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Economic stabilisation and performance in West Africa : the role of fiscal and monetary policy

Mesagan, Ekundayo P.; Yusuf, Ismaila A. - 2019

The study examines the impact of fiscal and monetary policy on economic performance and stabilisation in Nigeria … proxy economic performance and economic stabilisation respectively while fiscal policy is captured with deficit finance and … confirms that monetary policy significantly drives economic stabilisation in Nigeria and the Gambia, but insignificantly in …

Persistent link: https://www.econbiz.de/10012137607

The Deficit Gamble

Ball, Laurence M.; Elmendorf, Douglas W.; Mankiw, … - 1998

The historical behavior of interest rates and growth rates in U.S. data suggests that the government can, with a high probability, run temporary budget deficits and then roll over the resulting government debt forever. The purpose of this paper is to document this finding and to examine its...

Persistent link: https://www.econbiz.de/10014220648

Does the 'Golden Rule of Public Finance' Imply a Lower Long-Run Growth Rate? A Clarification

Greiner, Alfred - 2012

In a recent paper, Minea and Villieu (2009) assert that the 'golden rule of public finance' implies a lower growth rate than the balanced-budget rule. Their contribution is misleading because it is not the 'golden rule of public finance' that generates their result but rather the fact that...

Persistent link: https://www.econbiz.de/10013117026

The U.S. Public Debt Crisis : A Catalyst for Fiscal Reform and Economic Growth

Dodwell, William J. - 2011

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

Persistent link: https://www.econbiz.de/10013120084

Fiscal Policy and Economic Growth : Evidence from European Union Countries

Tanchev, Stoyan; Mose, Naftaly - 2023

This article empirically examines the fiscal policy elements affecting economic growth in 27 European countries and Switzerland (Without the United Kingdom). The research objective is to estimate the impact of macroeconomic variables such as tax revenue, government expenditure and public debt on...

Persistent link: https://www.econbiz.de/10014357537

What determines fiscal policy? : evidence from German states

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

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...

Persistent link: https://www.econbiz.de/10003726324

How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries

Brender, Adi - 2009

We test conventional wisdom that good economic conditions and expansionary fiscal policy help incumbents get reelected in a panel of 74 democracies over 1960-2003. We find no evidence that deficits help reelection in any group of countries independent of level of development, level or age of...

Persistent link: https://www.econbiz.de/10013157139

The Golden Rule of Public Finance and the Composition of Government Expenditures : A Growth and Welfare Analysis

Groneck, Max - 2011

This paper employs an endogenous growth model to study the growth and welfare effects of the golden rule of public finance. Two versions are compared, whereby government deficits are restricted for the use of public investments. It is shown that the growth effect of the golden rule depends on...

Persistent link: https://www.econbiz.de/10013117730

A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules

Groneck, Max - 2011

In this paper, we compare growth and welfare effects of various budget rules within an endogenous growth model with productive public capital, utility enhancing public consumption and public debt. We find that a fixed deficit regime does not affect the long run growth rate compared to a balanced...

Persistent link: https://www.econbiz.de/10012714026

Fiscal Policy, Public Capital and Economic Growth

Altar, Moisa - 2008

The effect of public investment on economic growth is a crucial public policy issue. Empirical research into this question was stimulated by Aschauer (1989), who suggested that public capital has a powerful impact on the productivity of private capital.Aschauer's results were controversial and...

Persistent link: https://www.econbiz.de/10012725171