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Fiscal Multipliers in Bulgaria : Low But Still Relevant
Muir, Dirk - 2013
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and...
Persistent link: https://www.econbiz.de/10013085612
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Walking Hand in Hand : Fiscal Policy and Growth in Advanced Economies
Cottarelli, Carlo - 2012
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal...
Persistent link: https://www.econbiz.de/10013102268
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Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies
Baldacci, Emanuele - 2013
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...
Persistent link: https://www.econbiz.de/10013071366
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The Composition of Fiscal Consolidation Matters : Policy Simulations for Hungary
Guerson, Alejandro - 2013
This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determined by the mix of revenue and expenditure measures, has important implications for...
Persistent link: https://www.econbiz.de/10013073774
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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
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Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria
Elkhdari, Maria - 2018
At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issueof fiscal multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipliersfor Algeria applying several econometric methodologies, including Local...
Persistent link: https://www.econbiz.de/10012913901
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Fiscal Multipliers During Pandemics
Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10014079424
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Fiscal Multipliers and Informality
Colombo, Emilio; Furceri, Davide; Pizzuto, Pietro; … - 2022
This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 … size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional …. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and …
Persistent link: https://www.econbiz.de/10014083505
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Fiscal Consolidations and Growth : Does Speed Matter?
Pennings, Steven - 2013
consolidation size to allow speed to affect the multiplier. Second, using the narrative dataset of Devries and others (2011), we …
Persistent link: https://www.econbiz.de/10013071926
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Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries
Bi, Huixin - 2014
consumption, reducing the fiscal multiplier …
Persistent link: https://www.econbiz.de/10013055258