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policymaking processes need to consider the consolidation of independent fiscal institutions founded by Fiscal Responsibility Law … fiscal responsibility legal framework, the different measures undertaken in the last years with respect to European trends in … fiscal governance and their implications for challenges in public finance sustainability. The research started from the …
Persistent link: https://www.econbiz.de/10012293252
phenomena but, on the contrary, world economic uncertainties are relevant in determining country-specific fiscal balances. We … in world uncertainty and great stress on public finances. In this paper, we show that not only these are not independent … provide consistent evidence for 143 countries over the period 1990-2019 that the former harms fiscal balances irrespective of …
Persistent link: https://www.econbiz.de/10014516212
Persistent link: https://www.econbiz.de/10013161704
Persistent link: https://www.econbiz.de/10012939387
balanced budget rule and debt rule) implemented in CEMAC Zone do not improve fiscal space. Therefore, there is a need for the …This paper seeks first to test whether there is evidence of fiscal fatigue in the Central Africa Economic and Monetary … Community (CEMAC) countries. On the contrary, we want to investigate the impact of fiscal rules on fiscal space to see if the …
Persistent link: https://www.econbiz.de/10013454409
complied with or deviated from implemented fiscal rules. It provides annual data on fiscal rules for 14 LAC countries from 2000 … descriptive statistics reflecting the panorama of the fiscal rules implemented in LAC countries. Additionally, it calculates … debt ratios and structural balances is the highest, while compliance with fiscal balance and expenditure rules is the …
Persistent link: https://www.econbiz.de/10014495212
This paper aims to assess the impact of the second-generation numerical fiscal rules on the effectiveness of public … level of public debt servicing costs, considering not only the impact of the quality of numerical fiscal rules on interest … payments, but also other factors influenced by these rules, such as the quality of fiscal policy, the solvency of public …
Persistent link: https://www.econbiz.de/10014445302
Fiscal policies are one of the most important instruments of government to guide the progress of the country's economic … caused by COVID-19. This study aims to assess the multiplier effects that budget revision has on the economy for the case of … Albania, and more specifically by referring to the initial and revised budget scenario for the year 2020 which is …
Persistent link: https://www.econbiz.de/10014318247
Persistent link: https://www.econbiz.de/10015055059
This study examines the influence of fiscal councils on public opinion regarding fiscal issues. Using a survey … framing the message as coming from the Czech Fiscal Council does not increase its credibility. Fiscal councils should not …-setting theory to gain media attention for fiscal issues. …
Persistent link: https://www.econbiz.de/10014636641