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The costs of Greece's fiscal consolidation
Gechert, Sebastian; Rannenberg, Ansgar - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 47-59
This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis. We combine the fiscal multipliers from the meta regression analysis in Gechert and Rannenberg (2014) to the fiscal consolidation measures that have been implemented in Greece...
Persistent link: https://www.econbiz.de/10011498230
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Fiscal Rules and Discretion Under Limited Enforcement
Halac, Marina - 2019
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...
Persistent link: https://www.econbiz.de/10012894435
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Fiscal Rules and Discretion Under Limited Enforcement
Halac, Marina - 2019
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...
Persistent link: https://www.econbiz.de/10012895295
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Fiscal Rules and Discretion Under Self-Enforcement
Halac, Marina - 2017
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...
Persistent link: https://www.econbiz.de/10012946006
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The evolving functions and organization of finance ministries
Allen, Richard; Hurcan, Yasemin; Murphy, Peter; … - 2015
There is relatively little literature that analyses the role, functions, and organization of finance ministries. The …’s history and institutional context. Over the past 30 years many finance ministries have moved from a “traditional” to an …’s–length agencies or line ministries. The paper describes the challenges facing developing countries in strengthening their finance …
Persistent link: https://www.econbiz.de/10012692655
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Fiscal Rules and Discretion under Limited Enforcement
Halac, Marina - 2019
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...
Persistent link: https://www.econbiz.de/10012479419
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Review of the public financial management reform : strategy for Pacific Island Countries, 2010-2020
Allen, Richard; El Rayess, Majdeline; Doherty, Laura; … - 2020
the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The … reforms and leadership by finance ministries are critical. PFTAC's advice is highly regarded across the region, and it could …
Persistent link: https://www.econbiz.de/10012302044
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Fiscal rules and discretion under limited enforcement
Halac, Marina; Yared, Pierre - 2019
Persistent link: https://www.econbiz.de/10011982697
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Fiscal rules and discretion under self-enforcement
Halac, Marina; Yared, Pierre - 2018
Persistent link: https://www.econbiz.de/10011860203
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Fiscal rules and discretion under self-enforcement
Halac, Marina; Yared, Pierre - 2017
Persistent link: https://www.econbiz.de/10011747079