Similar Search Results

Fiscal sustainability : conceptual, institutional, and policy issues

Dąbrowski, Marek - 2016

Since 2008, the world economy has been facing the consequences of the global financial crisis. As a result, many economic policy paradigms have been revised, and this process is far from complete. The policy area, which needs a fundamental rethinking (especially in advanced economies), relates...

Persistent link: https://www.econbiz.de/10011706402

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

Debt limit, fiscal space and fiscal fatigue in the Central and Eastern European countries of EU

Iancu, Aurel; Olteanu, Dan - 2023

This study analyzes the correlation between the primary budget balance and the public debt over the last two decades, for a panel of 12 countries from Central and Eastern Europe, in order to assess their debt sustainability, the level of debt at which fiscal fatigue may occur, as well as the...

Persistent link: https://www.econbiz.de/10014312934

Assessing debt sustainability in a stochastic environment : 200 years of Dutch debt and deficit management

Wijnbergen, Sweder van; France, Alexander - 2012

Persistent link: https://www.econbiz.de/10010191022

The effect of fiscal rules on public investment if budget deficits are politically motivated

Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997

Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...

Persistent link: https://www.econbiz.de/10010371104

Budget institutions and fiscal performance in Africa

Bleaney, Michael F. - 2010

This paper develops an index measuring the adequacy of the institutions, rules and procedures governing the budget process in 46 African countries, presenting the most comprehensive analysis of African budget institutions hitherto conducted. The index includes the three stages of the budget...

Persistent link: https://www.econbiz.de/10008780378

Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10003866536

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

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

On the estimation of panel fiscal reaction functions : heterogeneity or fiscal fatigue?

Everaert, Gerdie; Jansen, Stijn - 2017

This paper investigates whether fiscal fatigue is a robust characteristic of the fiscal reaction function in a panel of OECD countries over the period 1970-2014 or merely an artifact of ignoring important aspects of the panel dimension of the data. More specifically, we test whether the...

Persistent link: https://www.econbiz.de/10011656142