Search Results - subject:"intertemporal budget constraint"

Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint

Legrenzi, Gabriella Deborah; Milas, Costas - CESifo - 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/10008596593

Testing Stationarity of Budgetary Position in Developing Countries

Lau, Evan; Baharumshah, Ahmad Zubaidi; Mansor, Shazali Abu - In: International Econometric Review (IER) 1 (2009) 2, pp. 77-87

In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of...

Persistent link: https://www.econbiz.de/10012610927

Testing Stationarity of Budgetary Position in Developing Countries

Lau, Evan; Baharumshah, Ahmad Zubaidi; Mansor, Shazali Abu - In: International Econometric Review (IER) 1 (2009) 2, pp. 77-87

Persistent link: https://www.econbiz.de/10009195490

ESTIMATING TAXATION RATE BASED ON BLANCHARD’S APPROACH

Stoian, Andreea - In: Theoretical and Applied Economics 12(541)(supplement) (2009) 12(541)(supplement), pp. 130-136

Estimating an optimal taxation rate represents a much debated topic. But, embodying the perfect market conditions, reaching out the equality between marginal rates of substitutions, in order to estimate the optimal taxation rate, is impossible to fulfill by any economy. Therefore, it could be...

Persistent link: https://www.econbiz.de/10008675911

Sustainability of current account deficits in India : an intertemporal perspective

Singh, Tarlok - In: Applied economics 47 (2015) 46/48, pp. 4934-4951

Persistent link: https://www.econbiz.de/10011318431

Consumption growth, preference for smoothing, changes in expectations and risk premium

Armada, Manuel José da Rocha; Sousa, Ricardo M.; … - In: The quarterly review of economics and finance : journal … 56 (2015), pp. 80-97

Persistent link: https://www.econbiz.de/10011574359

What do we really know about fiscal sustainability in the EU?: a panel data diagnostic

Afonso, António; Rault, Christophe - 2008

We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...

Persistent link: https://www.econbiz.de/10010264310

Intertemporal solvency of Turkey’s current account

Oğuş Binatlı, Ayla; Sohrabji, Niloufer - 2008

that the intertemporal budget constraint is satisfied. We use the Johansen and the Gregory and Hansen (1996) cointegration …

Persistent link: https://www.econbiz.de/10011807191

What do we really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

Afonso, António; Rault, Christophe - CESifo - 2008

Persistent link: https://www.econbiz.de/10005416479

Intertemporal solvency of Turkey’s current account

Ogus, Ayla; Sohrabji, Niloufer - Ekonomi Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2008

that the intertemporal budget constraint is satisfied. We use the Johansen and the Gregory and Hansen (1996) cointegration … the intertemporal budget constraint is satisfied. We use the Johansen and the Gregory and Hansen (1996) cointegration …, intertemporal budget constraint, Turkey, cointegration JEL Classification: F32, F41 Ayla Oğuş Binatlı Department of …

Persistent link: https://www.econbiz.de/10005558792