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Dynamic effects of persistent shocks
Alloza, Mario; Gonzalo, Jesús; Sanz, Carlos
particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to … proyecciones locales estándar identifi can respuestas que incluyen un efecto debido a la persistencia del shock, mientras que las …
Persistent link: https://www.econbiz.de/10012523677
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Optimal Monetary and Fiscal Policy for Small Open and Emerging Economies
Fasolo, Angelo Marsiglia - 2010
This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...
Persistent link: https://www.econbiz.de/10009475440
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Essays on the Theory of Productive Government Activity and Economic Growth
Kühnel, Johanna - 2010
This dissertation contributes to the theoretical understanding of the determinants and consequences of productive government activity for the economic performance of a country’s economy. Chapter 2 gives a comprehensive survey of the recent theoretical literature on the link between productive...
Persistent link: https://www.econbiz.de/10009476199
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Something of a Paradox: The Neglect of Agriculture in Economic Development
Bezemer, Dirk J.; Headey, Derek D. - 2006
This paper argues that investment in agriculture has a large and continuing developmental importance in terms of both economic growth and poverty reduction. Moreover, targeted public resources have proven to be indispensable in achieving these results. Both arguments are supported with novel...
Persistent link: https://www.econbiz.de/10009442552
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SOLUTIONS FOR INCREASING PUBLIC BUDGET REVENUE IN BULGARIA, CROATIA, CZECH REPUBLIC, POLAND AND ROMANIA
MOSTEANU, Narcisa Roxana - 2015
The research paper is a comparative analysis of the budget revenue in Bulgaria, Croatia, Czech Republic, Poland and Romania, taking into account the main features in light of the contribution of indirect and direct taxes and social contributions to the achievement of public revenues. Theme...
Persistent link: https://www.econbiz.de/10011316264
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SEMASHKO HEALTH FINANCING MODEL – ECONOMIC AND HEALTH CONSEQUENCES IN CZECHIA
Lukášová, Tereza - 2018
In 1948, the Communist Party finally defeated the Czechoslovak government over the next few years and adapted the Czechoslovak economy to the other countries of the USSR over the next few years. On the basis of this was also nationalized the health care, which passed to Semashko model of...
Persistent link: https://www.econbiz.de/10011788818
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Corruption, fiscal policy, and growth: A unified approach
Ghosh, S; Neanidis, KC - 2011
In this paper, we study the effects of bureaucratic corruption on fiscal policy and the subsequent impact on economic growth. Here corruption takes three forms: (i) it reduces the tax revenue raised from households, (ii) it inflates the volume of government spending, and (iii) it reduces the...
Persistent link: https://www.econbiz.de/10009480843
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Growth effects of public expenditure on the state and local level: evidence from a sample of rich governments
Torgler, Benno; Schaltegger, Christoph A. - 2006
There is a vast empirical literature investigating the relationship between government size and economic growth. But the empirical evidence of growth effects of public expenditure using cross-country regressions is still inconclusive. According to a number of authors this is not surprising since...
Persistent link: https://www.econbiz.de/10009483489
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What drives fiscal decentralisation? Further assessing the role of income
Bodman, Philip; Hodge, Andrew - 2010
This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...
Persistent link: https://www.econbiz.de/10009448196
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Previsión de la carga de intereses de las Administraciones Públicas
Martínez Pagés, Jorge - 2018
En este documento se presenta una herramienta, disponible en el Banco de España, para la previsión de los pagos por intereses de las Administraciones Públicas (AAPP) en nuestro país. Frente a modelos más detallados, que tienen en cuenta las características específicas y las fechas...
Persistent link: https://www.econbiz.de/10012532120