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The effects of fiscal rules on public finances and their identification : conference paper

Heinemann, Friedrich; Yeter, Mustafa - 2014

Many economic studies analyse the impact of fiscal rules and discuss their effectiveness in limiting excessive debt. A majority of these studies, however, neglects or only deals insufficiently with the potential issue of endogeneity. In this paper, we propose a novel identification approach...

Persistent link: https://www.econbiz.de/10010485290

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - 2016

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...

Persistent link: https://www.econbiz.de/10011474674

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellon, Cesar; Stratmann, Thomas - 2016

Persistent link: https://www.econbiz.de/10011454137

Uniting European fiscal rules : how to strenghten the fiscal framework

Christofzik, Désirée I.; Feld, Lars P.; Reuter, Wolf … - 2018

The current European fiscal framework is highly complex. The multitude of fiscal rules and the discretion in their enforcement precludes an effective oversight and weakens the effectiveness of fiscal rules substantially. Against this background, we present a proposal for a careful refocusing of...

Persistent link: https://www.econbiz.de/10011898769

Budgeting in Thailand

Blazey, Andrew; Keller, Anne; Nicol, Scherie; Degan, Donna - In: OECD journal on budgeting 20 (2021) 3, pp. 6-81

This review provides an overview of the budgetary landscape in Thailand and identifies the legal and constitutional aspects that impact on the planning, preparation and reporting of the budget. It then discusses strategic planning elements of the budget, specifically fiscal objectives,...

Persistent link: https://www.econbiz.de/10012418991

Review of the Public Financial Management Reform Strategy for Pacific Island Countries, 2010-2020

Allen, Richard; El Rayess, Majdeline; Doherty, Laura; … - 2021

This paper reviews the Public Financial Management (PFM) reform stategy for 16 Pacific Island Countries (PICs) during the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The paper analyzes more than 30 PEFA assessments carried out...

Persistent link: https://www.econbiz.de/10013315109

A Fiscal Outlook for Poland : Update 2014

Jablonowski, Janusz; Mueller, Christoph - 2015

Poland faces one of the most rapidly ageing population in Europe. The old age dependency ratio is expected to triple until 2060. Against this background, our paper examines the sustainability of Polish public finances and its isolated subsystems. We consider the profound recent reforms including...

Persistent link: https://www.econbiz.de/10014133775

Regulating in Pandemic : Evaluating Economic and Financial Policy Responses to the Coronavirus Crisis

Hafiz, Hiba - 2020

The United States is currently trying to manage a fast-moving public health crisis due to the coronavirus outbreak … provisions of H.R. 6201 (the “Families First Coronavirus Responses Act”) passed by the house on March 14, 2020, subject to … on March 18, 2020. Next, it analyzes the provisions of H.R. 748 (the “Coronavirus Aid, Relief, and Economic Security Act …

Persistent link: https://www.econbiz.de/10012839295

Controlling the Public Purse : The Fiscal Accountability of Canada's Senior Governments, 2016

Busby, Colin - 2016

Persistent link: https://www.econbiz.de/10012994460

Public Finance Behavior of the Spanish Regions : An Analysis Based on Fiscal Reaction Functions

Ricci-Risquete, Alejandro - 2018

The need to be compliant with the fiscal frameworks of the European Union and Spain has generated asymmetric fiscal behavior across the Spanish government tiers regarding the distribution of the needed fiscal efforts to pursue public finance sustainability and macroeconomic stability in the...

Persistent link: https://www.econbiz.de/10012908403