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Fiscal Consolidation in Israel : A Global Fiscal Model Perspective

Elekdag, Selim Ali - 2006

Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities, their implementation is usually postponed. This paper represents, to the best of...

Persistent link: https://www.econbiz.de/10012779074

Fiscal Transparency and the Performance of Government Financial Assets

Seiferling, Mike - 2015

Stock-flow adjustments are typically measured as the difference between changes in gross debt and deficits. These are interpreted as a proxy for unexplained fiscal discrepancies, and often associated with a lack of fiscal transparency. However, such measures fail to capture the role of financial...

Persistent link: https://www.econbiz.de/10013027657

From Containment to Rationalization : Increasing Public Expenditure Efficiency in France

Hallaert, Jean-Jacques - 2016

Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable fiscal consolidation. The methodology is based on a...

Persistent link: https://www.econbiz.de/10012996033

The Evolving Functions and Organization of Finance Ministries

Allen, Richard - 2016

There is relatively little literature that analyses the role, functions, and organization of finance ministries. The …'s history and institutional context. Over the past 30 years many finance ministries have moved from a 'traditional' to an …'s-length agencies or line ministries. The paper describes the challenges facing developing countries in strengthening their finance …

Persistent link: https://www.econbiz.de/10013002149

Fiscal Consequences of Terrorism

Cevik, Serhan - 2016

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative effect on tax revenueperformance, after...

Persistent link: https://www.econbiz.de/10013002155

Trends in Fiscal Transparency : Evidence from a New Database of the Coverage of Fiscal Reporting

Wang, Rachel - 2015

balance sheet, and whether spending and revenue are reported on a cash or accrual basis. Drawing on government finance …

Persistent link: https://www.econbiz.de/10013015594

Deflation and Public Finances : Evidence from the Historical Records

End, Nicolas - 2015

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

Now or Later? The Political Economy of Public Investment in Democracies

Gupta, Sanjeev - 2015

This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...

Persistent link: https://www.econbiz.de/10013015609

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

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