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Fiscal policy in new EU member states : go East, prudent man!

Schneider, Ondřej (contributor); Zápal, Jan (contributor) - 2005

’ fiscal policy and identify main trends in revenues and expenditures of their public budgets. We then explore dynamics of …

Persistent link: https://www.econbiz.de/10003110155

What determines fiscal policy? : evidence from German states

Berger, Helge (contributor); Holler, Anika (contributor) - 2007

Persistent link: https://www.econbiz.de/10003499703

Drivers of fiscal sustainability : a time-varying analysis for Portugal

Afonso, António; Coelho, José Carlos - 2023

expenditures and the responses of the primary government balance and the cyclically adjusted primary government balance (CAPB) to … the debt-to-GDP ratio. Our results show the prevalence of a Ricardian fiscal regime in Portugal. If the (i-g) differential … is positive, the positive response of the primary government balance to the debt-to-GDP ratio is amplified. An …

Persistent link: https://www.econbiz.de/10014391313

Consolidating the Covid debt

Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021

One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...

Persistent link: https://www.econbiz.de/10012796971

Fiscal sustainability and low interest rates : a note

Werding, Martin - 2021

than the growth rate of GDP. I illustrate this finding based on simulations prepared for the Fifth Sustainability Report …

Persistent link: https://www.econbiz.de/10012421177

The indirect fiscal benefits of low-skilled immigration

Colas, Mark; Sachs, Dominik - 2020

Low-skilled immigrants indirectly affect public finances through their effect on native wages & labor supply. We operationalize this general-equilibrium effect in the workhorse labor market model with heterogeneous workers and intensive and extensive labor supply margins. We derive a closed-form...

Persistent link: https://www.econbiz.de/10012294858

Macroeconomic policy lessons for Greece from the debt crisis

Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2020

of protection of property rights) can explain most (around 22% of GDP) of the cumulative loss in GDP in the data (around … 24% of GDP) between 2009 and 2016. In particular, the adjustment program can explain a fall of around 12%, while the …

Persistent link: https://www.econbiz.de/10012195896

Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US

Oikonomidēs, Geōrgios; Malley, James R.; … - 2003

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...

Persistent link: https://www.econbiz.de/10011511068

The effects of fiscal institutions on public finance : a survey of the empirical evidence

Kirchgässner, Gebhard - 2001

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...

Persistent link: https://www.econbiz.de/10011408436

Reforming budgetary language

Bradford, David F. - 2001

In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative...

Persistent link: https://www.econbiz.de/10011408439