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of advanced countries prove the fiscal sustainability while social spending rising? We conducted panel cointegration …, Netherlands, and Norway, with their individual time-series data, the fiscal sustainability of social spending is shown to maintain … by these countries. The fiscal sustainability between tax revenues and social spending has been found to maintain by the …
Persistent link: https://www.econbiz.de/10012925491
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
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011811360
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011814265
Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade. Government attempts to restore fiscal health have been undermined by a gridlocked Congress. While only minor reforms have been enacted...
Persistent link: https://www.econbiz.de/10011914250
(the "fiscal sustainability gap"). …
Persistent link: https://www.econbiz.de/10012317450
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011822075
, illustrate its performance, explore its strengths and weaknesses, and sketch out a way forward to measuring sustainability in a …
Persistent link: https://www.econbiz.de/10012996412
expenditures, has been used to assess the long-run fiscal sustainability in Norway. The simulations suggest that Norway faces a … severe fiscal sustainability problem in the long run, despite an exceptionally strong fiscal position at present. This result …
Persistent link: https://www.econbiz.de/10014025288
This paper seeks first to test whether there is evidence of fiscal fatigue in the Central Africa Economic and Monetary Community (CEMAC) countries. On the contrary, we want to investigate the impact of fiscal rules on fiscal space to see if the implementation of fiscal rules enhances fiscal...
Persistent link: https://www.econbiz.de/10013454409