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Reopening the Case for a Balanced Budget Amendment
Larson, Sven R. - 2014
Congress has expressed interest, one way or the other, in a balanced-budget requirement for the past six decades. Yet … despite numerous attempts, the legislative body has never passed a constitutional balanced-budget amendment. Most of the …. Less time and effort has been spent on economic analysis. This paper discusses how a balanced-budget requirement would …
Persistent link: https://www.econbiz.de/10013043147
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What do we know about the government interventions in the economy?
Emilia Mioara, Câmpeanu - In: Budgetary research review : BRR 3 (2011) 1, pp. 45-66
In the context of the increasing budget deficit and public debt, on one hand, and the need to restore economic growth …
Persistent link: https://www.econbiz.de/10009580982
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A Model-Based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance
Fournier, Jean-Marc - 2020
This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis,...
Persistent link: https://www.econbiz.de/10012839319
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Debt Control : An Alternative Route to a Balanced Budget
Larson, Sven R. - 2014
This paper discusses an alternative route to a balanced budget, namely through debt control. Two models are compared …
Persistent link: https://www.econbiz.de/10013039778
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Impact of fiscal institutions on public finances in the European Union : review of evidence in the empirical literature
Gorčák, Martin; Šaroch, Stanislav - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 2, pp. 215-232
This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal rules) have successfully contributed to...
Persistent link: https://www.econbiz.de/10012598898
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Assessing Dutch Fiscal and Debt Sustainability
Carton, Benjamin; Fouejieu, Armand - 2021
Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance is projected to deteriorate by an unprecedented magnitude, largely as a result of necessary fiscal measures deployed to weather the economic impact of the COVID-19 pandemic. This...
Persistent link: https://www.econbiz.de/10013250092
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Fiscal sustainability in the Caribbean : an econometric analysis
Khadan, Jeetendra - 2019
across countries ranging from 0.5 percent to 11 percent. Using the inter-temporal budget constraint framework and various …
Persistent link: https://www.econbiz.de/10012028426
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Fiscal sustainability : conceptual, institutional, and policy issues
Dąbrowski, Marek - 2016
are necessary to provide a correct diagnosis and effective recommendations. What are the "safe" levels of budget deficit …
Persistent link: https://www.econbiz.de/10011706402
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Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework
Truger, Achim - 2015
Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...
Persistent link: https://www.econbiz.de/10010511177
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An investment initiative for fiscally constrained EU member states : the role of synergetic financial instruments
Zeilbeck, Severin - 2015
investment volume of 315 billion Euro should be made available, enabled by 21 billion Euro of public money. The budget … Financial Instruments which have been increasingly executed during the last budget period. This work assesses the impact of …
Persistent link: https://www.econbiz.de/10011380141