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Nebraska is in a sound fiscal position compared to other states, but this situation is not likely to last. States are being asked to do more by both the local and federal levels of government, and the resulting budgetary squeeze needs to be addressed. States set budgets over short horizons, but...
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distribution of future debt stocks and demonstrate the variance reducing impact of feedback rules for primary deficits in a case …
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government expenditures is higher from 2010 onwards, and, for higher average public debt ratios, the response is lower, while … reacts positively to the lagged public debt ratio and past primary government balances contribute to the reduction of the … public debt ratio, indicating a Ricardian fiscal regime. Furthermore, in a panel framework: (ii) the response of revenues to …
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In the contemporary capitalism model and in relation to the functioning of the economy there is a counterproductive view of the state as an institution. This has led to a reversal of the hierarchy between the state and the private sector, since it subordinates states to markets. Fiscal policy...
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methods, we found the absolute and relative primary values of the year-on-year changes in public revenues, public expenditures … and public debt since 2016 and substituted in the formula for calculating thearea of the magic triangle. We found that in …
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