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inflation.Whereas extensive research on the transmission mechanism has been conductedin developed countries, such work in …
Persistent link: https://www.econbiz.de/10009461171
Fiscal institutions, along with fiscal rules and budgetary procedures, are elements of the institutional environment of fiscal policy. Well pursued fiscal policy is reflected in the fiscal situation of a given country. The activities of many EU member countries and of Poland, done up till now,...
Persistent link: https://www.econbiz.de/10011437089
Fiscal institutions, along with fiscal rules and budgetary procedures, are elements of the institutional environment of fiscal policy. Well pursued fiscal policy is reflected in the fiscal situation of a given country. The activities of many EU member countries and of Poland, done up till now,...
Persistent link: https://www.econbiz.de/10015336197
Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries … countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend … shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning …
Persistent link: https://www.econbiz.de/10009457851
Las principales propuestas de reforma del marco de política fiscal de la Unión Europea inciden en tres bloques de cuestiones: i) simplificación de las reglas, para dotarlas de mayor transparencia y flexibilidad; ii) incorporación de nuevos instrumentos supranacionales de compartición de...
Persistent link: https://www.econbiz.de/10014568828
Las principales propuestas de reforma del marco de política fiscal de la Unión Europea inciden en tres bloques de cuestiones: i) simplificación de las reglas, para dotarlas de mayor transparencia y flexibilidad; ii) incorporación de nuevos instrumentos supranacionales de compartición de...
Persistent link: https://www.econbiz.de/10014568829
medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …
Persistent link: https://www.econbiz.de/10012529565
In this paper, we present the processes of public debt development in Kosovo for the period of its functioning, respectively from 2009 until 2018. There is no long history of it, but there is a dynamic constant growth. The methodology used in this paper is based on empirical study analysis, and...
Persistent link: https://www.econbiz.de/10012218972
still cannot explain the the holding and valuation of money. Using the concept of team-production of Alchian and Demsetz and … purchasing power from a team-production contract can enhance output and consumption. This conclusion motivates an original … monetary theory of production that integrates the insights of Post-Keynesian monetary theory and the triangular contracts of …
Persistent link: https://www.econbiz.de/10009465939
This survey first discusses general characteristics, advantages and disadvantages of different types of fiscal rules. The criterion for classifying them is based on the emphasis given: longterm sustainability (reducing the deficit bias and controlling the growth in public debt) or reducing the...
Persistent link: https://www.econbiz.de/10012529578