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Lessons Learned from Tax versus Expenditure Based Fiscal Consolidation in the European Transition Economies
Mirdala, Rajmund - Volkswirtschaftliche Fakultät, … - 2013
unsuccessful (cold showers versus gradual) fiscal (expenditure versus revenue based) consolidations by analyzing effects of … effects of fiscal shocks (based on one standard deviation in total expenditure, direct and indirect taxes) to real output. It … more precise ideas about a feasibility (i.e. side effects on the macroeconomic performance) of expenditure versus revenue …
Persistent link: https://www.econbiz.de/10011113068
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An investigation of granger causality between tax revenues and government expenditures
Hasan, Syed Akif; Subhani, Muhammad Imtiaz; Osman, Ms. Amber - Volkswirtschaftliche Fakultät, … - 2011
The nexus between government revenue and government expenditure always wins the attention of policy makers and think … unidirectional causality between government expenditures and the revenues, which government collects from public in shape of various … levied taxes. Annual data for Pakistan from the period of 1979 to 2010 for governmental expenditures and its tax revenue have …
Persistent link: https://www.econbiz.de/10009401067
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Effects of Fiscal Policy Shocks in the European Transition Economies
Mirdala, Rajmund - Volkswirtschaftliche Fakultät, … - 2009
an increase in government expenditures) as well as the role of automatic stabilizers (associated with an increase in tax … expenditure and tax revenue shocks. …
Persistent link: https://www.econbiz.de/10008550064
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Measuring fiscal stance for the United Kingdom, 1920-1990
van der Eng, Pierre - Volkswirtschaftliche Fakultät, … - 1992
of policies caused the stance of fiscal policy to fluctuate. After 1975 a gradual decline of public expenditure started …
Persistent link: https://www.econbiz.de/10011258592
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Public Capital Expenditure and Debt Dynamics: Evidence from the European Union
Bhatt Hakhu, Antra; Piergallini, Alessandro; … - Volkswirtschaftliche Fakultät, … - 2014
This paper investigates the relationship between public capital expenditure and public debt in the European Union (EU … relation, according to which increases in the capital expenditure-GDP ratio cause reductions in the debt-GDP ratio in the long … expenditure disregard its composition. Consistently with the “golden rule of public finance”, EU fiscal rules should allow for …
Persistent link: https://www.econbiz.de/10011201279
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High public debt in the euro area: still a fact
Stoian, Andreea; Alves, Rui Henrique - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we investigate the issues regarding the stabilization of public debt and its decrease down to 60 per cent of GDP for selected European Union countries using the primary balance derived from the public debt dynamic model as a leading indicator. We find that there is a high...
Persistent link: https://www.econbiz.de/10011262861
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Fiscal Policy and Public Debt Dynamics in Italy
Piergallini, Alessandro; Postigliola, Michele - Volkswirtschaftliche Fakultät, … - 2011
We examine the historical dynamics of government debt in Post-Unification Italy, from 1861 to 2009. Unit root tests for the debt-GDP ratio are unable to reject either the non stationarity or the stationarity null hypothesis. Controlling debt dynamics for fiscal feedback policies of the...
Persistent link: https://www.econbiz.de/10008805897
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An Evaluation of the Revenue side as a source of fiscal consolidation in high debt economies
Banerjee, Ritwik - Volkswirtschaftliche Fakultät, … - 2012
Unsustainable levels of debt for some European economies is causing enormous strain in the Euro area. How to tide over the debt crisis seems to be the most important objective the European policy makers are currently facing. We use a dynamic general equilibrium closed economy model to compute...
Persistent link: https://www.econbiz.de/10011258427
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La Financiación del Déficit del Gobierno Central: Sus Costos Económicos y la Independencia Del Banco Central en Colombia desde 1991. 
Parada, Jairo; Albor, Cristina - Volkswirtschaftliche Fakultät, … - 2011
Since 1991, public finance of the Colombian Central Government reveals an explosive pattern in the burden in terms of GDP of interest payments of public debt, reaching levels over 4%. This behavior is deeply connected with a debt financing public policy based on issuing public debt in the...
Persistent link: https://www.econbiz.de/10011258448
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Wagner's law and Italian disaggregated public spending: some empirical evidences
Magazzino, Cosimo - Volkswirtschaftliche Fakultät, … - 2010
Wagner’s Law is the first model of public spending in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, using a time-series approach. After a brief introduction, a survey of the economic...
Persistent link: https://www.econbiz.de/10008694030