Search Results - subject:"déficit"

Trading deficits for investment$noptimal deficit rules for present-biased governments

Bergmann, Tobias; Moretti, Nikolaj - 2025

investment levels given a deficit rule imposed by the principal. The principal sets a deficit cap to curb current debt …-financed consumption. In doing so, it also reduces long-term government investment. We characterize the optimal deficit rule that balances … these opposing effects. Our analysis yields three key insights. First, a deficit rule is always a second-best instrument …

Persistent link: https://www.econbiz.de/10015190377

Politics of local fiscal discipline with vertical fiscal imbalance

Obeng, Samuel Kwabena; Aazam, Layal - 2025

Persistent link: https://www.econbiz.de/10015371893

"Pop" goes the National Debt

Mateer, G. Dirk; Geerling, Wayne; … - 2025

This paper provides a novel way for instructors to teach about the perils of a large National Debt, which is currently $36 trillion. We provide a detailed lesson plan that utilizes balloons to illustrate the possible paths a society can take to address this issue. The lesson plan consists of an...

Persistent link: https://www.econbiz.de/10015190213

Fiscal stance, fiscal rules, and public debt dynamics in the United States

Abubakar, Attahir Babaji; Mamman, Suleiman O.; Iliyasu, … - 2025

Persistent link: https://www.econbiz.de/10015374323

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2025

Persistent link: https://www.econbiz.de/10015375251

Compliance with fiscal sustainability and the Euro

Afonso, António; Miranda, Catarina Farinha - 2025

Through fiscal reaction functions, we investigate fiscal sustainability for five European country-group panels and check for a change in fiscal behaviour after countries adopted the euro as their currency. Using annual data for the period between 1990 and 2021, we identify evidence of average...

Persistent link: https://www.econbiz.de/10015333286

Growth vs. discipline : Italy's fiscal dilemmas in a stock-flow consistent model

Zezza, Francesco; Zezza, Gennaro - 2025

This paper investigates the implications of the European Union's revised fiscal governance framework for Italy, a country facing the dual challenge of high public debt and persistent economic stagnation. Using a Stock-Flow Consistent (SFC) macroeconometric model of the Italian economy (MITA), we...

Persistent link: https://www.econbiz.de/10015403351

Parameters of Kazakhstan's fiscal policy

Žakupova, Meruert M.; Hanetova, Ajaköz B. - 2023

Persistent link: https://www.econbiz.de/10014390660

Fiscal consolidation and voting : on the electoral costs of budgetary stability

Lago Peñas, Santiago; Cadaval Sampedro, María; … - In: Fiscal studies : the journal of the Institute for … 45 (2024) 4, pp. 559-581

Persistent link: https://www.econbiz.de/10015164366

Reform of the Stability and Growth Pact : which changes for the governments?

Menguy, Séverine - In: Journal of government and economics : JGE 15 (2024), pp. 1-11

, this criterion as well as those related to the structural budget deficit would not change much the conclusions and the …

Persistent link: https://www.econbiz.de/10015130231