Showing 1 - 10 of 18,625
This paper investigates the sustainability of fiscal policy in a set of 19 countries by taking a longer-run secular …, longer-run fiscal sustainability cannot be rejected (Japan and Spain can be exceptions). The same would be true for the panel …
Persistent link: https://www.econbiz.de/10014177544
(the "fiscal sustainability gap"). …
Persistent link: https://www.econbiz.de/10012317450
primary balance. The sustainability exercise also showed that fiscal policy is sustainable. However, it is found that this … sustainability was not a result of appropriate fiscal policy. While factors outside of the Governments control worsened the primary …
Persistent link: https://www.econbiz.de/10012298406
changes in a country`s terms of trade. An alternative indicator of fiscal sustainability is derived, and the principal factors … determining sustainability are identified. The results of the analysis are applied to Venezuela and Kuwait …
Persistent link: https://www.econbiz.de/10012752400
We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance … sustainability by positively influencing the responsiveness of the primary and global government balances; the responses of the …-relationship between the fiscal sustainability coefficients. …
Persistent link: https://www.econbiz.de/10013494178
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
In this paper we characterise fiscal policy in terms of non-linear processes. We find that government spending and taxes can be described as being non-linear trend stationary processes instead of unit roots. A long run equilibrium relationship - a non-linear co-trend - does exist between the two...
Persistent link: https://www.econbiz.de/10014075912
study examines the stationarity and the sustainability of public finance for six industrial countries over the period … spanning from 1870 to 2017. Longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is …
Persistent link: https://www.econbiz.de/10013292090
Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/‌-‍wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....
Persistent link: https://www.econbiz.de/10012155253
The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...
Persistent link: https://www.econbiz.de/10013040528