Evidence from a half century of experience by U.S. states identifies nonlinearities in the effects of debt and fiscal policy on growth. Effects are Keynesian for low to moderate levels of debt and stimulus but anti Keynesian for sufficiently high levels of debt or stimulus. Results are broadly...

One of three adults in Mexico is obese, therefore, policies to reduce overweight and obesity prevalence in the country were designed. The use of fiscal policy was proposed as a way to discourage the consumption of soft drinks and raise funds to pay health services used by obese patients. The aim...

Danske erhvervsvirksomheder har adgang til den såkaldte momsafløftning. Momsafløftning består i, <p> at erhvervsvirksomheder kan undlade at betale moms af leverede varer, som de ikke får betaling for. <p> En hovedkonklusion i denne artikel er, at momsafløftningsretten er samfundsøkonomisk...</p></p>

We present a theoretical model of a parliamentary democracy where electoral competition inside coalition governments induces higher spending than under single party governments. Policy preferences of parties are endogenous and derived from opportunistic reelection motives. The electoral rule...

The paper discusses the relations between fiscal policy, savings, capital formation and growth in transition economies. In the 1990s they have suffered significant recession and persistent imbalances. Fiscal policies were aiming mainly at the structural adjustment, liberalization and...

When considering the implications for fiscal-policy outcomes (especially deficits and debts) of the dispersion of policymaking authority across multiple actors, recent veto-actor scholarship has emphasized its potential to privilege the status quo and thus retard policy-adjustment rates. In...

This paper reviews gender budgeting efforts in Asia. The countries in the region have achieved mixed success in improving gender equality. Gender budgeting is ideally a fiscal innovation that translates gender-related goals into budgetary commitments and can help countries to achieve the...

The European Union's constitutional balanced-budget amendment, the Stability and Growth Pact (SGP), dictates that EU member states keep their budget deficits within three percent of GDP and that government debt be kept at or below 60 percent of GDP. After 20 years, unintended consequences of the...

The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...