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The portfolio theory of inflation and policy (in)effectiveness revisited : corroborating evidence

Bossone, Biagio; Cuccia, Andrea - 2020

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily …

Persistent link: https://www.econbiz.de/10012140238

Risk taking and fiscal smoothing with sovereign wealth funds in advanced economies

Lindset, Snorre; Mork, Knut Anton - In: International Journal of Financial Studies : open … 7 (2019) 1/4, pp. 1-24

In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to supplement other government revenues. If the fund is invested in risky assets, this introduces a new stochastic element into the government’s budget. We analyze the interaction between the draw from and...

Persistent link: https://www.econbiz.de/10011964112

Fiscal forecast errors : governments versus independent agencies?

Merola, Rossana; Pérez, Javier J. - In: European journal of political economy 32 (2013), pp. 285-299

Persistent link: https://www.econbiz.de/10010230682

Are debt sustainability indicators based on time-series data useful for predicting crises?

Mersmann, Katharina; Westermann, Frank - In: FinanzArchiv : European journal of public finance 76 (2020) 2, pp. 146-164

Persistent link: https://www.econbiz.de/10012602323

Predicting fiscal crises

Cerovic, Svetlana; Gerling, Kerstin; Hodge, Andrew; … - 2018

This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...