In recent years, the emergence of rising budget deficit is the main reason forcing economists to investigate the reasons for changes in fiscal balances. The purpose of the paper is to investigate the relationship between budget deficit and macroeconomic fundamentals using data from Azerbaijan....

This paper tries to briefly analyze the characteristics of fiscal policy in the context of the actual crisis. We start from the ongoing discussion regarding the role of fiscal policy during the economic and financial crisis. We then focus on the case of CEE countries and on Romanian economy and...

This paper will examine the sustainability of the central budget and its relation to the financial stability in the case of Indonesia. The standard model of fiscal sustainability is modified to cover some financial variables. The empirical estimates are done by employing several aspects of the...

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...

In the context of the increasing budget deficit and public debt, on one hand, and the need to restore economic growth without compromising financial stability and fiscal sustainability on long term, on the other hand, governments must undertake severe measures concentrated especially on...

Die japanische Wirtschaft zeigt nach der Natur- und Atomkatastrophe Erholungserscheinungen. Das Bruttoinlandsprodukt ist wieder kräftig gestiegen. Dazu haben nicht zuletzt staatliche Ausgabenprogramme beigetragen, die die binnenwirtschaftliche Nachfrage stützen. Allerdings hat sich dadurch die...

This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...

Die gesamtwirtschaftliche Steuerquote bezogen auf das Bruttoinlandsprodukt dürfte im Jahr 2013 bei 23,6 Prozent liegen; einschließlich der Sozialversicherungsbeiträge wird die gesamte Abgabenquote auf 39,3 Prozent geschätzt. Das ist höher als in den letzten zehn Jahren, liegt aber unter den...