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Economic stabilisation and performance in West Africa : the role of fiscal and monetary policy

Mesagan, Ekundayo P.; Yusuf, Ismaila A. - 2019

The study examines the impact of fiscal and monetary policy on economic performance and stabilisation in Nigeria … proxy economic performance and economic stabilisation respectively while fiscal policy is captured with deficit finance and … confirms that monetary policy significantly drives economic stabilisation in Nigeria and the Gambia, but insignificantly in …

Persistent link: https://www.econbiz.de/10012137607

What determines fiscal policy? : evidence from German states

Berger, Helge (contributor); Holler, Anika (contributor) - 2007

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...

Persistent link: https://www.econbiz.de/10003726324

Macroeconomic preconditions of the realization of a new growth model

Drobyshevsky, Sergey; Sinelnikov-Murylev, Sergey - 2013

The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...

Persistent link: https://www.econbiz.de/10009687814

Sustainable finance for inclusive growth in Thailand

Bogiatzis, Adam; Asada, Hidekatsu; Rahuman, Mohamed … - 2018

The Partnerships pillar of the 2030 Agenda for Sustainable Development cuts across all the goals focusing on the mobilisation of resources needed to implement the agenda. Thailand’s “sufficiency economy philosophy” encourages the prioritisation of long-term sustainability over short-term...

Persistent link: https://www.econbiz.de/10011914182

The relation between budget deficits and growth : complicated but clear

Wray, L. Randall; Lin, Eric - 2024

This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...

Persistent link: https://www.econbiz.de/10015069505

Policies to Reduce Federal Budget Deficits by Increasing Economic Growth

Elmendorf, Douglas W.; Hubbard, R. Glenn; Liscow, Zachary - National Bureau of Economic Research - 2025

Could policy changes boost economic growth enough and at a low enough cost to meaningfully reduce federal budget deficits? We assess seven areas of economic policy: immigration of high-skilled workers, housing regulation, safety net programs, regulation of electricity transmission, government...

Persistent link: https://www.econbiz.de/10015409866

Finanzpolitik in Deutschland : Herausforderungen und Lösungswege

Boss, Alfred - 2009

In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...

Persistent link: https://www.econbiz.de/10003877594

Costa Rica : restoring fiscal sustainability and setting the basis for a more growthfriendly and inclusive fiscal policy

Araújo, Sónia; Guichard, Stéphanie - 2018

Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade. Government attempts to restore fiscal health have been undermined by a gridlocked Congress. While only minor reforms have been enacted...

Persistent link: https://www.econbiz.de/10011914250

A contribution to the Reinhart and Rogoff debate: not 90 percent but maybe 30 percent

Lee, Sokbae; Park, Hyunmin; Seo, Myung Hwan; Shin, Youngki - 2014

Using the Reinhart-Rogoff dataset, we find a debt threshold not around 90 percent but around 30 percent above which the median real GDP growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship between public debt and median real GDP growth. The null...

Persistent link: https://www.econbiz.de/10010403485

A survey of the role of fiscal policy in addressing income inequality, poverty reduction and inclusive growth

Heshmati, Almas; Kim, Jungsuk - 2014

A growing concern on widening income gap between the rich and the poor, the policy mismatch in tackling the relative poverty and income inequality have invited increasing volumes of research focusing on the nexus between equity and efficient growth. Developed countries have experienced the...

Persistent link: https://www.econbiz.de/10010345543