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Revisiting fiscal sustainability : panel cointegration and structural breaks in OECD countries
Afonso, António; Jalles, João Tovar - 2012
Persistent link: https://www.econbiz.de/10009765143
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Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries
Afonso, António; Jalles, João Tovar - 2012
Persistent link: https://www.econbiz.de/10011562359
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The costs of Greece's fiscal consolidation
Gechert, Sebastian; Rannenberg, Ansgar - 2015
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/10010500618
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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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Revisiting Fiscal Sustainability : Panel Cointegration and Structural Breaks in OECD Countries
Afonso, António - 2012
We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration – absence of sustainability – between...
Persistent link: https://www.econbiz.de/10013102099
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Do Fiscal Rules Lower Government Financing Costs?
Afonso, António - 2017
We assess the effect of fiscal rules on sovereign bond yields over the short and medium-term, for 34 advanced countries and 21 emerging market economies, over the period 1980-2016. Our results, based on impulse response functions, show that the dynamic impact of fiscal rules on bond yields is...
Persistent link: https://www.econbiz.de/10012942833
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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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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 fiscal counter-cyclicality
Jalles, João Tovar - In: Economics letters 170 (2018), pp. 159-162
Persistent link: https://www.econbiz.de/10012019645
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Sovereign debt composition and time-varying public finance sustainability
Afonso, António; Jalles, João Tovar - In: The North American journal of economics and finance : a … 42 (2017), pp. 144-155
Persistent link: https://www.econbiz.de/10011938090