Czech Republic : Selected Issues

Publication Date: August 02, 2013
Electronic Access: Free Full text (PDF file size is 753KB).
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Summary: This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded adjustment. However, the fiscal framework could be improved to increase transparency, predictability, and credibility of policy and minimize the procyclical bias. This could be achieved by incorporating, among other things, a simple and credible rule with a medium-term fiscal anchor set in structural terms.
Series: Country Report No. 13/243
Subject(s): Fiscal policy | Fiscal consolidation | Selected issues | Czech Republic

Publication Date: August 02, 2013
ISBN/ISSN: 9781484317563/1934-7685 Format: Paper
Stock No: 1CZEEA2013002 Pages: 21
US$18.00 (Academic Rate:
US$18.00 )
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