This paper introduces fiscal policy in a model of sovereign risk spreads (quot;spreadsquot;). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current...

Using a panel dataset of 34 emerging market countries for the period 1990-2002, we examine the roles of various economic, political, and institutional variables in determining fiscal effort, as proxied by the primary surplus. We find that while fiscal effort increases, as expected, with the...

This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective...

Intrinsic motivation is shaped by attitudes towards others. In spite of their potential relevance for policy design, identifying individual preference types beyond population distributions remains a challenge. We use data from a common pool resource (CPR) game in the fi eld (935 individuals, 25%...

Ukrainian Abstract: Метою статті є представити сутність і види фіскальної політики та виокремити основні принципи формування фіскальної політики держави на різних...

Ukrainian Abstract: Метою статті є дослідження теоретичних засад та прикладних проблем фіскальної політики як способу наповнення державного бюджету України. Досліджено...

Mutual funds are tools for savings and investment. They provide reasonable returns while minimizing risks associated with investment. The present research is a research to identify whether mutual funds can contribute towards inclusive growth and development. The research was conducted based on...

We build a public finance model that explains why voters vote for rightwing populists, and also under which conditions established politicians will adopt a right-wing populist policy platform. Voters with lower private income have a stronger demand for basic public services at the expense of...