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This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …
Persistent link: https://www.econbiz.de/10012858382
Since 2008, the world economy has been facing the consequences of the global financial crisis. One consequence has been the rapid growth of public debt in many advanced economies, resulting from overly optimistic estimates of the fiscal situation before the crisis, declining government revenues...
Persistent link: https://www.econbiz.de/10012984467
This study focuses on the empirical tests for the sustainability and solvency of fiscal policies in Algeria using a …
Persistent link: https://www.econbiz.de/10012145389
financial sustainability. As for the structure of expenditures, those expenditures on the national economy are increasingly …
Persistent link: https://www.econbiz.de/10014355504
Our previous assessment of debt sustainability in developing Asia, conducted in 2011, found that the region's fiscal … outlook was mostly benign. In this study we update the debt sustainability assessment, taking stock of the latest data and … forecasts and the underlying macroeconomic assumptions. By and large, we find that standard debt sustainability analysis (DSA …
Persistent link: https://www.econbiz.de/10013009384
Debates on drafts of the currently designed Conception for The Long-Term Socio-Economic Development of the Russian Federation (below referred to as the Conception) engender a number of questions concerning the problem of a balanced budgetary policy. To examine budgetary implications of...
Persistent link: https://www.econbiz.de/10013100544
growth, the sustainability of countries' fiscal positions, and the international implications of the new fiscal landscape. It … fiscal sustainability. Finally, it offers some conclusions and lessons that can be shared by European and non …
Persistent link: https://www.econbiz.de/10013069707
This paper argues that austerity is not a good solution for fiscal consolidation and sustainability. Therefore, it is … imperative to find a new approach. This paper presents a mechanism to improve both tax compliance and fiscal sustainability …
Persistent link: https://www.econbiz.de/10013001236
Using the indicator of fiscal sustainability proposed by Blanchard, the paper analyzes the case of Bogotá. Then, it … proposes an indicator that examines the amount of resources for public investment that could be spent without fiscal non-sustainability …
Persistent link: https://www.econbiz.de/10013152923
We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the …
Persistent link: https://www.econbiz.de/10012909021