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Public debt consolidation and its distributional effects

Varthalitis, Petros; Sakkas, Stelios - 2019

We build a dynamic general equilibrium model with heterogeneous households, namely Rich and Poor, and capital skill complementarity structure in the production function, to study aggregate and distributional implications of fiscal consolidation policies when the government uses a rich set of...

Persistent link: https://www.econbiz.de/10012029011

Fiscal delegation in a Monetary Union with decentralized public spending

Basso, Henrique S.; Costain, James - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 256-288

In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...

Persistent link: https://www.econbiz.de/10011576618

Empirical evidence on the Ricardian equivalence in Romania

Belingher, Daniel; Moroianu, Nicolae - In: Theoretical and applied economics : GAER review 22 (2015) 2, pp. 163-170

Persistent link: https://www.econbiz.de/10011561519

The political color of fiscal responsibility

Müller, Andreas; Storesletten, Kjetil; Zilibotti, Fabrizio - In: Journal of the European Economic Association 14 (2016) 1, pp. 252-302

Persistent link: https://www.econbiz.de/10011565503

Do government stimulus programs have different effects in recessions, or by type of tax or spending program?

Heim, John J. - In: Empirical economics : a journal of the Institute for … 51 (2016) 4, pp. 1333-1368

Persistent link: https://www.econbiz.de/10011643609

US fiscal sustainability and the causality relationship between government expenditures and revenues : a new approach based on quantile cointegration

Chen, Pei-Fen - In: Fiscal studies : the journal of the Institute for … 37 (2016) 2, pp. 301-320

Persistent link: https://www.econbiz.de/10011661683

Feedback policy rules for government spending: an algorithmic approach

Kostarakos, Ilias; Kotsios, Stelios - In: Journal of economic structures : JES; the official … 6 (2017) 5, pp. 1-10

We present an algorithmic approach for the design of fiscal policy rules. In particular, using algorithmic feedback control techniques, we design linear feedback policy rules such that predetermined target levels for GDP and public debt are simultaneously, exactly tracked. We run a number of...

Persistent link: https://www.econbiz.de/10011664026

The macroeconomics effects of government spending under fiscal foresight

Jooste, Charl; Naraidoo, Ruthira - In: The South African journal of economics 85 (2017) 1, pp. 68-85

Persistent link: https://www.econbiz.de/10011667423

Alternative strategies to reduce public deficits : taxes vs. spending

Bajo Rubio, Oscar; Gómez-Plana, Antonio G. - In: Journal of applied economics 18 (2015) 1, pp. 45-70

Persistent link: https://www.econbiz.de/10011554866

Federalism, fiscal space, and public investment spending : do fiscal rules impose hard budget constraints?

Chakraborti, Pinaki - 2017

through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out … resulted in an increase in the fiscal space for public capital investment spending in major Indian states. This analysis shows … that by controlling other factors, there is a negative relationship between fiscal rules and public capital investment …

Persistent link: https://www.econbiz.de/10011591040