Showing 1 - 6 of 6
This paper examines two main aspects of the interaction between fiscal and monetary policy in emerging market economies. First, it explores the interest rate-inflation relationship in economies with different levels of external and domestic public debt using panel- and crosssection data. The...
Persistent link: https://www.econbiz.de/10005599483
Persistent link: https://www.econbiz.de/10011245871
In recent years financial globalization and benign global market conditions have helped emerging markets in their external financing and budgetary positions. This paper examines three related issues: (i) the importance of the impact of the benign financial environment on fiscal performance; (ii)...
Persistent link: https://www.econbiz.de/10005769078
The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a...
Persistent link: https://www.econbiz.de/10005599708
other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and …
Persistent link: https://www.econbiz.de/10011123823
References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. The case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally...
Persistent link: https://www.econbiz.de/10005825886