Narrow search
Showing 1 - 10 of 710
Cover Image
Trust What You Hear : Policy Communication, Expectations, and Fiscal Credibility
End, Nicolas; Hong, Gee Hee - 2022
How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the...
Persistent link: https://www.econbiz.de/10013295113
Cover Image
Fiscal Redistribution and Social Welfare
Coady, David P. - 2019
discussion of fiscal redistribution within the standard social welfareframework, which lends itself to a transparent and … practical evaluation of the extent anddeterminants of fiscal redistribution. Differences in fiscal redistribution are decomposed … factorsexplaining differences in their fiscal redistribution and to discuss patterns in fiscalredistribution highlighted in the …
Persistent link: https://www.econbiz.de/10012889140
Cover Image
Sub-National Credit Risk and Sovereign Bailouts : Who Pays the Premium?
Jenkner, E. - 2014
Spain and its autonomous regions from January 2010 to June 2013, we find support for our risk transfer hypothesis. We …
Persistent link: https://www.econbiz.de/10013058431
Cover Image
Structural Breaks in Fiscal Performance : Did Fiscal Responsibility Laws Have Anything to do with Them?
Caceres, Carlos - 2010
In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...
Persistent link: https://www.econbiz.de/10013135277
Cover Image
Fiscal Crises
Gerling, Kerstin - 2017
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
Cover Image
Fiscal Policy and Economic Activity During Recessions in Advanced Economies
Hemming, Richard; Mahfouz, Selma; Schimmelpfennig, Axel - 2021
Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial...
Persistent link: https://www.econbiz.de/10013317893
Cover Image
Leading Indicators of Fiscal Distress : Evidence from the Extreme Bound Analysis
Bruns, Martin - 2016
Early warning systems (EWS) are widely used for assessing countries' vulnerability to fiscal distress. Most EWS employ a specific set of only fiscal leading indicators predetermined by the researchers, which casts doubt on their robustness. We revisit this issue by using the Extreme Bound...
Persistent link: https://www.econbiz.de/10012996082
Cover Image
Predicting Fiscal Crises
Cerovic, Svetlana - 2018
This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...
Persistent link: https://www.econbiz.de/10012912485
Cover Image
Countercyclical Fiscal Policy and Gender Employment : Evidence from the G-7 Countries
Akitoby, Bernardin - 2019
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using the local projection method, we find that,...
Persistent link: https://www.econbiz.de/10012892913
Cover Image
Back to the Future : Fiscal Rules for Regaining Sustainability
Cevik, Serhan - 2019
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...
Persistent link: https://www.econbiz.de/10012858382