We checked the validity of Ricardian Equivalence Hypothesis in Pakistan by using structural consumption and saving function. By using ordinary least square method we checked the restrictions of Ricardian equivalence hypothesis that has been rejected by the vale of Wald test. The Engel-Granger...

In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...

The study considers some of the factors determining budget balance. In particular, it investigates the relationship between budget balance and inflation. The analysis focuses on European states in the period between 1999 and 2007, and concludes that the relationship between budget balance and...