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Martin, Fernando M. - 2020

Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its...

Persistent link: https://www.econbiz.de/10012308453

How to starve the beast: fiscal and monetary policy rules

Martin, Fernando M. - 2019

, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …

Persistent link: https://www.econbiz.de/10012137093

Budget deficits, inflation accounting, and macroeconomic policy

Catsambas, Thanos - 1986

Persistent link: https://www.econbiz.de/10000711798

The monetary and fiscal history of Brazil, 1960-2016

Ayres, Joao; Garcia, Márcio Gomes Pinto; Guillen, Diogo; … - 2019

Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the … first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994 … crisis in the early 1980s. We show that the high-inflation period (1960-1994) was characterized by a combination of fiscal …

Persistent link: https://www.econbiz.de/10012008408

The impact of austerity policies on local income : evidence from Italian municipalities

Cerrato, Andrea; Filippucci, Francesco - 2022

Persistent link: https://www.econbiz.de/10013207012

Improving the Stability and Growth Pact by integrating a proper accounting of public investments : a new attempt

Bogaert, Henri - 2016

Persistent link: https://www.econbiz.de/10011504523

Do interest-growth differentials affect fiscal policy? : evidence for advanced economies

Heimberger, Philipp - 2023

This paper analyses the link between discretionary fiscal policy and interest-growth differentials (r-g). Panel regressions based on a dataset for 20 advanced countries over the years 1990-2019 reveal no evidence of a systematic linear relationship between fiscal policy and r-g. However, more...

Persistent link: https://www.econbiz.de/10014382638

A fiscal rule to achieve debt sustainability in Colombia

Arbeláez, María Angélica; Benítez, Miguel; Steiner, … - 2021

In order to enhance fiscal sustainability and regain “investment grade” credit rating, in 2011 Colombia implemented a fiscal rule (FR) on the Central Government's structural balance. Investment grade was rapidly attained, and FR targets were complied with, until 2019. Using the Synthetic...

Persistent link: https://www.econbiz.de/10012586878

Excess savings and twin deficits : the transmission of fiscal stimulus in open economies

Aggarwal, Rishabh; Auclert, Adrien; Rognlie, Matthew; … - 2022

Persistent link: https://www.econbiz.de/10013271317

Debt sustainability in Guatemala : institutional arrangement and quantitative analysis

Catalán-Herrera, Juan Carlos - 2020

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels, at the expense of adequate provisioning of public goods and services and a widening gap in social development and infrastructure. Since fiscal outcomes are not independent from...

Persistent link: https://www.econbiz.de/10012299175

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