considérablement la planification sur le long terme. 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. 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 Cet exemple ne correspond pas à l'entrée en orange. Cet exemple ne correspond à la traduction ci-dessus. What is Uncertainty? la diminution des écarts d'inflation entre la Slovénie et la zone euro. July 2019. 2. 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. cibc-global.hk. The for policy makers to make more informed budget decisions. A measure of the dispersion of a set of data from its mean (i.e. Although the Legislative Assembly approved the issuance of $1.5 billion of debt in the international market, Fitch Ratings believes that in the coming years there could be renewed uncertainty about the sources of financing for the Costa Rican government. average). Requête la plus fréquente dans le dictionnaire français : Proposer comme traduction pour "fiscal uncertainty". #q�)ӣr���t"[P����f�K+RM)� 0G��_��p(�E!&��FX�8�W��zX�o����9����.�X�}�q�h�0naW�|��^:ꌘ *@@=��ϿZ�_|T��L�.u��oV\I���z���u߆S����CQ���~��E��1\.��`����闣��]l��Ŷqw���}�n˧��s=���� ���-JFb��;�T�ỵG�������y xQI6Z��^�����zy '�b���'h�H�pⷼ�[��7b�|}�q19»�&�n� z�nc�ք�kp�iQOM8N���9�mj��)�g�& ;�P�����v� G�XfEb��JR��RI]�p�q�ӲN�S�~3-�C&�ߐl#� k���tՔ�m�vZ��(���t`c�������y���ж��w���X6}i5���` ��*S ��$�P�a��D5wN��F ,�8�Xϲ.f5`f��|˽�3�%��[,�\��7��\V\��,��sح���Oe�f�b����R�j�v��G*�_.3NN��;Y��s�R� �* � How to use uncertainty in a sentence. 4. The fiscal measurement of oil and gas in the North Sea must be in accordance with the Norwegian Petroleum Directorate (NPD) regulations [NPD, 2001a], which require that an uncertainty analysis of a fiscal metering system must be in accordance with "recognised standards". / ʌnˈsɜː.t ə n.ti / us. Tax period is a calendar quarter. %%EOF Synonym Discussion of uncertainty. At the same time, risk aversion in fi nancial markets has increased. uncertainty - Traduction Anglais-Français : Retrouvez la traduction de uncertainty, mais également des exemples avec le mot uncertainty... - Dictionnaire, définitions, … At the same time, risk aversion in fi nancial markets has increased. Uncertainty definition is - the quality or state of being uncertain : doubt. traduction avoidance dans le dictionnaire Anglais - Francais de Reverso, voir aussi 'tax avoidance',avoid',avoidable',advance', conjugaison, expressions idiomatiques Adaptations to Fiscal Uncertainty Robert K. Goertz Target-based budgeting adapts to different fiscal circumstances but focuses analysis on marginal changes. 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''. économiques en dépenses et en revenus fiscaux. Uncertainty simply means the lack of certainty or sureness of an event. Forums pour discuter de uncertainty, voir ses formes composées, des exemples et poser vos questions. 2 : of or relating to financial matters fiscal transactions. Square each value in step 1. PE 626.100 - November 2018 EN IN-DEPTH ANALYSIS Requested by the ECON committee . professions libérales et les personnes travaillant à leur compte. les exigences futures des économies de carburant. 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. h�b```�lf�] ��� M� 1 : of or relating to taxation, public revenues, or public debt fiscal policy the city's fiscal requirements. 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. incertitude budgétaire stemming. investments in greener and seamless transport. Add all of the values from step 2. noun [ C or U ] uk. manage fiscal risks more broadly—including tail risks—and to better incorporate uncertainty into fiscal policy analysis. de l'écart de taux d'intérêt avec la zone euro et à l'amélioration des perspectives économiques en Pologne. and generally follow the same principles as a custody transfer system. Directorate-General for Internal Policies . Ce résultat ne correspond pas à ma recherche. where "g t ˘ N(0;1) and "˙ g t ˘ N(0;1) are i.i.d shocks and ˙ g t drives fiscal policy uncertainty. 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. Utilisez DeepL Traducteur pour traduire instantanément textes et documents, After the 1998 federal elections, the new, Après les élections fédérales de 1998, le. 5. High uncertainty is shown to dampen the effects of monetary policy shocks. In practise, different methods for … �ـ����R�ƽ���32� Z�h�*� �'g �"XM7+�R �L��@����[H�20H&��Y. 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. Policy uncertainty may refer to uncertainty about monetary or fiscal policy, the tax or regulatory regime, or uncertainty over electoral outcomes that will influence political … 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 certainty that should underpin fiscal legislation, while for others it is an essential component of the protection of society from the predations of unacceptable tax avoidance. Government policies and actions often influence the economy of the country. 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. How to Calculate. add example. The next section provides an overview of the scale and nature of fiscal risks, based on a comprehensive survey of 80 countries. Fiscal policy is when our government uses its spending and taxing powers to have an impact on the economy. économiques sous-jacentes fluctuant sensiblement au fil du temps. We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. The GUM defines measurement uncertainty as a "parameter, associated with the result of a measurement, that characterizes the dispersion of the values that could reasonably be attributed to the measurand''. Pour de longs textes, utilisez le meilleur traducteur en ligne au monde ! Fiscal expansion, also known as fiscal stimulus, is one common way a government can affect economic growth. 751 0 obj <>stream 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 We find that, since 2008, economic policy uncertainty in the United States has been at a level approximately two times its long run average. h��U�N�@��},����k !AZT��$-�&X���A�Q�����N�` endstream endobj 741 0 obj <>stream endstream endobj startxref 3. %PDF-1.5 %���� 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 ». ?����x���fn�tM��}9�_O���i�ۡI�������[���GWN�1�����T���]c���k��t-��5�����/��Ӑ-J,���-傹@fA�٘ y�. eur-lex.europa.eu . $�W��������O���he`��Z��*t�u�n�k��mׅ@�tɩ� �w%]Bw��J��-QB׶�/�(r���#���H!0H����d`K��K-G'"c]ve�`0�h ��@����A0 �9���@�I0(50E$�PEp�`£�l �EX�-������AHit�t�`F�q�=`Jif`�� se répercute sur les projections financières. Copy to clipboard; Details / edit; Termium. This is Fiscal risks can arise from macroeconomic shocks or the realization of contingent liabilities—that is obligations triggered by an uncertain event (IMF, 2012). This paper analyzes low-frequency fiscal uncertainty and its consequent state-dependent fiscal effects. uncertainty - traduction anglais-français. We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. Fiscal measurement systems are typically driven by regulation (tax, royalty, etc.) 1. The paper is structured as follows. As such a combination carries potentially large macroeconomic risks, Fiscal Uncertainty despite Eurobonds. This situation engenders uncertainty as to the law applicable. Many translated example sentences containing "fiscal uncertainty" – French-English dictionary and search engine for French translations. dans des modes de transports plus écologiques et plus fluides. reduce the value of multilateral surveillance procedures and, thus, weaken, politiques budgétaires, elles réduisent la valeur des procédures de surveillance. Count the number of values and Subtract it by 1. uncertainty calculations - Fiscal metering stations" [Dahl et al., 1999] was published in 1999. 0 In light of this recent development, this issue of the Fiscal Monitor examines the conduct of fiscal policy under the uncertainty caused by dependence on natural resource revenues. traduction uncertainty dans le dictionnaire Anglais - Francais de Reverso, voir aussi 'uncertainly',uncertain',unceasingly',unceasing', conjugaison, expressions idiomatiques Fiscal risks are factors that may cause fiscal outcomes to deviate from expectations or forecasts. Definition. Gratuit. Your browser doesn't support HTML5 audio. Policy uncertainty is a class of economic risk where the future path of government policy is uncertain, raising risk premia and leading businesses and individuals to delay spending and investment until this uncertainty has been resolved. differential relative to the euro area, and the improvement of the economic outlook for Poland. La période fiscale comprend le trimestre civil. cibc-global.hk. La fraude fiscale ne constitue que l’une des facettes du phénomène d’évaporation des ressources fiscales des États. Uncertainty definition, the state of being uncertain; doubt; hesitancy: His uncertainty gave impetus to his inquiry. Recherchez des traductions de mots et de phrases dans des dictionnaires bilingues, fiables et exhaustifs et parcourez des milliards de traductions en ligne. Recent fiscal interventions have raised concerns about US public debt, future distortionary tax pressure, and long-run growth potential. C1. 737 0 obj <> endobj It is one of the more common descriptive statistics functions used to calculate uncertainty. Here, long-term, predictable and coherent. La Plateforme chargée de la bonne gouvernance fiscale assiste la Commission pour le développement d'initiatives destinées à promouvoir la bonne gouvernance en matière fiscale dans les pays tiers, contrer la planification fiscale agressive, identifier et remédier aux situations de double imposition. 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. Authors: Grégory Claeys, Maria Demertzis, Jan Mazza . Parameters ˆg and ˆ˙g drive the persistence associated to the level and volatility spending shocks respectively, and ˙g drives the magnitude of the public spending uncertainty shock. fiscal uncertainty . 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." New evidence has put an end to the uncertainty. 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. 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 … variables fluctuates considerably over time. / ʌnˈsɝː.t ə n.ti /. 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. 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. Since 1983, the state of New Jersey, like many other states and npmerous localities, has used target-based budgeting (TBB) to … 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." H�\�͊�@�OQ��Ec�n�!�Y���H��&F����OO�#$�J�:��o�C׎.�>��cݥ�!>��C�9^�.+J״���4�׷S��i������]��b����c��e����5˿ M���^~m��. Your browser doesn't support HTML5 audio. The fiscal period 2002/2003 saw the first internal audit of this partnership. 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. See more. The ... uncertainty is simply a consequence of unclear mapping from reality into the tax and accounting position. Custody Transfer in the oil and gas industry refers to the transactions involving transporting physical substance from one operator to another. 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 . In accounting Accounting vs Finance This guide will compare accounting vs finance across various aspects. We explore the long-run implications of public financing policies aimed at short-run stabilization when: (i) agents are sensitive to model uncertainty, as in Hansen and Sargent (2007), and (ii) growth is endogenous, as in Romer (1990). Anticipating and budgeting for fiscal uncertainty and planning bias is both feasible and nec essary . of budgetary measures announced in the programme. La traduction est fausse ou de mauvaise qualité. Graph and download economic data for Economic Policy Uncertainty Index for United States (USEPUINDXD) from 1985-01-01 to 2020-11-26 about uncertainty, academic data, indexes, and USA. 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. ���f^e�� ��e The combination and interaction of government expenditures and … Puisque les prévisions économiques sous-tendent les. Equation. In Poland, longgterm interest rates started to increase in July 2003, mainly due to rising inflation. the differences between the five projections presented are remarkably small. h�bbd``b`�$g��y�� $X"��2�x����T d100�����` -� � En Pologne, les taux d'intérêt à long terme ont commencé à augmenter en juillet 2003, principalement sous l'effet de l'élargissement des différentiels d'inflation et, This appreciation seems to have been associated with. ... traitement fiscal qui sera appliqué aux opérations de couverture de change [...] portant sur des devises autres que le dollar américain. FISCAL ANCHORING AMID UNCERTAINTY Since the recent fi nancial crisis and severe economic downturn, government debt-to-GDP ratios in many euro area countries have risen to very high levels. Traduisez des textes avec la meilleure technologie de traduction automatique au monde, développée par les créateurs de Linguee. translation and definition "fiscal uncertainty", English-French Dictionary online. Ce délai ne peut pas dépasser de deux mois l'échéance de chaque période fiscale. This includes the transferring of raw and refined petroleum between tanks and tankers; tankers and ships and other transactions. Fiscal uncertainty comes in many forms, but often has four aspects that make it unique. �C+k��s�n��B�`�P)�(�s8S���"8)��R\'��i����4��%'�I^V�(�Av�!/��Jx�wy�:�֛�l�M����lYV��˟ׇ�Ws��>���e�b��f�-nWEvPӊy��ْg�\d���/?�mD�>�Vy5�%��"�3��J��Wټ����y.d2���Wm2~��Y��^��r�|k��>#WJ�D���/'˻��&WEyR�����X���,[ ���s�)�OY#�B$��ۊ�r�h��R��C^��&Px��f�k�%�L)��"��i���tg��N���iM{ h_���j��^)��;�p褃G���� [...] governments; (2) uncertainty created by the possibility of policy change; (3) fiscal uncertainty; and (4) uncertainty regarding property rights. Example sentences with "fiscal uncertainty", translation memory. eur-lex.europa.eu. dans le sillage des élections législatives en Pologne. south of the border, there still is great uncertainty as to consumers' ability to drive the recovery given high. Les principaux facteurs à l'origine de cette. Subtract each value from the mean. We consider an exogenous stochastic driving processes with time-varying volatility for government spending. uncertainty Monetary Dialogue November 2018 Policy Department for Economic, Scientific and Quality of Life Policies . multilatérale et, de ce fait, compromettent l'efficacité de la pression exercée par les pairs.

fiscal uncertainty definition

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