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Are the Poor Protected from Budget Cuts? Theory and Evidence for Argentina
Ravallion, Martin - 2017
fiscal austerity - is an empirical question, which the author addresses using data from Argentina. Aggregate budget cuts in …
Persistent link: https://www.econbiz.de/10012971045
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The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil
Blanco, Fernando - 2016
The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10012747922
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Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada
Tsoungui Belinga, Vincent De Paul - 2017
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed … interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada … explicitly accounts for spillovers from the U.S., Canada's main trading partner, and for oil price fluctuations. The findings …
Persistent link: https://www.econbiz.de/10012969405
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On Promoting Fiscal Discipline : The Role of Exchange Rate Regimes, Fiscal Rules and Institutions
Keita, Kady Synthia - 2019
This paper examines how fiscal rules, exchange rate regimes, and institutional quality affect the cyclical behavior of fiscal policy (how government spending responds to fluctuations in gross domestic product). The analysis is performed on a panel of 153 advanced, emerging, and developing...
Persistent link: https://www.econbiz.de/10012865083
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Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation?
Munoz, Ercio - 2019
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the government to change the size and structure of the...
Persistent link: https://www.econbiz.de/10012865091
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Global Fiscal Adjustment and Trade Rebalancing
McKibbin, Warwick J. - 2017
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...
Persistent link: https://www.econbiz.de/10012975282
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The Challenges to Long Run Fiscal Sustainability in Romania
Canagarajah, Sudharshan - 2017
Romania, along with many other countries in the European Union, faces daunting fiscal challenges. Fiscal balances deteriorated sharply following the global economic crisis, forcing Romania to implement a fiscal consolidation that was one of the largest in the European Union, but which may not be...
Persistent link: https://www.econbiz.de/10012975527
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Laws for Fiscal Responsibility for Subnational Discipline : International Experience
Liu, Lili - 2017
characteristics and effects of fiscal responsibility laws in seven countries -- Argentina, Australia, Brazil, Canada, Colombia, India …
Persistent link: https://www.econbiz.de/10012976097
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Incentives for Public Investment Under Fiscal Rules
Mintz, Jack - 2016
The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with long-run returns since politicians concerned about...
Persistent link: https://www.econbiz.de/10012748069
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Oil Discovery and Macroeconomic Management : The Recent Ghanaian Experience
Bawumia, Mahamudu - 2017
This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a deterioration of the external balance, and a...
Persistent link: https://www.econbiz.de/10012946315