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We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … the input efficiency scores obtained, countries’ fiscal balance and fiscal sustainability is directly improved by the use … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which …
Persistent link: https://www.econbiz.de/10013289691
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … the input efficiency scores obtained, countries' fiscal balance and fiscal sustainability is directly improved by the use … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which …
Persistent link: https://www.econbiz.de/10013187684
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962
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We decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than to respond to output conditions. We also found that while the effect of cross-country...
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