Search Results - subject:"Intertemporal budget constraint"

Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2013

The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively Bank of Italy and Baffigi, 2011) and an original...

Persistent link: https://www.econbiz.de/10010636598

The sustainability of fiscal policy in Italy: A long-term perspective

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - 2012

The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two different approaches to the assessment of sustainability: the use of sustainability gap indicators (Blanchard et al., 1990) and the time series approach (Trehan and Walsh, 1988)....

Persistent link: https://www.econbiz.de/10010281948

Intertemporal Solvency of Turkey’s Current Account

Binatli, Ayla Oğuş; Sohrabji, Niloufer - In: Panoeconomicus 59 (2012) 1, pp. 89-104

model of Craig S. Hakkio and Mark Rush (1991) and Steven Husted (1992). According to this approach, the intertemporal budget … constraint is satisfied if there is cointegration between exports and imports+ (which include imports, net interest income and …

Persistent link: https://www.econbiz.de/10009651745

The Sustainability of Fiscal Policy in Italy: A Long-Term Perspective

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2012

Persistent link: https://www.econbiz.de/10010548150

Sustainability of current account deficits in the OECD countries : evidence from panel data estimators

Singh, Tarlok - In: Global economy journal : GEJ 17 (2017) 4, pp. 1-16

Persistent link: https://www.econbiz.de/10011799109

Fiscal regime changes and the sustainability of fiscal imbalance in South Africa; a smooth transition error-correction approach

Jibao, Samuel S.; Schoeman, Niek; Naraidoo, Ruthira - Economic Research Southern Africa (ERSA) - 2011

In addition to the conventional linear cointegration test, this paper tests the asymmetry relationship between fiscal revenue and expenditure, by making a distinction between the adjustment of positive (budget surplus) and negative (budget deficit) deviations from equilibrium. The analysis uses...

Persistent link: https://www.econbiz.de/10009246574

Current accounts in the European Union and the sectoral influence : an empirical assessment

Gehringer, Agnieszka - In: Comparative economic studies 58 (2016) 2, pp. 152-173

Persistent link: https://www.econbiz.de/10011665250

The current account deficit sustainability : an empirical investigation for Pakistan

Mukhtar, Tahir; Khan, Aliya Hashmi - In: The Pakistan development review : PDR 55 (2016) 4, pp. 397-419

Persistent link: https://www.econbiz.de/10011670171

Current account sustainability in SAARC economies : evidence from combined cointegration approach

Sahoo, Manoranjan; Babu, Suresh M; Dash, Umakant - In: Theoretical and applied economics : GAER review 23 (2016) 4, pp. 281-298

Persistent link: https://www.econbiz.de/10011597648

Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint

Legrenzi, Gabriella Deborah; Milas, Costas - 2010

's intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its … intertemporal budget constraint, in spite of the high levels of public debt. Nevertheless, the burden of correcting budgetary …

Persistent link: https://www.econbiz.de/10010266076