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Fiscal adjustments : lessons from and for the Baltic states
Klyvienė, Violeta; Jakaitienė, Audronė - In: Baltic journal of economics 22 (2022) 1, pp. 1-27
This paper aims to investigate the effects of various fiscal policy measures for small and open economies by analysing the implications of fiscal shocks in the Baltic countries based on data for the period from 1995 to 2018. For this purpose, we have chosen structural VAR estimation methods...
Persistent link: https://www.econbiz.de/10013347151
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How does corruption affect public debt? : an empirical analysis
Cooray, Arusha; Schneider, Friedrich - 2013 - Revised version
This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …
Persistent link: https://www.econbiz.de/10010208991
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Fiscal reform to benefit state and local governments : the modern money theory approach
Wray, L. Randall - 2019
This paper will present the Modern Money Theory approach to government finance. In short, a national government that chooses its own money of account, imposes a tax in that money of account, and issues currency in that money of account cannot face a financial constraint. It can make all payments...
Persistent link: https://www.econbiz.de/10012102465
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A closer look at subnational government finances
Olsson, Hans; Catz, Julia - 2023
To carry out the analysis required for monetary policy, the European Central Bank (ECB) and the European System of Central Banks (ESCB) need comprehensive and reliable government finance statistics. The focus of government finance statistics has traditionally been the government as a whole...
Persistent link: https://www.econbiz.de/10013540742
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On Federal Deficits and Debt, Monetary and Fiscal Policy
Lane, Edward - 2021
President Biden signed a $1.9 trillion COVID relief package (the “American Rescue Plan”) on March 11, 2021. Without a corresponding increase in taxes, this plan has set off alarm bells for those concerned about the expansion of government deficits and debt. Mainstream economists have raised...
Persistent link: https://www.econbiz.de/10013227477
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Fiscal deficits in Egypt : is it a macroeconomic or politico-institutional problem?
Torayeh, Neveen M. - In: The journal of developing areas 49 (2015) 1, pp. 365-380
Persistent link: https://www.econbiz.de/10011281246
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How does corruption affect public debt? : an empirical analysis
Cooray, Arusha; Dzhumashev, Ratbek; Schneider, Friedrich - In: World development : the multi-disciplinary … 90 (2017), pp. 115-127
Persistent link: https://www.econbiz.de/10011750224
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Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint
Legrenzi, Gabriella Deborah; Milas, Costas - 2010
We apply non-linear error-correction models to the empirical testing of the sustainability of the government's intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its intertemporal budget constraint, in spite of the high levels of...
Persistent link: https://www.econbiz.de/10003936661
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Towards expenditure rules and fiscal sanity in the euro area
Hauptmeier, Sebastian; Fuentes, Jesus Sanchez; … - 2010
The study looks at primary expenditure developments in the euro area, its three largest members and four "macro-imbalances" countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10008728760
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Ensuring debt sustainability amid strong economic uncertainty in Hungary
Beynet, Pierre; Kierzenkowski, Rafał - 2012
Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries. Nonetheless, the underlying fiscal balance started deteriorating in 2010 and 2011. Recognising this, Hungary’s government launched an ambitious...
Persistent link: https://www.econbiz.de/10009690137