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The independence of central banks has an effect on the macroeconomic results of economies and ultimately on inflation. A similer relationship may exist between budget institutions and the fiscal performance of governments.
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This paper questions the widespead practice of assessing the hypothesis of long-run fiscal policy sustainability by means of conventional unit-root tests that do not allow for the possible impact of regime shifts. Using the Greek economy as a model case, the Zivot- Andrews squential...
Persistent link: https://www.econbiz.de/10008852325
There are two particular outstanding features of Australia's Current Commonwealth-State Financial Arrangements. The first is the extreme degree of so-called Vertical Fiscal Imbalance (VFI) it exhibits. The second is the sophisticated system for assessing how commonwealth transfers should be...
Persistent link: https://www.econbiz.de/10005672100
Historical estimates of productivity growth in India's pulp and paper sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used...
Persistent link: https://www.econbiz.de/10009435633
Historical estimates of productivity growth in India's iron and steel sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used...
Persistent link: https://www.econbiz.de/10009435634
Changes in power contract terms for customers of Western`s Salt Lake City Area Office affect electricity rates for consumers of electric power in Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming. The impacts of electricity rate changes on consumers are studied by measuring impacts on the...
Persistent link: https://www.econbiz.de/10009435734
In July 1989, President Bush directed the Secretary of Energy to initiate the development of a comprehensive National Energy Strategy (NES) built upon a national consensus. The overall principle for the NES, as defined by the President and articulated by the Economic Policy Council (EPC), is the...
Persistent link: https://www.econbiz.de/10009435779
The Department of Energy's (DOE) Small Business Program is characterized by its diligent involvement in the procurement process to enhance participation by small businesses, small disadvantaged businesses, labor surplus area firms, and women-owned businesses. The DOE's primary means of securing...
Persistent link: https://www.econbiz.de/10009435994