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for a prolonged period with the result of a high inflationary environment. This paper examines the deficit-inflation nexus … in the Zimbabwean economy and establishes the causal link that runs from the budget deficit to the inflation rate using …
Persistent link: https://www.econbiz.de/10008493022
and external imbalances and inflation as relevant determinants of sovereign yields. -- long-term yields ; panel …
Persistent link: https://www.econbiz.de/10008653417
We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual … expected inflation equilibriums and regime switching in the mean and variance of the fiscal deficit probability density …
Persistent link: https://www.econbiz.de/10012165948
This paper empirically analyses the relationship between political leaders' socioeconomic backgrounds and public budget deficits utilising panel data on 21 OECD countries from 1980 to 2008. Building on sociological, as well as economic, research, we argue that the socioeconomic status of...
Persistent link: https://www.econbiz.de/10009704948
The aim of the article is to investigate the fiscal determinants of stock-flow adjustment (SFA). Previous literature suggests that SFA may be used strategically to reduce budget deficit and public debt. As such, SFA impairs fiscal transparency and may endanger fiscal sustainability. Therefore,...
Persistent link: https://www.econbiz.de/10012104430
This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...
Persistent link: https://www.econbiz.de/10012133662
This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...
Persistent link: https://www.econbiz.de/10012157827
This paper empirically analyses the relationship between political leaders' socioeconomic backgrounds and public budget deficits utilising panel data on 21 OECD countries from 1980 to 2008. Building on sociological, as well as economic, research, we argue that the socioeconomic status of...
Persistent link: https://www.econbiz.de/10010294450
Der Stabilitäts- und Wachstumspakt ist in den vergangenen Jahren von einer zunehmenden Zahl von Ländern verletzt worden. Dies deutet auf Mängel in der Gestaltung bzw. in der Umsetzung des Pakts hin. Kritisiert wird insbesondere das zentrale Kriterium für eine nachhaltige Finanzpolitik, eine...
Persistent link: https://www.econbiz.de/10010295433
We estimate the political economy determinants of budget deficit forecast errors. Since the adoption of the Stability Pact, Eurozone governments have manipulated forecasts before elections. The political orientation and the institutional design of governments also affects the quality of forecasts.
Persistent link: https://www.econbiz.de/10010296349