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debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance …
Persistent link: https://www.econbiz.de/10013250092
This paper investigates the heterogenous effects of budget balance rules on fiscal policy in a large sample of …-in-Differences Method. Our results indicate that countries with a budget balance rule improve their fiscal balance on average by around 3 … have had large deficits in the absence of the fiscal rule exhibit positive treatment effects, thus reducing their budget …
Persistent link: https://www.econbiz.de/10013250087
improving gender equality. Gender budgeting is ideally a fiscal innovation that translates gender-related goals into budgetary …
Persistent link: https://www.econbiz.de/10012950436
In recent decades, population has been aging fast in Brazil while old age pensions and health related spending have increased. As the population ages, the spending trend threaten to reach unsustainable levels absent reforms. Increasing the retirement age is key, but by itself will not provide...
Persistent link: https://www.econbiz.de/10012956468
This paper discusses the short- and medium-term fiscal implications of government wage bill spending. Working with a … behavior of revenues, non wage expenditures, and the overall fiscal balance in response to changes in the wage bill. We show … that the interaction between wage bill changes and these three fiscal items is alike andvaries overtime. Higher wage bill …
Persistent link: https://www.econbiz.de/10012892906
factor that hampers fiscal discipline. Using a panel dataset, we find that a larger presence of state-owned banks in the … banking system is associated with more credit to the public sector, larger fiscal deficits, higher public debt ratios, and the … carefully assessed in any strategy to pursue fiscal discipline …
Persistent link: https://www.econbiz.de/10013073777
'emerging' model of organizational design in which there is greater openness and transparency, more flexible management …
Persistent link: https://www.econbiz.de/10013002149
This paper studies the main channels through which interest rate normalization has fiscalimplications in the United States. While unexpected inflation reduces the real value ofgovernment liabilities, a rising policy rate increases government financing needs because ofhigher interest payments and...
Persistent link: https://www.econbiz.de/10012869280
Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure … programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters … a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal …
Persistent link: https://www.econbiz.de/10012777965
This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It … presents theoretical arguments for the existence of a quot;fiscal deficit biasquot; and the empirical evidence on the economic … legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal …
Persistent link: https://www.econbiz.de/10012782040