Narrow search
Showing 41 - 50 of 247
Cover Image
Probabilistic Sustainability of Public Debt : A Vector Autoregression Approach for Brazil, Mexico, and Turkey
Samake, Issouf - 2015
This paper examines the sustainability of fiscal policy under uncertainty in three emerging market countries, Brazil, Mexico, and Turkey. For each country, we estimate a vector autoregression (VAR) that includes fiscal and macroeconomic variables. Retrospectively, a historical decomposition...
Persistent link: https://www.econbiz.de/10012750434
Cover Image
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 …
Persistent link: https://www.econbiz.de/10012858382
Cover Image
Advancing Inclusive Growth in Cambodia
Hansen, Niels-Jakob - 2019
. At the same time, domestic revenue mobilization has improved substantially, but collection of tax revenue is biased … infrastructure spending by raising (i) VAT, (ii) property tax, or (iii) personal income tax. We find that using property taxes … additional investments in tax administration …
Persistent link: https://www.econbiz.de/10012860994
Cover Image
A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change
Nakatani, Ryota - 2019
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012860997
Cover Image
International Fiscal-Financial Spillovers : The Effect of Fiscal Shocks on Cross-Border Bank Lending
Choi, Sangyup - 2019
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...
Persistent link: https://www.econbiz.de/10012864117
Cover Image
A Model-Based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance
Fournier, Jean-Marc - 2020
This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis,...
Persistent link: https://www.econbiz.de/10012839319
Cover Image
The (Subjective) Well-Being Cost of Fiscal Policy Shocks
Eklou, Kodjovi - 2020
Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective …
Persistent link: https://www.econbiz.de/10012840601
Cover Image
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
Cover Image
How Big are Fiscal Multipliers in Latin America?
Restrepo, Jorge - 2020
common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax …
Persistent link: https://www.econbiz.de/10012840611
Cover Image
Do Fiscal Rules Cause Fiscal Discipline Over the Electoral Cycle?
Eklou, Kodjovi - 2020
This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...
Persistent link: https://www.econbiz.de/10012843304