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I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I find Swedish municipalities to be highly consumption sensitive during the time period 2001-2011 when the BBR was in place. A one percentage increase in predicted current...
Persistent link: https://www.econbiz.de/10010200110
consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. The …
Persistent link: https://www.econbiz.de/10012445160
the government from 2000:Q1 to 2018:Q4 was adequate in addressing the accumulation of huge debt. The analysis of the … period. The public debt to GDP, which is a major determinant of the primary balance, is negative and significant implying … discourage huge debt accumulation, improve revenue generation capacity and more fundamentally, expenditure switching to improve …
Persistent link: https://www.econbiz.de/10012297481
. Logit regression analysis confirms that when deficit rules or, to a lesser extent, debt thresholds tend to become more …
Persistent link: https://www.econbiz.de/10012444012
The business model used by Congress to pay for Social Security, Medicare and national debt is our costliest federal …
Persistent link: https://www.econbiz.de/10014184726
.60 trillion. The continuing reduction of the average level of debt burden of the regions, the reduction of the number of subjects … debt service, as well as the replacement of commercial loans by budget loans contribute to the growth of fiscal … sustainability of regions and reduce the risk of their debt problems …
Persistent link: https://www.econbiz.de/10014359026
possible impact of the German debt brake on SOEs by tracking changes in financial indicators at the firm level that would hint … implementation of the debt brake from 2010 to 2020 differs across the 16 states. The results show that SOEs in fiscally more … constrained states exhibit a stronger decrease in equity and reserves and a higher increase in debt compared to SOEs in less …
Persistent link: https://www.econbiz.de/10014471782
This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...
Persistent link: https://www.econbiz.de/10010436737
taxes are the most effective instruments for stabilizing debt after a fiscal shock. …
Persistent link: https://www.econbiz.de/10012241962
The purpose of this article is to identify changes in the development of national fiscal rules in response to the crisis, in terms of the new economic governance in the EU. In-depth analysis was carried out on the example of the three countries that have the highest Fiscal Rule Strength Index,...
Persistent link: https://www.econbiz.de/10012002050