Spain: Selected Issues

International Monetary Fund

No 2005/057, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 77
Date: 2005-02-17
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Citations: View citations in EconPapers (1)

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