Czech Republic: Selected Issues

August 2, 2013

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Format: Chicago

Czech Republic: Selected Issues, (USA: International Monetary Fund, 2013) accessed December 25, 2024

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.

Subject: Expenditure, Fiscal policy, Fiscal risks, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: A. fiscal policy, A. fiscal policy in the Czech Republic, CR, Crisis, Debt, Debt break, Debt stock, Deficit, Desk data, Europe, Expenditure ceiling, Fiscal policy framework, Fiscal policy in the Czech Republic, Fiscal policy stance, Fiscal risks, Fiscal stance, GDP deflator, ISCR, Private sector, Short-term debt, State

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/243
Stock No:

1CZEEA2013002
ISBN:

9781484317563
ISSN:

1934-7685

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