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A cycle-adjusted fiscal rule for sustainable and more equitable growth in Argentina
Zúñiga, Jimena; Capello, Marcelo; Butler, Inés; … - 2013
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and … quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low …
Persistent link: https://www.econbiz.de/10011303821
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Fiscal rules and the behavior of public investment in Latin America and the Caribbean : towards growth-friendly fiscal policy? : the case of Argentina
Artana, Daniel A.; Moskovits, Cynthia; Puig, Jorge; … - 2021
This paper analyzes the implementation of Fiscal Rules (FR) in Argentina. Several clear attempts to establish a FR at …, had Argentina complied with the 2004 FR. Moreover, an econometric exploration of the link between flexible FRs and public … investment. Based on the previous analysis, guidelines for a proposal for a FR in Argentina are provided. …
Persistent link: https://www.econbiz.de/10012586827
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ARGEMmy: an intermediate DSGE model calibrated/estimated for Argentina : two policy rules are often better than one
Escudé, Guillermo J. - 2009
Persistent link: https://www.econbiz.de/10003850676
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Budget-neutral fiscal rules targeting inflation differentials
Brede, Maren - 2016
In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...
Persistent link: https://www.econbiz.de/10011437921
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Deficit policy within the framework of the stability and growth pact : empirical results and lessons for the fiscal compact
Afflatet, Nicolas - 2016
This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an impact on the deficit policy of member states. The empirical analysis gives no hint for an alteration of deficit policy after having joined EMU or after having breached the Pact in...
Persistent link: https://www.econbiz.de/10011488439
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The welfare and stabilization benefits of fiscal rules : evidence from Canadian provinces
Landon, Stuart; Smith, Constance E. - 2015
Persistent link: https://www.econbiz.de/10011376702
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Do large cabinets favor large governments? : evidence from Swiss sub-federal jurisdictions
Schaltegger, Christoph A.; Feld, Lars P. - 2004
The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...
Persistent link: https://www.econbiz.de/10011451337
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The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?
Truger, Achim - 2016
Finanzpolitik insgesamt größere Spielräume einräumen und die öffentlichen Investitionen als besonders wachstumsrelevante öffentliche …
Persistent link: https://www.econbiz.de/10011477456
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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence can give rise to persistent liquidity trap episodes. Unlike in the case of fundamental-driven liquidity traps, there is no straightforward recipe for mitigating the welfare costs...
Persistent link: https://www.econbiz.de/10012037377
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Strengthening the post-crisis fiscal rules - the case of Spain, Slovakia and Sweden
Moździerz, Anna - 2014
The purpose of this article is to identify changes in the development of national fiscal rules in response to the crisis, in terms of the new economic governance in the EU. In-depth analysis was carried out on the example of the three countries that have the highest Fiscal Rule Strength Index,...
Persistent link: https://www.econbiz.de/10012002050