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Effects of Budget Deficit on Private Savings in Moroccan Economy using SVAR Modeling
Ghassan, Hassan B. - Volkswirtschaftliche Fakultät, … - 2003
includes national saving rate and budget deficit rate, to test the Ricardian Equivalence hypothesis. In this framework we … separate saving and deficit movements into two types of shocks, associated with structural parameters, as we looking for two … private saving compensated a big fraction 90 per cent of the shock in budget deficit. This supports the interpretation that …
Persistent link: https://www.econbiz.de/10011108619
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Test de l’équivalence Ricardienne par la Modélisation SVAR
Ghassan, Hassan B. - Volkswirtschaftliche Fakultät, … - 2003
The purpose of this paper is to test the Ricardian Equivalence hypothesis REH by estimating a SVAR model. In this … framework, we separate the co-movements of saving rate and budget deficit rate into two types of shocks, associated with … suggest that the REH applies to Moroccan economy, since private saving compensates a big fraction i.e. 90 percent of the shock …
Persistent link: https://www.econbiz.de/10011114456
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Test de l’effet de stabilisation automatique par la modélisation SVAR sans contrainte de long terme
Ghassan, Hassan B. - Volkswirtschaftliche Fakultät, … - 2003
-growth and budget deficit by using structural VAR methodology with quarterly macroeconomic data of Moroccan economy. The SVAR …
Persistent link: https://www.econbiz.de/10011107590
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Does the Constraint in the Matrix of Long Run Effects Bias the Ricardian Equivalence Test?
Ghassan, Hassan - 2008
The purpose of this paper is to test the Ricardian Equivalence Hypothesis REH by estimating a SVAR model. In this … framework, we separate the co-movements of saving rate and budget deficit rate into two shocks, associated with structural … that REH is applicable to Moroccan economy, since private saving compensates a large fraction i.e. 90% of the shock in …
Persistent link: https://www.econbiz.de/10012770574
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Chapter 27 Generational policy
Kotlikoff, Laurence J. - In: Handbook of public economics : volume 4, (pp. 1873-1932). 2002
Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter in Volume 4 of the Handbook of Public Economics shows how...
Persistent link: https://www.econbiz.de/10014024862
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The Limits to Fiscal Stimulus
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2009
The paper considers the case for an internationally coordinated further fiscal stimulus during the second half of 2009. Although this makes some of the analysis period-specific, most of the issues and principles considered are timeless. For a fiscal stimulus to be both effective there must be...
Persistent link: https://www.econbiz.de/10008557012
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Fiscal Prospects and Reforms in India
Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448
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Fiscal and debt sustainability in a federal structure : the case of Assam in North East India
Dutta, Parag - In: Romanian journal of fiscal policy : RJFP 5 (2014) 1, pp. 1-19
While containing deficits and public debt at sustainable level is a matter of concern for all the states in India, their heterogeneity in terms of size, level of income, fiscal position and the ability to raise resources calls for individual analysis of the issue of fiscal sustainability of a...
Persistent link: https://www.econbiz.de/10010492743
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Public Debt and Low Interest Rates
Blanchard, Olivier J. - 2019
Blanchard develops four main arguments concerning the costs of public debt when safe interest rates are low.First, the current US situation in which safe interest rates are expected to remain below growth rates for a long time is more the historical norm than the exception. If the future is like...
Persistent link: https://www.econbiz.de/10012891270
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Wunsch und Wirklichkeit: kaum Ausgabenspielräume in der neuen Legislaturperiode : zwischen Schuldenbremse und Steuererhöhungen
Diermeier, Matthias; Hüther, Michael; Obst, Thomas - 2021
Der Wahlkampf zur Bundestagswahl 2021 bringt verschiedene Forderungen an den zukünftigen Bundeshaushalt mit sich. So muss dieser in der kommenden Legislaturperiode womöglich die "Mütterrente" finanzieren, die EEG-Umlage übernehmen, den Anstieg der Sozialbeitragsquote über 40 Prozent...
Persistent link: https://www.econbiz.de/10012618690