Showing 1 - 10 of 142
. To illustrate these benefits, this paper shows how PSBSanalysis can be applied to assess risks to Indonesia's public …Public sector balance sheets (PSBS) provide a framework for comprehensive and deepanalysis of fiscal risks and policies …
Persistent link: https://www.econbiz.de/10012869289
This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
Persistent link: https://www.econbiz.de/10013302709
). Despite their size, these financial positions have not brought significant financial stability risks to the country. On the …
Persistent link: https://www.econbiz.de/10013306734
This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the...
Persistent link: https://www.econbiz.de/10013084471
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
Persistent link: https://www.econbiz.de/10012889147
Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure...
Persistent link: https://www.econbiz.de/10012864096
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 … fiscal policy response is not adequate to ensure sustainability at higher levels of debt. We also find that the fiscal stance …
Persistent link: https://www.econbiz.de/10012840607
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …
Persistent link: https://www.econbiz.de/10012858382
persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained … weather the economic impact of the COVID-19 pandemic. This paper performs a stochastic analysis of risks to Dutch fiscal and … debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal …
Persistent link: https://www.econbiz.de/10013250092
Reform of Lebanon's pension system is indispensable. The country already faces fiscal sustainability risks, which will … demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings-Lebanon is the only …
Persistent link: https://www.econbiz.de/10012995262