Spain: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 057

Publication date: February 2005

ISBN: 9781451934878

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , government , personal income , national government , capital stock , retirement age , substitution effect , labor supply , business cycle , consumption tax , Pension spending , Pensions , Aging , Labor supply , Europe

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Summary

This Selected Issues paper contains two studies examining key issues for fiscal management and long-term fiscal sustainability in Spain. The first study discusses how best to ensure fiscal discipline at lower levels of government by examining the institutional setting and mechanisms that make this task particularly challenging in Spain’s highly devolved political and fiscal system. The second study seeks to analyze the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging in Spain.