Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005



Concerns for inter-generational equity and risk both point in the direction
of ensuring that the budget balance over the medium to long run is fairly close
to zero. A policy aiming at substantial pre-funding would in a number of re-
spects be a problematic strategy. By keeping public finances close to balance
it follows that the risk exposure is smaller, and the room for accommodating
short-run business fluctuations are larger. These points have been illustrated by
consideration of a reform package recently proposed by the Welfare Commission
(2005d).

32



More intriguing information

1. The economic doctrines in the wine trade and wine production sectors: the case of Bastiat and the Port wine sector: 1850-1908
2. Transport system as an element of sustainable economic growth in the tourist region
3. Ruptures in the probability scale. Calculation of ruptures’ values
4. Implementation of a 3GPP LTE Turbo Decoder Accelerator on GPU
5. Equity Markets and Economic Development: What Do We Know
6. Empirical Calibration of a Least-Cost Conservation Reserve Program
7. Behavior-Based Early Language Development on a Humanoid Robot
8. Anti Microbial Resistance Profile of E. coli isolates From Tropical Free Range Chickens
9. The name is absent
10. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
11. TINKERING WITH VALUATION ESTIMATES: IS THERE A FUTURE FOR WILLINGNESS TO ACCEPT MEASURES?
12. Centre for Longitudinal Studies
13. The bank lending channel of monetary policy: identification and estimation using Portuguese micro bank data
14. The name is absent
15. DIVERSITY OF RURAL PLACES - TEXAS
16. An Empirical Analysis of the Curvature Factor of the Term Structure of Interest Rates
17. The name is absent
18. The name is absent
19. The name is absent
20. EMU's Decentralized System of Fiscal Policy