IMF Staff Country Reports

Czech Republic : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

January 28, 2008

Electronic Access:

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Summary:

This paper reviews the fiscal reform of the Czech Republic, its key reform measures, and structural implications. The study also focuses on key challenges and demographic pressures facing the Czech economy, and describes the analytical framework of Global Fiscal Model (GFM) with technical details. It analyzes tax and expenditure measures and implications of additional measures for fiscal consolidation on debt sustainability. It reviews the formulation of the Czech National Bank (CNB) and also the Global Integrated Monetary and Fiscal Model (GIMF) to analyze monetary policy challenges lying ahead and the targets for reducing inflation.

Series:

Country Report No. 08/40

Subject:

Fiscal policy Fiscal reforms Health care Income Income distribution Income taxes Inflation Inflation targeting Labor markets Monetary policy Pensions Selected issues Tax rates Tax reforms Tax structures Tax systems Taxation Unemployment Value added tax