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The effect of fiscal rules on public investment if budget deficits are politically motivated
Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010371104
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Federalism, fiscal space, and public investment spending : do fiscal rules impose hard budget constraints?
Chakraborti, Pinaki - 2017
The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability …
Persistent link: https://www.econbiz.de/10011591040
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Do fiscal rules undermine public investments? : a review of empirical evidence
Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023
Fiscal rules are a frequent policy measure to restrict deficit-taking among incumbent politicians. In times of increased and sustained investment needs to mitigate the consequences of climate change, and to promote the digital and structural transformation, fiscal rules have become subject to...
Persistent link: https://www.econbiz.de/10014279327
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Public investment and fiscal crisis in Brazil : finding culprits and solutions
Bonomo, Marco Antonio; Frischtak, Cláudio R.; Ribeiro, … - 2021
We investigate the relation between existing fiscal rules and investments in the context of a fiscal crisis in Brazil. We analyze existing fiscal rules at national and subnational levels, their enforcement, and proposed alternatives. Using narrative analysis, case studies, interviews, empirical...
Persistent link: https://www.econbiz.de/10012586295
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Fiscal rules and public investment : the case of Peru, 2000-2019
Mendoza Bellido, Waldo; Vega, Marco; Rojas, Carlos; … - 2021
fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation … fiscal sustainability issues. Nevertheless, our quantitative results are limited to short spans of analysis. With a long …
Persistent link: https://www.econbiz.de/10012587002
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Fiscal policy and financing for development in Developing Countries
Sawadogo, Pegdéwendé Nestor - 2020
Persistent link: https://www.econbiz.de/10012599005
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Recent advances in public investment, fiscal policy and growth
Del Bo, Chiara - 2009 - This version: October 26th 2009
Persistent link: https://www.econbiz.de/10011705915
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Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries
Afonso, António; Coelho, José Carlos - 2024
We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of … fiscal rules on sustainability coefficients à la Hakkio and Rush (1991) and Bohn (1998) are heterogenous. Furthermore, before …
Persistent link: https://www.econbiz.de/10014543858
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Back to the future : fiscal rules for regaining sustainability in Belize
Cevik, Serhan - 2019
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/10012154706
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DIGNAR-19 toolkit manual
Aligishiev, Zamid; Melina, Giovanni; Zanna, Luis-Felipe - 2021
This note is a user's manual for the DIGNAR-19 toolkit, an application aimed at facilitating the use of the DIGNAR-19 model by economists with no to little knowledge of Matlab and Dynare via a user-friendly Excel-based interface. he toolkit comprises three tools-the simulation tool, the graphing...
Persistent link: https://www.econbiz.de/10013334922