spending in areas of national interest, which have been assigned to sub-federal governments or where there are overlapping responsibilities, such as in employment, R&D, training, education, energy and environmental policies
Boosting Austria's Innovation Performance by Willi Leibfritz( Computer File )
5 editions published in 2007 in English and held by 26 libraries worldwide
Enhancing growth through more innovation has become a priority for Austrian policy makers in line with European policies as laid down in the Lisbon Agenda. This paper discusses Austria's innovation performance, its innovation policies, and general framework conditions for innovation and growth. Austria has increased its R&D spending as a share of GDP over the last ten years, largely reflecting more business R&D, and aims at increasing it further to 3% of GDP by 2010. Innovation activity as measured by output indicators has also improved in various fields, including the number of innovating SMEs. Furthermore, policy instruments and institutions have been improved and a culture of policy evaluation is developing. However, the paper identifies some weaknesses, particularly in general economic framework conditions, which may limit the creation and diffusion of innovation and productivity growth. It suggests focusing more on these framework conditions, notably by strengthening competition in non-manufacturing product markets, such as retail and professional services, reducing the cost of firm creation and improving human capital. It also argues that focusing on a numerical target for R&D spending as an end in itself is very unlikely to be cost effective. With its university reform in 2002, Austria has made a major step in improving the efficiency of tertiary education but more needs to be done
Berücksichtigung der zentralen Orte im kommunalen Finanzausgleich Bayern : Gutachten im Auftrag des Bayerischen Städtetages, München by Willi Leibfritz( Book )
6 editions published in 1986 in German and Undetermined and held by 26 libraries worldwide
 
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Alternative Names
Leibfitz, Willi
Leibfritz, W.
Leibfritz, Willy
Languages
English (104)
German (29)
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