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Narrowing Vertical Fiscal Imbalances in Four European Countries

Author/Editor: Izabela Karpowicz.

Release Date: March, 2012

Price: $18.00

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues more...

Euro Area Policies

Release Date: August, 2004

Price: $15.00

The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial more...

Euro Area Policies : Selected Issues

Release Date: August, 2004

Price: $15.00

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver more...