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importance of assessing fiscal pol-icy consolidations aimed at ensuring debt sustainability and responses to global shocks using …
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rate on bonds. In equilibrium, the price level is determined according to the fiscal theory of the price level. However …
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fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation … fiscal sustainability issues. Nevertheless, our quantitative results are limited to short spans of analysis. With a long …
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We investigate the relation between existing fiscal rules and investments in the context of a fiscal crisis in Brazil. We analyze existing fiscal rules at national and subnational levels, their enforcement, and proposed alternatives. Using narrative analysis, case studies, interviews, empirical...
Persistent link: https://www.econbiz.de/10012586295
This paper presents the framework and methodology for the economic valuation of the knowledge-based economy in five Latin American (LA) countries, namely Costa Rica, El Salvador, Mexico, Peru and the Dominican Republic, for which a new database (IDB-Ivie, 2020) has recently been released. It...
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This paper analyzes the sustainability of Costa Rican sovereign debt within the intertemporal budget constraint … in the long run, and in the short run there have been few instances of debt sustainability since the economic crisis of …
Persistent link: https://www.econbiz.de/10012587645
primary balance. The sustainability exercise also showed that fiscal policy is sustainable. However, it is found that this … sustainability was not a result of appropriate fiscal policy. While factors outside of the Governments control worsened the primary …
Persistent link: https://www.econbiz.de/10012298406