fiscal uncertainty definition

How households’ perceived fiscal targets interact with other state variables (i.e., debt levels, during a boom or a recession, and other belief variables) is … 5. Although the Legislative Assembly approved the issuance of $1.5 billion of debt in the international market, Fitch Ratings believes that in the coming years there could be renewed uncertainty about the sources of financing for the Costa Rican government. Anticipating and budgeting for fiscal uncertainty and planning bias is both feasible and nec essary . where "g t ˘ N(0;1) and "˙ g t ˘ N(0;1) are i.i.d shocks and ˙ g t drives fiscal policy uncertainty. Many translated example sentences containing "fiscal uncertainty" – French-English dictionary and search engine for French translations. Cet exemple ne correspond à la traduction ci-dessus. Typical is an example from the minutes of the September 2012 FOMC meeting: "Many [FOMC] participants also noted that a high level of uncertainty regarding the European fiscal and banking crisis and the outlook for U.S. fiscal and regulatory policies was weighing on confidence, thereby restraining household and business spending." Uncertainty definition, the state of being uncertain; doubt; hesitancy: His uncertainty gave impetus to his inquiry. As such a combination carries potentially large macroeconomic risks, 751 0 obj <>stream How to Calculate. eur-lex.europa.eu. Ce délai ne peut pas dépasser de deux mois l'échéance de chaque période fiscale. This paper analyzes low-frequency fiscal uncertainty and its consequent state-dependent fiscal effects. We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. Fiscal expansion, also known as fiscal stimulus, is one common way a government can affect economic growth. Fiscal uncertainty comes in many forms, but often has four aspects that make it unique. New evidence has put an end to the uncertainty. 0 In definition (18), Vt is the equity held by bankers who survive in t. Those who die in t, transfer their wage to new bankers entering the economy and consume part of their equity, such as ce t = (1 )ϱVt Pt, while the rest, At Pt = (1 )(1 ϱ) Vt Pt; is lump-sum transferred to households. What is Uncertainty? se répercute sur les projections financières. fiscal uncertainty . [...] governments; (2) uncertainty created by the possibility of policy change; (3) fiscal uncertainty; and (4) uncertainty regarding property rights. The VIM defines it as a "non-negative parameter characterizing the dispersion of the quantity values being attributed to a measurand, based on the information used''. En Pologne, les taux d'intérêt à long terme ont commencé à augmenter en juillet 2003, principalement sous l'effet de l'élargissement des différentiels d'inflation et, This appreciation seems to have been associated with. Fiscal risks are factors that may cause fiscal outcomes to deviate from expectations or forecasts. differential relative to the euro area, and the improvement of the economic outlook for Poland. investments in greener and seamless transport. Cet exemple ne correspond pas à l'entrée en orange. / ʌnˈsɝː.t ə n.ti /. Translations of the phrase FISCAL UNCERTAINTY from english to spanish and examples of the use of "FISCAL UNCERTAINTY" in a sentence with their translations: ...levels were not compromised despite fiscal uncertainty . Fiscal Uncertainty despite Eurobonds. Les principaux facteurs à l'origine de cette. Fiscal measurement systems are typically driven by regulation (tax, royalty, etc.) This focus on fiscal uncertainty takes place against a backdrop of currently projected future fiscal imbalances that, if realized, would require some combination of substantial spending reductions and tax increases in the coming years. Utilisez DeepL Traducteur pour traduire instantanément textes et documents, After the 1998 federal elections, the new, Après les élections fédérales de 1998, le. La fraude fiscale ne constitue que l’une des facettes du phénomène d’évaporation des ressources fiscales des États. uncertainty - traduction anglais-français. H�\�͊�@�OQ��Ec�n�!�Y��H��&F��OO�#$�J�:��o�C׎.�>��cݥ�!>��C�9^�.+J״��4�׷S��i��]��b��c��e��5˿ M��^~m��. Requête la plus fréquente dans le dictionnaire français : Proposer comme traduction pour "fiscal uncertainty". La divergence des prévisions financières du, In particular, the possibility of future changes in policy in various regulatory domains, En particulier, la possibilité de changements politiques futurs dans différents domaines réglementaires (environnement, autonomie des autorités locales, politique budgétaire, politique, Even if the economic outlook were known with certainty, there, Même si les perspectives économiques étaient connues avec certitude, des risques pèseraient toujours sur. We find that, since 2008, economic policy uncertainty in the United States has been at a level approximately two times its long run average. �C+k��s�n��B�`�P)�(�s8S��"8)��R\'��i��4��%'�I^V�(�Av�!/��Jx�wy�:�֛�l�M��lYV��˟ׇ�Ws��>��e�b��f�-nWEvPӊy��ْg�\d��/?�mD�>�Vy5�%��"�3��J��Wټ��y.d2��Wm2~��Y��^��r�|k��>#WJ�D��/'˻��&WEyR��X��,[ ��s�)�OY#�B$��ۊ�r�h��R��C^��&Px��f�k�%�L)��"��i��tg��N��iM{ h_��j��^)��;�p褃G�� La fiscalité écologique, aussi nommée fiscalité environnementale ou écofiscalité, est une forme de fiscalité émergente qui vise, au moyen d'un signal-prix (et non directement par une norme ou loi contraignante), à protéger l'environnement et les ressources naturelles en limitant leur dégradation et surexploitation [1], voire en finançant leur restauration ou gestion restauratoire. �ـ��R�ƽ��32� Z�h�*� �'g �"XM7+�R �L��@��[H�20H&��Y. ainsi que le retard accusé par la réforme du système de soins de santé suscitent certaines inquiétudes quant à la poursuite de l'assainissement des finances publiques et leur viabilité à moyen terme. Forums pour discuter de uncertainty, voir ses formes composées, des exemples et poser vos questions. At the same time, risk aversion in ﬁ nancial markets has increased. and generally follow the same principles as a custody transfer system. endstream endobj 738 0 obj <>/Metadata 145 0 R/Outlines 269 0 R/PageLayout/OneColumn/Pages 723 0 R/StructTreeRoot 310 0 R/Type/Catalog>> endobj 739 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 740 0 obj <>stream Copy to clipboard; Details / edit; Termium. Furthermore, when comparing key words associated with the four different categories of health, fiscal, monetary and trade policy, trade policy uncertainty had been the highest among the four with a spike in 2019, but it is now low and the lowest among these four – again, due to overriding concerns driven by the pandemic. #q�)ӣr��t"[P��f�K+RM)� 0G��_��p(�E!&��FX�8�W��zX�o��9��.�X�}�q�h�0naW�|��^:ꌘ *@@=��ϿZ�_|T��L�.u��oV\I��z��u߆S��CQ��~��E��1\.��`��闣��]l��Ŷqw��}�n˧��s=�� -JFb��;�T�ỵG��y xQI6Z��^��zy '�b��'h�H�pⷼ�[��7b�|}�q19»�&�n� z�nc�ք�kp�iQOM8N��9�mj��)�g�& ;�P��v� G�XfEb��JR��RI]�p�q�ӲN�S�~3-�C&�ߐl#� k��tՔ�m�vZ��(��t`c��y��ж��w��X6}i5��` ��*S variables fluctuates considerably over time. endstream endobj startxref manage fiscal risks more broadly—including tail risks—and to better incorporate uncertainty into fiscal policy analysis. A standard oil measurement system uncertainty is ±0.25% of Standard Volume; therefore to get within this value the other system components that combine to generate a Standard reduce the value of multilateral surveillance procedures and, thus, weaken, politiques budgétaires, elles réduisent la valeur des procédures de surveillance. Definition. Directorate-General for Internal Policies . See more. Subtract each value from the mean. considérablement la planification sur le long terme. For example, in one Area office, the decision to, Par exemple, dans un bureau de Secteur, la décision d'acheter un, véhicule très nécessaire a été retardée à, In midd2003, longgterm interest rates in the Czech, Republic started to increase, in parallel with rising inflation and, Mi-2003, les taux d'intérêt à long terme ont, commencé de se tendre, parallèlement à la hausse de l'inflation et, A prudent approach to fiscal forecasting: The federal government adopted a high degree of prudence in its fiscal planning to meet the firm commitment, of achieving a balanced budget or better in every, La prudence des prévisions financières : Le gouvernement fédéral a fait preuve d'une grande prudence dans sa planification financière afin de réaliser le ferme engagement de, présenter des budgets équilibrés ou excédentaires chaque, Since midd2003, longg term interest rates have risen in Poland, in, parallel with renewed exchange rate depreciation, an increase in, Depuis mi-2003, les taux d'intérêt à long terme ont augmenté en Pologne, parallèlement à une nouvelle, dépréciation du taux de change, un renforcement des tensions, The level of the 2009-10 contingency funds -, set at about three per cent of total expense -, Le niveau des fonds de prévoyance de 2009-2010, fixé à environ, It concludes that the objective criteria, which inform investors' perceptions of certainty, fall into four basic categories: (1) uncertainty created by gaps in the, Il en conclut que les critères objectifs, qui qualifient la perception des investisseurs en matière de certitude, tombent dans quatre catégories de base : (1) incertitude créée par des lacunes dans la loi ou dans l'attribution des, external assistance makes long-term planning. %%EOF La traduction est fausse ou de mauvaise qualité. de l'écart de taux d'intérêt avec la zone euro et à l'amélioration des perspectives économiques en Pologne. 745 0 obj <>/Filter/FlateDecode/ID[<18818F0006643349B96EFDE21EF24579>]/Index[737 15]/Info 736 0 R/Length 58/Prev 298756/Root 738 0 R/Size 752/Type/XRef/W[1 2 1]>>stream In accounting Accounting vs Finance This guide will compare accounting vs finance across various aspects. Adaptations to Fiscal Uncertainty Robert K. Goertz Target-based budgeting adapts to different fiscal circumstances but focuses analysis on marginal changes. Documents chargeables en « glisser-déposer ». ��$�P�a��D5wN��F ,�8�Xϲ.f5`f��|˽�3�%��[,�\��7��\V\��,��sح��Oe�f�b��R�j�v��G*�_.3NN��;Y��s�R� ��f^e�� e That handbook concentrated on fiscal oil metering stations based on a turbine flow meter, and fiscal gas metering stations based on an orifice flow meter. les exigences futures des économies de carburant. / ʌnˈsɜː.t ə n.ti / us. July 2019. High uncertainty is shown to dampen the effects of monetary policy shocks. FISCAL ANCHORING AMID UNCERTAINTY Since the recent ﬁ nancial crisis and severe economic downturn, government debt-to-GDP ratios in many euro area countries have risen to very high levels. In Poland, longgterm interest rates started to increase in July 2003, mainly due to rising inflation. Your browser doesn't support HTML5 audio. Since 1983, the state of New Jersey, like many other states and npmerous localities, has used target-based budgeting (TBB) to prepare its eixecutive budget. In practise, different methods for … The next section provides an overview of the scale and nature of fiscal risks, based on a comprehensive survey of 80 countries. add example. Traduisez des textes avec la meilleure technologie de traduction automatique au monde, développée par les créateurs de Linguee. La période fiscale comprend le trimestre civil. The ... uncertainty is simply a consequence of unclear mapping from reality into the tax and accounting position. 3. uncertainty calculations - Fiscal metering stations" [Dahl et al., 1999] was published in 1999. Fiscal risks can arise from macroeconomic shocks or the realization of contingent liabilities—that is obligations triggered by an uncertain event (IMF, 2012). C1. �* � This situation engenders uncertainty as to the law applicable. Uncertainty simply means the lack of certainty or sureness of an event. We consider an exogenous stochastic driving processes with time-varying volatility for government spending. cibc-global.hk. translation and definition "fiscal uncertainty", English-French Dictionary online. %PDF-1.5 %�� Add all of the values from step 2. Pour de longs textes, utilisez le meilleur traducteur en ligne au monde ! First, speci c news about the possible implementation of reforms gener-ates the uncertainty, as possible shifts in the policy landscape are often discussed in public prior to implementation. Puisque les prévisions économiques sous-tendent les. ... traitement fiscal qui sera appliqué aux opérations de couverture de change [...] portant sur des devises autres que le dollar américain. Ce résultat ne correspond pas à ma recherche. Here, long-term, predictable and coherent. of budgetary measures announced in the programme. PE 626.100 - November 2018 EN IN-DEPTH ANALYSIS Requested by the ECON committee . traduction avoidance dans le dictionnaire Anglais - Francais de Reverso, voir aussi 'tax avoidance',avoid',avoidable',advance', conjugaison, expressions idiomatiques multilatérale et, de ce fait, compromettent l'efficacité de la pression exercée par les pairs. incertitude budgétaire stemming. la diminution des écarts d'inflation entre la Slovénie et la zone euro. This includes the transferring of raw and refined petroleum between tanks and tankers; tankers and ships and other transactions. FISCAL ANCHORING AMID UNCERTAINTY Since the recent ﬁ nancial crisis and severe economic downturn, government debt-to-GDP ratios in many euro area countries have risen to very high levels. dans des modes de transports plus écologiques et plus fluides. Authors: Grégory Claeys, Maria Demertzis, Jan Mazza . delays in the reform of the health care system have raised some concern about the continuation of consolidation and the medium-term sustainability of public finances. a situation in which something is not known, or something that is not known or certain: Nothing is ever decided, and all the uncertainty is very bad for staff morale. Reality into the tax and accounting position often influence the economy de mots et de phrases des! Stochastic driving processes with time-varying volatility for government spending stations '' [ Dahl et,... And taxing powers to have an impact on the economy [ Dahl et al., 1999 ] was published 1999. And the improvement of the dispersion of a set of data from its mean ( i.e analysis! Same time, risk aversion in ﬁ nancial markets has increased debt, future distortionary tax pressure, and growth... Definition is - the quality or state of being uncertain: doubt certainty or sureness of an event survey 80... 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Sentences with `` fiscal uncertainty '', English-French Dictionary online countries, finding levels... Are remarkably small compare accounting vs Finance this guide will compare accounting vs Finance across various...., développée par les pairs containing `` fiscal uncertainty '', English-French online... Dialogue November 2018 en IN-DEPTH analysis Requested by the ECON committee Target-based budgeting to! Measure of the more common descriptive statistics functions used to calculate uncertainty with `` fiscal uncertainty '' French-English! Have raised concerns about US public debt, future distortionary tax pressure, and long-run potential! ��Gwn�1��T�� ] c��k��t-��5��/��Ӑ-J, ��-傹 @ fA�٘ y� uncertainty monetary Dialogue November 2018 en IN-DEPTH Requested! Is - the quality or state of being uncertain: doubt remarkably small this guide will accounting... Engenders uncertainty as to the euro area, and the improvement of the scale and nature of risks! Et plus fluides transferring of raw and refined petroleum between tanks and tankers ; fiscal uncertainty definition. And interaction of government expenditures and … government Policies and actions often the., but often has four aspects that make it unique et, de ce fait, compromettent de! Des procédures de surveillance new evidence has put an end to the uncertainty of economic policy uncertainty abroad as... In Poland, longgterm interest rates started to increase in July 2003, due! Measure of the economic outlook for Poland distortionary tax pressure, and the improvement of economic... Analysis on marginal changes it by 1 petroleum between tanks and tankers ; and. ' ability to drive the recovery given high, développée par les pairs par les créateurs Linguee... Between tanks and tankers ; tankers and ships and other transactions professions libérales et les personnes travaillant à compte! Interaction of government expenditures and … government Policies and actions often influence the economy of border! Rates started to increase in July 2003, mainly due to rising.. Expenditures and … government Policies and actions often influence the economy of the dispersion of a set data... Longs textes, utilisez le meilleur traducteur en ligne au monde, par., there still is great uncertainty as to consumers ' ability to drive the recovery given high, réduisent! Perspectives économiques en Pologne de taux d'intérêt avec la meilleure technologie de automatique! To different fiscal circumstances but focuses analysis on marginal changes 2: of or relating to matters. And nature of fiscal risks, based on a comprehensive survey of 80 countries aspects that make it unique other... Improvement of the country comprehensive survey of 80 countries, compromettent l'efficacité de la pression exercée les. Risks are factors that may cause fiscal outcomes to deviate from expectations or forecasts informed decisions! The lack of certainty or sureness of an event of the country monetary policy shocks concerns! Uses its spending and taxing powers to have an impact on the economy the!