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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
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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The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time - 200 years or more - and is still evolving. It discusses Douglass North's prediction - which is supported by available data - that institutional...
Persistent link: https://www.econbiz.de/10013159756
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
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/10013315109