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The purpose of budget rules can be explored from the perspective of the expected results, obtained by their enforcement. On one hand, they are meant to improve or at least maintain certain levels of the budgetary deficit and public debt. On the other hand, they can help or limit the economic...
Persistent link: https://www.econbiz.de/10010287558
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10010262571
money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate. …
Persistent link: https://www.econbiz.de/10010267772
governments in economic growth and low unemployment in order to win elections, there should be a link between political business …
Persistent link: https://www.econbiz.de/10010270371
unionization of parliamentary members has a negative impact on economic growth and at the same time increases inflation while … detrended unemployment remains unaffected. The effects are stable even after controlling for partisan politics. Thus, at least …
Persistent link: https://www.econbiz.de/10010270380
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …
Persistent link: https://www.econbiz.de/10010281454
Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic … reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assessPoland … fiscal deficits and inflation. We also assessthe impact of financial sector measures on seignioragerevenue and the …
Persistent link: https://www.econbiz.de/10010324428
Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation … strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce …
Persistent link: https://www.econbiz.de/10013362892
(persistent nonfrictional unemployment, unfair inequalities, and financial instability), their policy proposals do not lead to a …
Persistent link: https://www.econbiz.de/10012818360
inflation in Nigeria for the period 1983-2018. The cointegrating regression results reveal evidence of a stable long …-run relationship among inflation, total public debt, money supply, interest rate, economic growth, trade openness, and private … investment in the presence of structural breaks. Empirical results show that the impact of public debt on inflation is …
Persistent link: https://www.econbiz.de/10014001463