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The speed, reach, and magnitude of the Coronavirus (Covid-19) pandemic sent a shockwave around the globe that tested the capacity of Public Finance Management (PFM) systems to support governments' responses to crises. Fiscal transparency was not a foremost priority for decisionmakers during the...
Persistent link: https://www.econbiz.de/10013544825
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numbers of students enrolled. Five of the six case study countries, Armenia, Estonia, Lithuania, Poland and the Russian …
Persistent link: https://www.econbiz.de/10012550443
the enterprise and financial sectors in Estonia. The report uses International Financial Reporting Standards (IFRSs …
Persistent link: https://www.econbiz.de/10012559386
institutions maintained by the state prior to transition. During preparation of the Estonia Agriculture Project, the government …, Estonia has stabilized its macroeconomic situation and moved rapidly towards a market economy. Living standards, which … production has begun to revive. However, similar results have not materialized in rural areas. Estonia has the potential to be …
Persistent link: https://www.econbiz.de/10012556732
"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10011394101
"Political economy explanations for fiscal profligacy are dominated by models of bargaining among organized interest groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments consisting of a coalition of political parties spend more than...
Persistent link: https://www.econbiz.de/10010520997
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10010522058