Proceedings from the ECFIN Workshop "The Budgetary Implications of Structural Reforms", Brussels, 2 December 2005, Page 19
Servaas Deroose, E. Flores, A. Turriini
European Commission, Directorate-General for Economic and Financial Affairs, 2006 - European Union countries - 206 pages
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analysis baseline budget balance budgetary impact business cycle capital changes consumption cyclically-adjusted D D D D D deficit dependency ratio DG ECFIN Directorate-General Directorate-General for Economic Economic and Financial estimates euro area European Commission exchange rate Financial Affairs financial market fiscal adjustment fiscal balance fiscal policy fiscal positions fiscal sustainability fiscal variables fixed effects Growth Pact impact of reforms implementation implies income increase labour and product labour market reforms lagged macroeconomic monetary policy Nairu OECD countries OECD Economic Outlook output gap paper PAYG pension reforms percentage points period policy stance potential output primary balance primary CAB primary expenditure probit product market reforms public finances real interest rates reduced reform cycle reform indicators reform intensity reform process regression revenues sector short-run significant simulation Stability and Growth structural policy structural reforms sustainability problem sustainable tax rate tax reforms trend types of reforms