Search Results - subject:"FISCAL deficit"

The cyclical behaviour of government spending for social protection: Is the OECD methodology robust?

Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023

Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...

Persistent link: https://www.econbiz.de/10014474970

Indonesia's fiscal capacity and burden-sharing scheme: A new insight from handling COVID-19

Buhaerah, Pihri; Firdaus, Nur - 2023

household budget analogy by arguing that fiscal deficit is not evidence of overspending. Also, it is argued that the burden … central bank is crucial under the fiscal deficit regime because it absorbs all government bonds in the market as a part of the … different from the household or firm budget analogy. In other words, a fiscal deficit is a typical phenomenon not only during …

Persistent link: https://www.econbiz.de/10014540394

To borrow or not to borrow : empirical evidence from the public debt sustainability of Pakistan

Islam, Wajid; Ahmed, Junaid; Faraz, Naseem - 2023

This study aims to evaluate the public debt sustainability of Pakistan using the debt sustainability analysis (DSA) framework and fiscal reaction function (FRF). For the empirical analysis, it uses relevant important macroeconomic variables, such as public debt, external debt, primary balance,...

Persistent link: https://www.econbiz.de/10013533267

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2023

We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance and the global government balance to the debt-to-GDP ratio, and the response of government revenues to government expenditures. For 22 OECD developed countries we use annual data...

Persistent link: https://www.econbiz.de/10013494178

Strategic effects of stock pollution : the positive theory of fiscal deficits revisited

Kellner, Maximilian - In: Public choice 194 (2023) 1/2, pp. 157-179

Persistent link: https://www.econbiz.de/10013548946

Tanzania’s Budget Deficit and its Effect on Gross Domestic Product : Empirical Analysis

Chindengwike, James - 2023

The study wanted to create the impact of budget deficit on economic growth in Tanzania. The determinants recognized in the study are foreign exchange, interest rate, budget deficit rate and inflation rate. The theories that were directing the study are International Dependence Theory,...

Persistent link: https://www.econbiz.de/10014356161

The Debt Limit

Clarke, Conor - 2023

Every couple of years, the debt limit shows up to wreak havoc in American law and public finance. By capping the face value of government securities that can be “outstanding at one time,” the statutory limit threatens Treasury’s ability to raise the revenue needed to fund required...

Persistent link: https://www.econbiz.de/10014356361

Young Voters and Budget Deficits

Nyhus, Ole Henning; Strøm, Bjarne - 2023

This paper exploits a novel trial in Norwegian local elections in 2011 to provide empirical evidence on fiscal performance from lowering the minimum voting age from 18 to 16. Using a difference in differences research strategy, we find that this voting age change reduced the net operating...

Persistent link: https://www.econbiz.de/10014357513

On the fiscal sustainability of Swiss Cantons since 1905

Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2023 - This version: 4th November 2023

With an outstandingly long data set of Swiss cantonal public finances we study whether the Swiss subnational level runs sustainable fiscal policies. Going back to the year 1905, we test for stationarity of cantonal public debt, revenue and spending and for cointegration between cantonal revenues...

Persistent link: https://www.econbiz.de/10014416154

Do fiscal rules matter? : a survey on recent evidence

Brändle, Thomas; Elsener, Marc - 2023

Fiscal rules are argued to be important for sound and sustainable fiscal policies and have been increasingly adopted over the last 20 years. However, as increased fiscal pressure and fiscal risks urge countries to address the public debt legacy left by recent economic crises, fiscal rules come...

Persistent link: https://www.econbiz.de/10014343085