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Measurement and determinants of access to loans

Hainz, Christa; Nabokin, Tatjana - 2013

limitations perception-based indicators or approximations of access to finance by the usage of finance are often used …, disregarding firm-specific differences in the demand for external finance. Using unique firm-level survey data, which provide … for future survey design. -- access to finance ; usage of finance ; credit demand, perceived access to finance …

Persistent link: https://www.econbiz.de/10009728261

The importance of geographic access for the impact of microfinance

Alimukhamedova, Nargiza; Filer, Randall Keith; Hanousek, Jan - 2015

The geographic distance between a household and financial institutions may constitute a significant obstacle to achieving the benefits of modern financial institutions. We measure the impact of improved distance-related access to microcredits in Uzbekistan. Residents living closer to...

Persistent link: https://www.econbiz.de/10011292967

What should fiscal councils do?

Calmfors, Lars; Wren-Lewis, Simon - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10009011182

The Swedish fiscal policy council : watchdog with a broad remit

Calmfors, Lars - 2012

The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...

Persistent link: https://www.econbiz.de/10009488889

Fiscal transfers and fiscal sustainability

Potrafke, Niklas; Reischmann, Markus - 2014

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Persistent link: https://www.econbiz.de/10010260027

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - 2016

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...

Persistent link: https://www.econbiz.de/10011474674

The effects of fiscal institutions on public finance : a survey of the empirical evidence

Kirchgässner, Gebhard - 2001

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...

Persistent link: https://www.econbiz.de/10011408436

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

Caceres, Carlos - 2012

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...

Persistent link: https://www.econbiz.de/10013096279

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

Caceres, Carlos - 2012

Persistent link: https://www.econbiz.de/10013097742

Great Recession and Fiscal Squeeze at U.S. Subnational Government Level

Jonas, Jiri - 2012

The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states responded to close the budget gaps in order to obey the balanced budget provisions. It highligts the...

Persistent link: https://www.econbiz.de/10013098614