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Assessing fiscal sustainability in Egypt : a comparative study
Al Sayed, Ola; Samir, Ashraf; Anwar, Heba Hesham - In: Review of economics and political science : REPS 6 (2021) 4, pp. 292-310
Purpose - This paper aims to assess the fiscal sustainability in Egypt during the period 1990-2018 using deficit accounts (DA) approach. It also tries to investigate the possibility of applying generational accounts (GA) in Egypt as a new approach to assess fiscal sustainability....
Persistent link: https://www.econbiz.de/10012872487
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Fiscal risk and its drivers: An empirical analysis
Panizza, Ugo - 2020
This paper describes and quantifies fiscal risk in advanced and developing economies. Forecast errors in GDP growth explain nearly half of fiscal risk in advanced economies. However, errors in growth forecasts are less important in explaining fiscal risk in low- and middle-income countries. Most...
Persistent link: https://www.econbiz.de/10012606368
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Fiscal risk and its drivers : an empirical analysis
Panizza, Ugo - 2020
This paper describes and quantifies fiscal risk in advanced and developing economies. Forecast errors in GDP growth explain nearly half of fiscal risk in advanced economies. However, errors in growth forecasts are less important in explaining fiscal risk in low- and middle-income countries. Most...
Persistent link: https://www.econbiz.de/10012392426
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GENERATIONAL ACCOUNTING AS A TOOL TO EVALUATE THE FISCAL SUSTAINABILITY OF ESTONIA
Medijainen, Mikk - Majandusteaduskond, Tartu Ülikool - 2010
Generational accounting is a relatively recent methodology that measures the fiscal burden government policies impose on future generations. Comparing the fiscal burden of future generations to the burden levied on current newborns yields the generational imbalance. Micro data from the Household...
Persistent link: https://www.econbiz.de/10008492908
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Generational Accounts in the Czech Republic
Dybczak, Kamil - Česká Národní Banka - 2006
The government intertemporal budget constraint states that all public liabilities have to be financed by either current or future generations. The generational accounting approach incorporates the expected demographic development and the parameters of the current fiscal policy into the...
Persistent link: https://www.econbiz.de/10005094103
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Generational Accounting in Turkey
Haciibrahimoglu, Damla; Derin-Gure, Pinar - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2013
generational accounts for Turkey in an attempt to measure the generational gap and compare the Turkish intergenerational fiscal … imbalance to the disadvantage of future generations in Turkey. Several hypothetical policy experiments have been implemented in … the paper to achieve the generational balance in Turkey. …
Persistent link: https://www.econbiz.de/10010617671
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
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What do deficits tell us about debt? : empirical evidence on creative accounting with fiscal rules in the EU
Hagen, Jürgen von; Wolff, Guntram B. - 2006
Fiscal rules, such as the Excessive Deficit Procedure and the Stability and Growth Pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this depends on the...
Persistent link: https://www.econbiz.de/10010366529
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The effect of fiscal rules on public investment if budget deficits are politically motivated
Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010371104
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Fiscal Deficits and the Role of Fiscal Governance : The Case of Greece
Kaplanoglou, Georgia - 2012
In view of the growing attention paid to the role of fiscal governance in budgetary outcomes, this paper tries to shed light on the link between the recent Greek fiscal crisis and aspects of fiscal governance. It reviews fiscal developments in Greece over the last decade and challenges the...
Persistent link: https://www.econbiz.de/10013099644