New Zealand's ageing population is expected to have a significant impact on long-term government expenditure, particularly in the areas of health and superannuation. Recent projections from Treasury's Long-Term Fiscal Model suggest that, under current policy settings, government expenditure...

This paper defines fiscal impulse as a measure of whether government fiscal policy decisions are adding to, or subtracting from, aggregate demand pressures in the economy. When assessing the effects of fiscal policy on the economy it can be useful to have an approximate estimate of fiscal...

This paper provides estimates of individual and aggregate revenue elasticities of income and consumption taxes in New Zealand, based on the 2001 tax structure and expenditure patterns. Using analytical expressions for revenue elasticities at the individual and aggregate levels, together with a...

Deutschland steht bei der Modernisierung seines Kapitalstocks vor enormen Herausforderungen. Vor dem Hintergrund einer Vernachlässigung der öffentlichen Investitionen in den letzten beiden Jahrzehnten gilt es nun, die Infrastruktur auf den neuesten Stand zu bringen und den hier aufgelaufenen...

The common sense remarks that Brazilian public service has a chronic oversize, a characteristic of a patronage and entrenched patrimonialism and partisanship. This paper shows evidences that refute this common sense. In addition, the paper offers recommendations and proposals to overcome this...

The objective of this text is to present and address the spending on medicines of the Brazilian Public Health System (SUS) from 2010 to 2016 in a budgetary perspective. The analysis was based on the budget execution of the Ministry of Health and the health departments of the states, the Federal...

The aim of the research work was to analyze the implementation of a new methodology in the framework of the European System of Regional and National Accounts ESA 2010. In order to achieve the objective author: i) described the need for a methodology for measuring the economy; ii) discussed the...

The recent macroeconomic literature dealing with fiscal policy multipliers is dominated by applications of aggregate DSGE (Dynamic Stochastic General Equilibrium) models, whereas multi-sectoral models (econometric input-output or CGE) are absent. This paper contributes to the debate from a...