According to the theory of efficient markets, economic agents use all available information to form rational expectations. The rational expectations hypothesis asserts that information is scarce, the economic system generally does not waste information, and that expectations depend specifically...

According to the theory of efficient markets, economic agents use all available information to form rational expectations. The rational expectations hypothesis asserts that information is scarce, the economic system generally does not waste information, and that expectations depend specifically...

In addition to medical, the corona pandemic has recently left its mark on German society, socially, and above all, economically. The attempts to revive the economy and to minimize the upheavals by a large wreath of various state measures in society as well as the economy can be assessed as...

This book extensively examines various contemporary macroeconomic themes of India, namely growth and macro policies, tax reforms, government finances and intergovernmental fiscal transfers, banking and monetary policy, and environment and social sector policies. It has three to six chapters...

Serious deterioration in government fiscal finances in the late 1990s and early 2000s asked for prudent fiscal management. The fiscal deterioration of 1990s and 2000s led to elevated levels of debt liabilities at both the national and sub-national level. Uttar Pradesh (UP) fiscal position during...

Анализ теоретических концепций бюджетного регулирования различных ученых позволил сделать вывод о том, что, несмотря на значительные различия взглядов и...

Analysis of theoretical concepts of budget regulation of a number of scientists allowed drawing a conclusion that, despite significant differences of views and opinions, practically all of them envisage participation of the state in managing economy. Strengthening of the regulatory function of...

An examination of how increased turnover among legislators in the fifty U.S. states affects fiscal policy and economic growth finds that it makes legislators short-sighted. Turnover increases the size of government by increasing the shares of both total spending and taxes in income. In...

В статье показано, что ключевая проблема формирования необходимых обществу бюджетных услуг решается на основе двух организационно-методических подходов....

В статье рассматривается происхождение и эволюция финансов. Особое внимание уделяется государственным финансам, существенно влияющим на экономическое...

An attempt has been made to understand the factors leading to the worsening situation of the state finances. Investigations reveal that the revenue receipts of the state could not keep pace with expenditure requirements and therefore, led to the decline of its fiscal health. [Working Paper No. 34]

The main objective of the study is to evaluate the Finnish central government's foreign borrowing between the years 1862 and 1938. Most of this period was characterised by deep capital market integration that bears resemblance to the liberal world financial order at the turn of the...

This paper examines the fiscal sustainability of Indian States during the 1990s on the basis of their budgetary data. Sustainability has been discussed using the inter-temporal budget constraint framework and has been tested by applying the panel co-integration technique. The panel analysis...

The main objective of the study is to evaluate the Finnish central government’s foreign borrowing between the years 1862 and 1938. Most of this period was characterised by deep capital market integration that bears resemblance to the liberal world financial order at the turn of the millennium....

The state of Haryana, an old success story of the green revolution in the country, continues to be a relatively high per capita income state. The fiscal position of Haryana has also been sound. But after the onset of the policy of liberalisation by the Government of India (GoI) in 1991-92, the...

State governments play an important role in the provision of public services and in raising revenues to finance them. Therefore, to be successful, it is necessary to involve the state governments in the fiscal adjustment undertaken in India since 1991. In this paper. an attempt is made to...

This paper studies the effects of asymmetries in re-election probabilities across parties on public policy and their subsequent propagation to the economy. The struggle between groups that disagree on targeted public spending (e.g., pork) results in governments being endogenously short-sighted:...