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government should establish a more systematic connection between fiscal policy guidelines and the evolution of public debt. - L …
Persistent link: https://www.econbiz.de/10010991449
This study aims to investigate the relationship between budget revenues and expenditures in Turkey. The annualy data used in the study covers the period from 1950 to 2012. First, the stationarity of the variables is tested with standart unit root tests and unit root tests allowing structural...
Persistent link: https://www.econbiz.de/10011074882
Persistent link: https://www.econbiz.de/10011590367
Many countries in the Caribbean have been grappling with persistent fiscal imbalances and rising debt levels. The … average debt to GDP ratio in the Caribbean in 2017 was 76.6 percent, higher than the negative debt-growth threshold of 60 … increase in the debt ratio. …
Persistent link: https://www.econbiz.de/10012028426
Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system. …
Persistent link: https://www.econbiz.de/10012002026
debt with a policy-oriented perspective using Norwegian data over the last four decades within the cointegrated VAR model …. Applying a control analysis, we find that both house prices and debt are controllable magnitudes to some pre-specified target …
Persistent link: https://www.econbiz.de/10012800701
This survey paper discusses the Cointegrated Vector AutoRegressive (CVAR) methodology and how it has evolved over the past 30 years. It describes major steps in the econometric development, discusses problems to be solved when confronting theory with the data, and, as a solution, proposes a...
Persistent link: https://www.econbiz.de/10012428078
external debt, fiscal and current account balances, exchange and inflation rates, their degree of trade openness as well as …
Persistent link: https://www.econbiz.de/10003963768
The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two … the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy … containing several statistical novelties: new time series estimates of public debt and GDP (respectively Banca d'Italia, 2008 and …
Persistent link: https://www.econbiz.de/10009535101
external debt, fiscal and current account balances, exchange and inflation rates, their degree of trade openness as well as …
Persistent link: https://www.econbiz.de/10013156329