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Hitchhiker's Guide to Inflation in Libya

Cevik, Serhan - 2013

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the econometric results indicate that government...

Persistent link: https://www.econbiz.de/10013082860

It's Never Different : Fiscal Policy Shocks and Inflation

Cevik, Serhan; Miryugin, Fedor - 2023

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal policy stance. Second, we split the sample and observe...

Persistent link: https://www.econbiz.de/10014354525

Deep Roots of Fiscal Behavior

Cevik, Serhan - 2014

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990–2012. The empirical results show that discretionary fiscal policy is influenced by policy...

Persistent link: https://www.econbiz.de/10013055674

Riding the Storm : Fiscal Sustainability in the Caribbean

Cevik, Serhan - 2020

Fiscal sustainability remains a paramount challenge for small economies with high debt and greater vulnerability to climate change. This paper applies the model-based sustainability test for fiscal policy in a panel of 16 Caribbean countries during the period 1980-2018. The results indicate that...

Persistent link: https://www.econbiz.de/10012840607

Smooth Operator : Remittances and Fiscal Shocks

Beaton, Kimberly - 2017

. While there is abundant evidence that remittances facilitate consumption smoothing in receiving countries, the literature … the impact of remittances on the stability of household consumption, using both cross-country and household-level datasets …. Our focus is on whether the consumption-smoothing effect changes with fiscal policy phases and whether remittances and …

Persistent link: https://www.econbiz.de/10012950376

The Day after Tomorrow : Designing an Optimal Fiscal Strategy for Libya

Caceres, Carlos - 2013

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal...

Persistent link: https://www.econbiz.de/10013082926

Growing (Un)Equal : Fiscal Policy and Income Inequality in China and BRIC

Cevik, Serhan - 2015

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find...

Persistent link: https://www.econbiz.de/10013023277

Back to the Future : Fiscal Rules for Regaining Sustainability

Cevik, Serhan - 2019

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...

Persistent link: https://www.econbiz.de/10012858382