Series: IMF Working Papers
Author(s): Dennis Botman , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2007
Keywords: Aging, Debt sustainability, Economic models, Fiscal policy, Germany, Tax reforms, Value added tax, VAT, tax reform, spillover effects
In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF's Global Fiscal Model to study its impact and explores options for addressing long-term pressures from popu...