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includes national saving rate and budget deficit rate, to test the Ricardian Equivalence hypothesis. In this framework we … separate saving and deficit movements into two types of shocks, associated with structural parameters, as we looking for two … private saving compensated a big fraction 90 per cent of the shock in budget deficit. This supports the interpretation that …
Persistent link: https://www.econbiz.de/10011108619
The purpose of this paper is to test the Ricardian Equivalence hypothesis REH by estimating a SVAR model. In this … framework, we separate the co-movements of saving rate and budget deficit rate into two types of shocks, associated with … suggest that the REH applies to Moroccan economy, since private saving compensates a big fraction i.e. 90 percent of the shock …
Persistent link: https://www.econbiz.de/10011114456
-growth and budget deficit by using structural VAR methodology with quarterly macroeconomic data of Moroccan economy. The SVAR …
Persistent link: https://www.econbiz.de/10011107590
The purpose of this paper is to test the Ricardian Equivalence Hypothesis REH by estimating a SVAR model. In this … framework, we separate the co-movements of saving rate and budget deficit rate into two shocks, associated with structural … that REH is applicable to Moroccan economy, since private saving compensates a large fraction i.e. 90% of the shock in …
Persistent link: https://www.econbiz.de/10012770574
Blanchard develops four main arguments concerning the costs of public debt when safe interest rates are low.First, the current US situation in which safe interest rates are expected to remain below growth rates for a long time is more the historical norm than the exception. If the future is like...
Persistent link: https://www.econbiz.de/10012891270
Der Wahlkampf zur Bundestagswahl 2021 bringt verschiedene Forderungen an den zukünftigen Bundeshaushalt mit sich. So muss dieser in der kommenden Legislaturperiode womöglich die "Mütterrente" finanzieren, die EEG-Umlage übernehmen, den Anstieg der Sozialbeitragsquote über 40 Prozent...
Persistent link: https://www.econbiz.de/10012618690
The paper analyses the EU fiscal rules from a political economy perspective and derives some policy lessons. Following a literature survey, the paper stresses the importance of appropriate incentives for rule compliance in an environment where national fiscal sovereignty precludes the option of...
Persistent link: https://www.econbiz.de/10013318863
The paper argues that there are important links between asset prices and public finances which can strongly affect the variability of fiscal balances. Asset prices affect fiscal balances via capital gains and turnover related taxes, and via wealth effects on consumption and indirect taxes. The...
Persistent link: https://www.econbiz.de/10013320240
Main changes have occurred in the comprehension and practice of fiscal policy over the last century. In this paper we do a brief historical account and show that the prominence of fiscal policy as a policy tool has waxed and waned, a condition that has hindered the capability of researchers to...
Persistent link: https://www.econbiz.de/10011772174
In this paper we try to realize a study on the interdependencies and correlation between the fiscal policy and financial and economic crisis in Romania. First, we analyze the taxation system in Romania before and after the start of economic crisis to establish the correlation between the level...
Persistent link: https://www.econbiz.de/10009143827