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The Fiscal Stance in Japan : A Model-Based Analysis

Fournier, Jean-Marc; Hisanaga, Takuma; Nguyen, Anh D.M - 2022

This paper assesses Japan’s fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model...

Persistent link: https://www.econbiz.de/10014077412

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

Fiscal Challenges of Population Aging in Brazil

Cuevas, Alfredo - 2017

In recent decades, population has been aging fast in Brazil while old age pensions and health related spending have increased. As the population ages, the spending trend threaten to reach unsustainable levels absent reforms. Increasing the retirement age is key, but by itself will not provide...

Persistent link: https://www.econbiz.de/10012956468

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

Finland's Public Sector Balance Sheet : A Novel Approach to Analysis of Public Finance

Brede, Maren - 2018

We construct a comprehensive public sector balance sheet for Finland from 2000 to 2016 by complementing general government statistics with data on public corporations and public pensions. We show that exposure to valuation changes in equity markets through asset holdings and increases in pension...

Persistent link: https://www.econbiz.de/10012918560

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

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

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

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