, Jeremy Hunt, launched a new 'Public Sector Productivity Plan' and argued that 'the way to improve public services is not …The challenging fiscal situation facing the next government means that both Labour and the Conservatives are looking … - particularly in the NHS (Warner and Zaranko, 2023) - since the start of the pandemic. In the March 2024 Budget, the Chancellor …

the hands of political actors and block the 'easy way out through debt.' This not only intensifies calls for the abolition … or reform of the debt brake, but also raises the question being examined here of how such a restrictive fiscal policy … rule could become a constitutional norm in the face of its scientific and political controversy, especially when its …

freely adjust outstanding debt (refinancing) and (ii) dominant mortgage type in the economy (fixed or adjustable rate). I … significantly depends on the ability to adjust debt and on mortgage type. Policy prescriptions based on models not accounting for …

. Governments that are larger, riskier, rely on historically stable revenue sources, or have higher spending relative to revenues … are more likely to borrow from banks. Declines in revenues, reductions in bond market access, and relationships with … financial advisers and underwriters all strongly predict higher bank loan reliance. While resemblance between bank loans and …

) framework and fiscal reaction function (FRF). For the empirical analysis, it uses relevant important macroeconomic variables …, such as public debt, external debt, primary balance, output growth, current account balance, and oil prices, over the … debt. Therefore, a strategy of continuing coordination of fiscal and monetary policy is crucial for robust growth momentum …

arguments and empirical evidence, it argues that the debt-to-GDP ratio is a poor metric for debt management in low …-income countries (LICs). It makes a case for explicit revenue-based metrics of debt management. In LICs or countries with weak … institutions, the debt-to-GDP may be manipulated by understating the stock of debt, resorting to dubious accounting methods, and …

environmental quality, it is not surprising that the discussion of the sustainability of the world's energy sources continues to … the influence of public debt on renewable energy consumption (REC) in a panel of 29 SSA countries, in full and sub …-regional categorizations. A combination of the instrumental variable generalized method of moment (IV-GMM) approach and the two-stage least …

different from the household or firm budget analogy. In other words, a fiscal deficit is a typical phenomenon not only during … wartime or recession but also during peacetime or expansion. Thus, the option to issue new government securities and sell them …The spread of COVID-19 has brought many economies into recession, and Indonesia is no exception. In response to the …

cut capital expenditures, rather than decreasing current expenditures or raising taxes. The estimated multiplier is not … statistically different from zero and significantly lower than 1.5, the prevailing estimate in the literature …

To carry out the analysis required for monetary policy, the European Central Bank (ECB) and the European System of … Central Banks (ESCB) need comprehensive and reliable government finance statistics. The focus of government finance statistics … people have the closest connection through their use of services that are either subsidised or directly provided by these …