To fulfill their tasks, governments rely on public expenditures and taxes. Both influence the incentives and shape the decisions and actions of private economic agents. As governments resort to both instruments simultaneously, their combined theoretical impact on economic performance is a priori...

En este trabajo se ilustran los efectos de distintas medidas de consolidación fiscal sobre la actividad económica mediante simulaciones realizadas con un modelo de equilibrio general calibrado para la economía española. Los resultados muestran que, con carácter general, el proceso de...

An attempt has been made in this paper to develop a budget model by appropriately linking the various macro-economic and budgetary variables to offer a frame work for analysing the impact of budgeting on growth and inflation. The author first discusses the current trends in budgeting, growth and...

This article examines the relationship between government budgetary policy and the pursuit of accelerated economic growth. The authors review the academic debate over long-term economic growth and associated short-term fluctuations and conclude that Russian budgetary intended to smooth...