Similar Search Results

One rule fits all? : heterogeneous fiscal rules for commodity exporters when price shocks can be persistent : theory and evidence

Mendes, Arthur; Pennings, Steven - 2020

their characteristics. Consistent with theory, the MPS is more procyclical in countries with floating exchange rates than …

Persistent link: https://www.econbiz.de/10012296870

Political business cycle and fiscal discipline in Sub-Saharan Africa

Obakemi, Funsho; Adebowale, Hammed Adesola; Yusuf, … - In: European journal of government and economics : EJGE 10 (2021) 2, pp. 185-205

We tested the Political Business Cycle theory in Sub-Sahara Africa. To provide an empirical explanation for this nexus …

Persistent link: https://www.econbiz.de/10013174023

Sudden stops, sovereign risk, and fiscal rules

Gómez González, José Eduardo; Valencia, Oscar M.; … - 2021

This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed and emerging market economies. Results indicate that fiscal rules are beneficial for macroeconomic...

Persistent link: https://www.econbiz.de/10012586437

World uncertainty and national fiscal balances

Trang Thi Thuy Nguyen; Binh Thai Pham; Sala, Hector - 2023

in world uncertainty and great stress on public finances. In this paper, we show that not only these are not independent … phenomena but, on the contrary, world economic uncertainties are relevant in determining country-specific fiscal balances. We … the degree of economic development. In this way, an increase of 0.1 points in the world uncertainty index triggers, on …

Persistent link: https://www.econbiz.de/10014516212

Factors of global inflation in 2021-2022

Goryunov, Eugene L.; Drobyshevsky, Sergey M.; Kudrin, … - In: Russian journal of economics 9 (2023) 3, pp. 219-244

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded target levels. We find that the cause of accelerating...

Persistent link: https://www.econbiz.de/10015394329

The European core-periphery divide : towards a new narrative

Casagrande, Sara; Dallago, Bruno - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 125-147

Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be …

Persistent link: https://www.econbiz.de/10014433720

Expenditure rules : limiting the level or the variation of public expenditure?

Menguy, Séverine - In: Economies : open access journal 12 (2024) 11, pp. 1-21

The main goal of the first-generation expenditure rules was to ensure fiscal discipline: preserving a sound fiscal framework and public debt sustainability. Regarding this goal, analytically as well as empirically, limiting the share of public expenditure in GDP would be more appropriate in case...

Persistent link: https://www.econbiz.de/10015198297

Dynamics of macroeconomic uncertainty on economic growth in the presence of fiscal consolidation in South Africa from 1994 to 2022

Buthelezi, Eugene Msizi - In: Economies : open access journal 11 (2023) 4, pp. 1-24

This paper investigates the effects of macroeconomic uncertainty on economic growth in the presence of fiscal consolidation in South Africa. Markov-switching dynamic regression (MSDR) and time-varying parameter vector autoregression (TVP-VAR) were performed using time series data from 1994 to...

Persistent link: https://www.econbiz.de/10014318263

Assessing fiscal sustainability in the landscape of economics research

Marín-Rodríguez, Nini Johana; Gonzalez-Ruiz, Juan David; … - In: Economies : open access journal 11 (2023) 12, pp. 1-19

This scientometric analysis delves into the current trajectory and anticipated prospects of assessing fiscal sustainability, emphasizing methodologies, trends, and pivotal literature in this critical economic realm. This study analyzed 324 studies from Scopus and Web of Science databases to...

Persistent link: https://www.econbiz.de/10014480087

Fiscal DSGE model for Latvia

Buss, Ginters; Grüning, Patrick - In: Baltic journal of economics 23 (2023) 1, pp. 1-44

We develop a fiscal dynamic stochastic general equilibrium (DSGE) model for policy simulation and scenario analysis purposes tailored to Latvia, a small open economy in a monetary union. The fiscal sector elements comprise public investment, public consumption, government transfers that are...

Persistent link: https://www.econbiz.de/10014319795