Hidden Bibliographic Details
| Other authors / contributors: | Danninger, Stephan, author.
International Monetary Fund. Fiscal Affairs Department.
International Monetary Fund. European Department.
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| ISBN: | 1282607146
9781282607149
1451910630
9781451910636
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| Notes: | Includes bibliographical references (page 30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF's Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The reform will improve the long-term debt path but achieving fiscal sustainability requires further adjustment over the medium term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to other adjustment options. Spillover effects to trading partners of these policies are modest.
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| Other form: | Print version: Botman, Dennis (Dennis Petrus Johannes). Tax reform and debt sustainability in Germany. [Washington, D.C.] : International Monetary Fund, 2007
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| Standard no.: | 10.5089/9781451910636.001
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