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Economic stabilisation and performance in West Africa : the role of fiscal and monetary policy
Mesagan, Ekundayo P.; Yusuf, Ismaila A. - 2019
The study examines the impact of fiscal and monetary policy on economic performance and stabilisation in Nigeria … proxy economic performance and economic stabilisation respectively while fiscal policy is captured with deficit finance and … confirms that monetary policy significantly drives economic stabilisation in Nigeria and the Gambia, but insignificantly in …
Persistent link: https://www.econbiz.de/10012137607
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Budgetary policy and unemployment dynamics
Kaas, Leo; Thadden, Leopold von - 2001
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...
Persistent link: https://www.econbiz.de/10001565847
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Fiscal policy after the crisis : what role for fiscal policy in times of crisis, low interest rates and high public debts?
Heise, Arne - 2022
In 2009, just before the full outbreak of the global financial crisis, Olivier Blanchard (2009) published an article giving a favourable appraisal of the state of macroeconomics. He came to this verdict on the basis that, after a long period of fierce theoretical debate, the discipline had...
Persistent link: https://www.econbiz.de/10012990275
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Fiscal impacts of climate anomalies
Pintus, Francesco J.; Jacobs, Jan; Sterken, Elmer - 2024
The negative effects of climate change on output and productivity have been well documented in recent years. However, its impact on public finances has received little attention. This paper attempts to fill this gap by analysing the impact of climate anomalies on fiscal variables in a...
Persistent link: https://www.econbiz.de/10015158089
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All is quiet on the fiscal front : fiscal policy for the global economic crisis
Pérez Caldentey, Esteban; Vernengo, Matías - 2010
The current economic global crisis has thrown fiscal policy onto the center stage. However, the current crisis episode has not produced any change regarding the standing role and function of fiscal policy in developed and developing market economies that has dominated the economics profession...
Persistent link: https://www.econbiz.de/10003958144
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The impact of extreme weather events on budget balances and implications for fiscal policy
Lis, Eliza M.; Nickel, Christiane - 2009
This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...
Persistent link: https://www.econbiz.de/10003866542
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What determines fiscal policy? : evidence from German states
Berger, Helge (contributor); Holler, Anika (contributor) - 2007
This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...
Persistent link: https://www.econbiz.de/10003726324
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Budgetary policy and unemployment dynamics
Kaas, Leo; Thadden, Leopold von - 2001
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...
Persistent link: https://www.econbiz.de/10011419352
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The pressure is on : how geopolitical tensions impact institutional fiscal and external stability responses
Afonso, António; Alves, José; Monteiro, Sofia - 2024
In this article, we study the effects of geopolitical risks and world uncertainty on time-varying fiscal and external sustainability coefficients. We use Schlicht’s (2021) methodology to estimate time-varying fiscal and external sustainability coefficients for the EU for 27 economies between...
Persistent link: https://www.econbiz.de/10014517944
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A cross-country database of fiscal space
Kose, M. Ayhan; Kurlat, Sergio; Ohnsorge, Franziska; … - 2017
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal...
Persistent link: https://www.econbiz.de/10011696384