Similar Search Results

Debt Control : An Alternative Route to a Balanced Budget

Larson, Sven R. - 2014

This paper discusses an alternative route to a balanced budget, namely through debt control. Two models are compared: the debt brake which has been used in Switzerland since 2003 and the debt limitation model proposed by Compact for America. The paper concludes that the former, while apparently...

Persistent link: https://www.econbiz.de/10013039778

Reopening the Case for a Balanced Budget Amendment

Larson, Sven R. - 2014

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 analysis of why we don't yet have a constitutional...

Persistent link: https://www.econbiz.de/10013043147

How Much is a Lot? Historical Evidence on the Size of Fiscal Adjustments

Escolano, Julio - 2014

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we rely on historical evidence from a sample of 91 adjustment episodes of countries...

Persistent link: https://www.econbiz.de/10013044589

Fiscal Sustainability Test on Social Spending

Lee, Kang Koo - 2018

Social welfare expenditure in Korea has rapidly increased to resolve the problems due to the low birth rate and aging population. Moreover, the amount of social welfare expenditure is expected to rise significantly in the future. In this manner, we tried to answer the following questions in this...

Persistent link: https://www.econbiz.de/10012925491

Debt limits and fiscal space for some Latin American economies

Lozano-Espitia, Ignacio; Julio-Román, J. Manuel - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-10

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the fiscal fatigue approach (Ghosh et al., 2013). We propose the spline technique to estimate each government's reaction function and the sovereign risk premium endogenous to the...

Persistent link: https://www.econbiz.de/10012545587

The German "debt brake" : success factors and challenges

Feld, Lars P.; Reuter, Wolf Heinrich - 2021 - Final draft, Version: 16 June 2021

Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a strong decline in its public debt to GDP ratio until the coronavirus pandemic struck. The past ten years and the reaction to the current crisis in Germany illustrate the...

Persistent link: https://www.econbiz.de/10012549653

Von der Corona-bedingten Schuldenaufnahme zur Wiedereinhaltung der Schuldenbremse

Feld, Lars P.; Nöh, Lukas; Reuter, Wolf Heinrich; … - 2021

Die Wiedereinhaltung der Schuldenbremse auf der Bundesebene macht in den kommenden Jahren eine Reduktion der im Rahmen … Vergleich mit der maximal zulässigen Nettokreditaufnahme unter der Schuldenbremse dar. Diese Spielräume erhöhen sich … führen, helfen, die Spielräume durch die Konjunkturkomponente der Schuldenbremse verlässlicher zu bestimmen. Einschränkend …

Persistent link: https://www.econbiz.de/10012511817

Von der Corona-bedingten Schuldenaufnahme zur Wiedereinhaltung der Schuldenbremse

Feld, Lars P.; Nöh, Lukas; Reuter, Wolf Heinrich; … - 2021

Persistent link: https://www.econbiz.de/10012511897

Impact of fiscal institutions on public finances in the European Union : review of evidence in the empirical literature

Gorčák, Martin; Šaroch, Stanislav - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 2, pp. 215-232

This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal rules) have successfully contributed to...

Persistent link: https://www.econbiz.de/10012598898

Assessing Dutch Fiscal and Debt Sustainability

Carton, Benjamin; Fouejieu, Armand - 2021

Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance is projected to deteriorate by an unprecedented magnitude, largely as a result of necessary fiscal measures deployed to weather the economic impact of the COVID-19 pandemic. This...

Persistent link: https://www.econbiz.de/10013250092