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From first-release to ex-post fiscal data : exploring the sources of revision errors in the EU
Beetsma, Roel; Bluhm, Benjamin; Giuliodori, Massimo; … - 2011 - This version: May 2011
This paper explores the determinants of deviations of ex-post budget outcomes from first-release outcomes published towards the end of the year of budget implementation. The predictive content of the first-release outcomes is important, because these figures are an input for the next budget and...
Persistent link: https://www.econbiz.de/10011386471
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Eastern Caribbean Currency Union; 2005 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion on the Eastern Caribbean Currency Union
International Monetary Fund (IMF); International … - 2005
strengthening fiscal consolidation, lowering the debt ratios, and ensuring the consistency of fiscal policies with the currency …
Persistent link: https://www.econbiz.de/10005591452
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The five little PIIGS and the big bad Troika
Katos, Anastasios V.; Katsouli, Eleni F. - In: Economics Bulletin 32 (2012) 1, pp. 1001-1007
The purpose of this paper is to investigate whether efforts to eliminate the budget deficits in Portugal, Ireland, Italy, Greece and Spain, as it has been suggested by Troika (European Commission, International Monetary Fund, and European Central Bank), will delay the economic growth of these...
Persistent link: https://www.econbiz.de/10011278795
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Fiscal consolidation by austerity and EU surveillance policies
Iancu, Aurel; Olteanu, Dan - 2015
After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the fiscal domain is weak. After analyzing the effects of the...
Persistent link: https://www.econbiz.de/10011576575
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Public debt and growth : an assessment of key findings on causality and thresholds
Ash, Michael; Basu, Deepankar; Dube, Arindrajit - 2017
We provide a comprehensive assessment of the relationship between public debt and GDP growth in the postwar advanced … economies. We use the timing of changes in public debt and growth to account for endogeneity, and find little evidence of a … four recent, influential papers that found a substantial negative relationship, especially when public debt exceeds 90 …
Persistent link: https://www.econbiz.de/10011637316
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Debt sustainability and economic convergence of euro-area Member States : challenges and solutions
Manasse, Paolo - 2015
current fiscal framework has addressed debt sustainability concerns, but has imparted a pro-cyclical bias, which has …
Persistent link: https://www.econbiz.de/10011714062
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Improving public sector efficiency for more inclusive growth in Latvia
Klein, Caroline; Price, Robert W. - 2015
This working paper explores avenues to improve public sector efficiency in Latvia, a catching-up and ageing economy where spending needs are large. Ensuring that spending allocated to core services (e.g. education, healthcare) is adequate to achieve convergence of policy outcomes to OECD upper...
Persistent link: https://www.econbiz.de/10011399630
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A distant mirror of debt, default, and relief
Reinhart, Carmen M.; Trebesch, Christoph - 2014 - First draft October 4, 2013, This draft: October 6, 2014
We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two … distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt …); sovereign credit ratings; debt servicing burdens relative to GDP, fiscal revenues, and exports; as well as the level of …
Persistent link: https://www.econbiz.de/10010438304
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Study on quality of public finances in support of growth in the mediterranean partner countries of the EU
De Wulf, Luc; Coutinho, Leonor; Sassanpour, Cyrus; … - 2010
Persistent link: https://www.econbiz.de/10008736763
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Demand constraints and big government
Wray, L. Randall (contributor) - 2007
In a series of articles and books, Harold Vatter and John Walker attempted to make the case that the American economy suffers from chronically insufficient demand that leads to growth below capacity. Of particular interest are a 1989 Journal of Post Keynesian Economics article that extends...
Persistent link: https://www.econbiz.de/10003721076