Showing 1 - 10 of 11
We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries … for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust … across efficiency models. Moreover, peripheral euro-area economies and economies with debt-to-GDP ratios between 60% and 90 …
Persistent link: https://www.econbiz.de/10013202419
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which … the input efficiency scores obtained, countries' fiscal balance and fiscal sustainability is directly improved by the use …
Persistent link: https://www.econbiz.de/10013187684
This study examines the effects of the tax structure composition for public sector efficiency in a sample of 41 … indicators and use them as outputs to compute data envelopment analysis (DEA) efficiency scores under different orientation … different taxes for public efficiency in a panel regression specification. We find that tax effects are significantly different …
Persistent link: https://www.econbiz.de/10014393239
We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...
Persistent link: https://www.econbiz.de/10012938962
We analyze the migration drivers within the European Union countries. For a set of 23 EU countries over the 1995-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings. We find that the existence of a common border...
Persistent link: https://www.econbiz.de/10013463673
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn's (1998) approach through Schlicht's (2003)...
Persistent link: https://www.econbiz.de/10014313459
We study the effect of monetary policy surprise shocks on real output and the price level, conditioned on different fiscal stances in the period 2001Q4-2021Q4 for a panel of the 19 countries of the Euro Area. Applying local projection methodology, we find that the effect of monetary shocks...
Persistent link: https://www.econbiz.de/10014336399
Acknowledging the potential detrimental impact that twin-deficits may have on sovereign risk, this study uses a two-step approach to assess the impact of fiscal and external sustainability on sovereign risk dynamics for a panel of 27 European Economies between 2001Q4 and 2022Q3. To do so, we...
Persistent link: https://www.econbiz.de/10014486806
We assess the impact of geopolitical risk and world uncertainty on the sovereign debt risk of 26 European Economies during the period 1984-2022, through the implementation of OLS-Fixed Effects regressions and the Generalized Method of Moments (GMM). We find that geopolitical tensions and global...
Persistent link: https://www.econbiz.de/10014442414
We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This function captures the response of the primary...
Persistent link: https://www.econbiz.de/10014444867