01825cas a2200253 a 4500 AALejournalIMF009217 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866100 1018-5941 BD-DhAAL BD-DhAAL Botman, Dennis. Tax Reform and Debt Sustainability in Germany : An Assessment Using the Global Fiscal Model / Dennis Botman, Stephan Danninger. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 population aging. The growth effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The reform will improve the long-term debt path but achieving fiscal sustainability requires further adjustment over the medium term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to other adjustment options. Spillover effects to trading partners of these policies are modest. Mode of access: Internet Danninger, Stephan. IMF Working Papers; Working Paper ; No. 2007/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/046/001.2007.issue-046-en.xml IMF e-Library