The aim of this paper is to investigate the vulnerability of fiscal policy in the case of 10 Central and Eastern European countries. We use a newly introduce indicator named Cumulative Excess of the Primary Balance (CEPB) which shows the deviations of current fiscal policy from a fiscal rule...

This study examines the dynamic impact of public debt on economic growth in Zambia from 1970 to 2017. The study also estimated the relative impact of domestic public debt and foreign public debt on economic growth in Zambia. Using the autoregressive distributed lag (ARDL) bounds testing...

Purpose - This study aims to determine whether there is an effect of internal and public debt on income inequality in Kenya for the period 1970-2018. Design/methodology/approach The relationship is examined by using the Autoregressive Distributed Lag (ARDL) model by Pesaran et al. (2001) and...