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This volume covers the proceedings of the ZAFIN Finance and Sustainability conference, organized by the Wroclaw … authors analyze a variety of issues related to recent finance problems, including corporate finance, public finance, monetary … and fiscal policy issues, and risk management. The book also discusses topics related to sustainable finance, the …
Persistent link: https://www.econbiz.de/10012399233
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
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/10013097742
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
This paper investigates the effect of fiscal transparency on market assessments of sovereign risk, as measured by credit ratings. It measures this effect through a direct channel (uncertainty reduction) and an indirect channel (better fiscal policies and outcomes), and it differentiates between...
Persistent link: https://www.econbiz.de/10013102173
This paper examines the impact of deflation on fiscal aggregates. With deflation relatively rare in modern history, it relies mostly on the historical records, using a dataset panel covering 150 years and 21 advanced economies. Empirical evidence shows that deflation affects public finances...
Persistent link: https://www.econbiz.de/10013015606
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
A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries...
Persistent link: https://www.econbiz.de/10012956473
in at least four ways: It looks at the budget as the result of many variables that are outside the finance department … retired as an Emeritus Foundation Professor of Applied Public Finance in 2013. He is a member of the Arizona Economic Round … Management awarded him the Aaron Wildavsky lifetime achievement award for public budgeting and finance. …
Persistent link: https://www.econbiz.de/10013287752
Finance -- 6. Public Finance -- 7. Conclusion. …
Persistent link: https://www.econbiz.de/10012399224