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How to achieve and sustain fiscal discipline in Turkey: Rising Taxes, reducing government spending or a combination of both?
Kaya, Ayşe; Şen, Hüseyin - In: Romanian Journal of Fiscal Policy (RJFP) 4 (2013) 1, pp. 1-26
The main purpose of this paper is to investigate the relationship between tax revenue and government spending in order to make some policy suggestions on how to achieve fiscal discipline in Turkey. We have used the cointegrated vector autoregression (VAR) method along with the Granger causality...
Persistent link: https://www.econbiz.de/10010491481
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Rotten parents and disciplined children: A politico-economic theory of public expenditure and debt
Song, Zheng; Storesletten, Kjetil; Zilibotti, Fabrizio - 2008
preferences over a private and government-provided public good, financed through labour taxation. Subsequent generations of voters … choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict of …
Persistent link: https://www.econbiz.de/10010287737
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Causes and Consequences of Tax Morale: An Empirical Investigation
Torgler, Benno; Schaffner, Markus - 2007
Many taxpayers truthfully declare their income to the tax administration. Why? In this paper we have found a significant correlation between tax morale and tax evasion, controlling a variety of factors. Furthermore we have analysed tax morale as dependent variable and studied the determinants...
Persistent link: https://www.econbiz.de/10012168269
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The Future of Sovereign Borrowing in Europe
Balling, Morten; Gnan, Ernest; Holler, Johannes; … - 2013
In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to...
Persistent link: https://www.econbiz.de/10011689961
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Tax systems and tax harmonisation in the East African Community (EAC): Report for the EAC/GTZ program 'Support to the EAC integration process'
Petersen, Hans-Georg (contributor) - 2010
double taxation before the harmonisation process within the EU is described in detail. This process is not a best practice … discussed for value added taxation (VAT), excise taxation, and income taxation. The problems of tax administrations, procedures …, while regarding the latter the focus is on company taxation. For a better systematic analysis the national tax laws are …
Persistent link: https://www.econbiz.de/10010271610
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Strengthening the post-crisis fiscal rules - the case of Spain, Slovakia and Sweden
Mozdzierz, Anna - 2014
The purpose of this article is to identify changes in the development of national fiscal rules in response to the crisis, in terms of the new economic governance in the EU. In-depth analysis was carried out on the example of the three countries that have the highest Fiscal Rule Strength Index,...
Persistent link: https://www.econbiz.de/10012232267
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Why 3 and 60 per cent? The rationale of the reference values for fiscal deficits and debt in the European Economic and Monetary Union
Priewe, Jan - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 111-126
The origins of the reference values for budget deficits and public debt (3 and 60 per cent of GDP) in the euro area are explored. Both numbers came into the Maastricht Treaty by coincidence. Later attempts to legitimise them are traced and found unconvincing. In particular the debt cap is...
Persistent link: https://www.econbiz.de/10014363376
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A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk
Guo, Yanling - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-33, pp. 1-52
In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the "good equilibrium" is the only stable equilibrium under some quite general assumptions,...
Persistent link: https://www.econbiz.de/10011371997
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The role of lenders' trust in determining borrowing conditions for sovereign debt: An analysis of one-period government bonds with default risk
Guo, Yanling - 2015
In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the weight assigned to the lenders' interest by the borrowing government at the time of...
Persistent link: https://www.econbiz.de/10010512956
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Debt relief under the HIPC initiative: Context and outlook for debt sustainability and resource flows
Abrego, Lisandro; Ross, Doris C. - 2001
This paper analyses debt relief efforts by creditors to alleviate the debt burden of lowincome countries. The Heavily Indebted Poor Countries (HIPC) Initiative builds on traditional debt relief, and for the first time involves relief on multilateral debt. It seeks to reduce debt to sustainable...
Persistent link: https://www.econbiz.de/10010279082