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delivery and finances. A variety of indices are constructed, and consistency checks devised to measure relative performance. No …
Persistent link: https://www.econbiz.de/10009365524
delivery and finances. A variety of indices are constructed, and consistency checks devised to measure relative performance. No …
Persistent link: https://www.econbiz.de/10008590957
A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries...
Persistent link: https://www.econbiz.de/10012956473
Congress has expressed interest, one way or the other, in a balanced-budget requirement for the past six decades. Yet … despite numerous attempts, the legislative body has never passed a constitutional balanced-budget amendment. Most of the …. Less time and effort has been spent on economic analysis. This paper discusses how a balanced-budget requirement would …
Persistent link: https://www.econbiz.de/10013043147
The European Union's constitutional balanced-budget amendment, the Stability and Growth Pact (SGP), dictates that EU … member states keep their budget deficits within three percent of GDP and that government debt be kept at or below 60 percent … prioritizes budget-balancing over reductions in spending and unemployment. For Americans, this a valuable lesson, as it shows what …
Persistent link: https://www.econbiz.de/10013030527
-sustainable strategy. A combination of government-imposed tax increases and sustained cuts in non-interest government spending, most likely …
Persistent link: https://www.econbiz.de/10013142255
UPAII interim budget, and the change from the interim budget. Although overall tactics are aligned to the strategy …The article examines the restructuring of expenditure in the first budget of the new government, and its feasibility …. It compares the increase in budget allocations for key macroeconomic aggregates and sectoral plan outlays for the BJP and …
Persistent link: https://www.econbiz.de/10010945204
We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012 …, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0 …
Persistent link: https://www.econbiz.de/10014137261
The aim of this study is to determine the nature of the discretionary fiscal policy practiced by non-euro EU member states, namely to deduce some bias for one of the two types of fiscal policies - procyclical or countercyclical. For this purpose, we used time series for the period 1995-2020, of...
Persistent link: https://www.econbiz.de/10013472810
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country's fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the...
Persistent link: https://www.econbiz.de/10009783106