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Structural budget balances in oil-rich countries : the cases of Azerbaijan, Kazakhstan, and Russia

Ahmadov, Vugar; Sarkarli, Ulvi; Rahmanov, Ramiz - 2018

This study aims to analyse the discretionary fiscal policy of Azerbaijan, Kazakhstan, and Russia for the period 2003 … demonstrate that fiscal policies tend to be mainly procyclical in Kazakhstan and Russia. Azerbaijan conducted a counter … defines the discretionary fiscal position and the aggregate demand effect of fiscal policy. The SBBs in Azerbaijan and Russia …

Persistent link: https://www.econbiz.de/10011927258

Resultado estrutural e impulso fiscal: Aprimoramentos metodológicos

Gobetti, Sérgio Wulff; Orair, Rodrigo Octávio; Dutra, … - 2018

This paper provides a survey of the methodologies for estimating the structural budget balance and the fiscal impulse, which highlights the recent international literature spread by European Commission studies (Havik et al., 2014; Carnot e Castro, 2015). From this theoretical background, the paper...

Persistent link: https://www.econbiz.de/10012146736

Resultado estrutural e impulso fiscal : aprimoramentos metodológicos

Gobetti, Sérgio Wulff; Orair, Rodrigo Octávio; Dutra, … - 2018

Persistent link: https://www.econbiz.de/10011894234

Russian Fiscal Policy During the Financial Crisis

Ponomarenko, Alexey A. - 2010

This study examines the expanding role of fiscal policy at a time of financial crisis. It analyses the stimulative fiscal measures of the Russian government in 2008-2010 and compares these with similar actions taken in other countries. The risks and limitations associated with the development...

Persistent link: https://www.econbiz.de/10013138901

Fiscal policy within a common currency area : growth implications in the light of neoclassical theory

Konopczyński, Michał - In: Contemporary economics 7 (2013) 3, pp. 5-16

We examine the long-run impact of fiscal policy on economic growth under the conditions of an economic and monetary union (EMU). The analysis is based on the neoclassical growth model of a small (in economic terms) open economy in an EMU. The core assumptions are perfect capital mobility, which...

Persistent link: https://www.econbiz.de/10010228515

A contribution to the Reinhart and Rogoff debate: not 90 percent but maybe 30 percent

Lee, Sokbae; Park, Hyunmin; Seo, Myung Hwan; Shin, Youngki - 2014

Using the Reinhart-Rogoff dataset, we find a debt threshold not around 90 percent but around 30 percent above which the median real GDP growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship between public debt and median real GDP growth. The null...

Persistent link: https://www.econbiz.de/10010403485

How do the tax burden and the fiscal space in Latin America look like? : evidence through Laffer Curves

Lozano-Espitia, Ignacio; Arias-Rodríguez, Fernando - In: Latin American economic review : LAER ; official … 30 (2021), pp. 1-26

How much fiscal space do Latin American countries have to increase their tax burdens in the long term? This paper provides an answer through Laffer curves estimates for taxes on labor, capital, and consumption for the six largest emerging economies of the region: Argentina, Brazil, Chile,...

Persistent link: https://www.econbiz.de/10012817986

Who cares? : attitudes towards redistribution and fiscal austerity

Brown, Sarah; Kontonikas, Alexandros; Montagnoli, Alberto; … - 2021

We present new evidence showing that fiscal austerity strengthens support for redistribution, especially for the relatively well-off. Our theoretical model proposes two mechanisms to explain this heterogeneity in support for redistribution: "altruism" and "appreciation". We test our theoretical...

Persistent link: https://www.econbiz.de/10012668262

Do EU fiscal rules support or hinder counter-cyclical fiscal policy?

Larch, Martin; Orseau, Eloïse; Van Der Wielen, Wouter - 2020

Rather than stabilising aggregate demand, discretionary fiscal policy tends to amplify cyclical fluctuations of output. The commonly accepted reasons are political economy and uncertainty. In the EU, the pro-cyclical nature of discretionary fiscal policy has also been associated with the...

Persistent link: https://www.econbiz.de/10012206018

Do fiscal rules reduce public investment? : evidence from European regions

Mühlenweg, Leonard; Gerling, Lena - 2023

This paper analyses the impact of fiscal rules on different public spending categories, namely public expenditure and investment, at the subnational level in Europe. Building on the notion of the deficit bias, we suspect that in the presence of fiscal rules, politicians have an incentive to...

Persistent link: https://www.econbiz.de/10014314210

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