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Bi, Huixin; Leeper, Eric M.; Leith, Campbell - 2013

The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain. We find that the composition of the fiscal consolidation, its duration, the monetary policy stance, the level of government debt, and...

Persistent link: https://www.econbiz.de/10010319687

Aid, growth and private capital flows to Ghana

Osei, Robert Darko - 2012

This study provides an analysis of the aid-private capital flows-growth nexus for Ghana. It is premised on the argument that Ghana's new status as a middle income country plus the start of oil production is bound to result in a reduction in ODA inflows in the long term. However in the short to...

Persistent link: https://www.econbiz.de/10010319799

Improving the SGP: Taxes and Delegation rather than Fines

Lindbeck, Assar; Niepelt, Dirk - 2004

We analyze motivations for, and possible alternatives to, the Stability and Growth Pact (SGP). With regard to the former, we identify domestic policy failures and various cross-country spillover effects; with regard to the latter, we contrast an economic-theory perspective on optimal corrective...

Persistent link: https://www.econbiz.de/10010320079

Fiskalpolitik vor 50 Jahren und heute: Expansion, Stabilisierung und Konsolidierung

Beznoska, Martin; Hentze, Tobias - In: IW-Trends - Vierteljahresschrift zur empirischen … 51 (2024) 1, pp. 67-74

Ähnlich wie heute drehte sich der Diskurs zu den öffentlichen Finanzen vor einem halben Jahrhundert um unzureichende Investitionen, steigende Zinsausgaben sowie den Sinn und Zweck von Haushaltsdefiziten. Nach den Zeiten des "Wirtschaftswunders" in den 1950er und 1960er Jahren, in denen die...

Persistent link: https://www.econbiz.de/10014530123

News and Views on Public Finances: A Survey Experiment

Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024

We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...

Persistent link: https://www.econbiz.de/10014534461

Difficulties in testing for capital overaccumulation

Kocherlakota, Narayana Rao - In: Quantitative Economics 15 (2024) 1, pp. 89-114

This paper reconsiders the question of testing for the presence of Pareto suboptimal capital overaccumulation in overlapping generations economies. The paper allows generation-specific technology shocks to evolve over time according to a stationary Markov chain, and assumes that an...

Persistent link: https://www.econbiz.de/10014536979

Inflation and fiscal policy: Is there a threshold effect in the fiscal reaction function?

Briodeau, Clémence; Checherita-Westphal, Cristina - 2023

This paper estimates a fiscal reaction function (FRF) framework for euro area countries to test for the impact of … negative - at somewhat above 4% for the sample of mature euro area economies (EA-12, first twelve EA members) and around 6% for … the whole sample of euro area countries in 2022 (EA-19). Using an alternative measure of "inflation surprise" (available …

Persistent link: https://www.econbiz.de/10014543680

News and views on public finances: A survey experiment

Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024

Persistent link: https://www.econbiz.de/10014546872

Estimating structural budget balances in developing Asia

Jalles, João Tovar - 2024

This paper reviews the current discussions, methods, and practices surrounding the estimation of reasonable proxies for the underlying fiscal position, a useful anchor for fiscal policy. An empirical application to developing Asian economies is carried out. There is no one-size fits all type of...

Persistent link: https://www.econbiz.de/10014549313

Government balance-consistent economic growth rates and their implications: A study of the Euro area countries

Pattichis, Charalambos - In: European Journal of Government and Economics (EJGE) 9 (2020) 3, pp. 220-231

for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these … that many euro area countries would not be experiencing excessive imbalances in their government budget over the long …-run that could harm future economic growth. The analysis has also shown that for many euro area countries, the predictions of …

Persistent link: https://www.econbiz.de/10014551685