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The Confidence Effects of Fiscal Consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - C.E.P.R. Discussion Papers - 2014
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission …) show that consolidations, and in particular their unanticipated components affect confidence negatively. The effects are … accurate picture of how consolidations affect confidence, we construct a monthly dataset of consolidation announcements based …
Persistent link: https://www.econbiz.de/10011083434
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Fiscal Consolidation in America: The Policy Options
Altshuler, Rosanne; Bosworth, Barry - Department of Economics, Rutgers University-New Brunswick - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10009372748
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
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Diagnose-Analysis Regarding the Balance at the European Union Budget Level on the Two Components (Incomes – Own Resources and Expenses): Proposals for Reform
Florin, Þuncu George; Ionel, Mãndescu - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 1394-1397
Experts believe that is being wasted so many resources, allocating budgetary policy that does not provide a sufficiently clearly identifiable European added value. In addition, the Community budget has often been criticized for lack of transparency. The General rules concerning the distribution...
Persistent link: https://www.econbiz.de/10010925893
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An Analysis of the President's 2016 Budget
Congressional Budget Office, United States Congress; … - 2015
Under the President’s proposed budget for 2016, CBO estimates, the federal budget deficit would decline from $486 billion in 2015 to $384 billion in 2016, but then climb in subsequent years, reaching $801 billion in 2025. Federal debt held by the public would remain in the vicinity of 72...
Persistent link: https://www.econbiz.de/10011272458
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Updated Budget Projections: 2015 to 2025
Congressional Budget Office, United States Congress; … - 2015
Under current law, CBO estimates the deficit will total $486 billion in 2015, about the same as in 2014. However, because the nation’s output has increased, the projected deficit for 2015 represents a slightly lower percentage of GDP—2.7 percent. If current laws generally remain unchanged,...
Persistent link: https://www.econbiz.de/10011272474
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Balanced Budget Rules and Public Deficits: Evidence from the U.S. States.
Bohn, H.; Inman, R.P. - Rodney L. White Center for Financial Research, Wharton … - 1996
Do general fund balanced budget requirements ilmit deficit financing? If so, which balanced budget rules are most effective in constraining state deficit financing? Finally, how are state spending and taxation decisions affected by balanced budget rules?
Persistent link: https://www.econbiz.de/10005245303
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Public Debt in the Central and Eastern European Countries - Development in the Context of the World Economic Crisis
Karpová, Eva - In: Acta Oeconomica Pragensia 2011 (2011) 6, pp. 21-38
Many of the Central and Eastern European countries faced general government balance problems in the 1990s, already during their transition period. Moreover, these problems continued during their EU accession. After both the Eastern enlargements, the situation was improving and, besides, the...
Persistent link: https://www.econbiz.de/10009397079
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An Analysis of the President's 2015 Budget
Congressional Budget Office, United States Congress; … - 2014
The President's proposals would, relative to CBO's current-law baseline, boost deficits from 2014 through 2016 but reduce them from 2017 through 2024, CBO and JCT estimate. Deficits would total $6.6 trillion between 2015 and 2024, $1.0 trillion less than the cumulative deficit in CBO's baseline....
Persistent link: https://www.econbiz.de/10010813772
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The 2014 Long-Term Budget Outlook
Congressional Budget Office, United States Congress; … - 2014
Although federal deficits have shrunk markedly in recent years, growing spending for Social Security and major health care programs, along with increasing interest costs, would cause them to rise steadily over the long term. The larger deficits would cause federal debt to grow faster than the...
Persistent link: https://www.econbiz.de/10010813777