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Macroeconomic and fiscal challenges faced by the Southern and Eastern Mediterranean region

Dąbrowski, Marek - 2014

The current fiscal imbalances and fragilities in the Southern and Eastern Mediterranean countries (SEMC) are the result of decades of instability, but have become more visible since 2008, when a combination of adverse economic and political shocks (the global and European financial crises, Arab...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010337694

Staatsverschuldung aus Bürgersicht : ein Forschungsüberblick

Mause, Karsten - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 39-49

Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/‌-‍wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012155253

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://ebvufind01.dmz1.zbw.eu/10012137607

Monetary-fiscal policy relations in the euro area : the impact on the primary balance

Dascher-Preising, Fabienne; Greiner, Alfred - 2022

With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction function where the primary balance relative to GDP is assumed to be a function of the public debt to GDP ratio of the previous year and of other macroeconomic variables. In...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013335018

The scarring effects of major economic downturns : the role of fiscal policy and government investment

Larch, Martin; Claeys, Peter; Van Der Wielen, Wouter - 2022

stabilisation tool. At the same time, there is ample evidence that major economic downturns produce lasting effects on real GDP in … fiscal expansion, and (ii) find the right time to pivot from short-term stabilisation to fiscal consolidation while …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013448651

Monetary-Fiscal Policy Relations in the Euro Area : The Impact on the Primary Balance

Dascher, Fabienne Lara; Greiner, Alfred - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014079343

Fiscal Multipliers in the Eurozone : A SVAR Analysis

Afonso, António - 2018

We compute the value of fiscal multipliers (for government primary expenditure, Income and wealth taxes and for Production and import ones) in the Eurozone countries since the creation of the currency union (2001Q1-2016Q4), and to understand how the values may vary according to the public debt...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012913502

Revisiting Fiscal Responsibility Norms : A Cross Country Analysis of the Impact of COVID-19

Srivastava, D. K.; Bharadwaj, Muralikrishna; Kapur, Tarrung - 2021

In this paper, we have reviewed the COVID induced shock to the debt and deficit profiles of 10 of the largest economies by size of GDP in 2019 referred to in this paper as the Big-10 economies. There is a sharp upsurge in their government debt-GDP ratios because their policy responses to the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013220651

The Design of Fiscal Adjustments

Alesina, Alberto - 2012

This paper offers three results. First, in line with the previous literature we confirm that fiscal adjustments based mostly on the spending side are less likely to be reversed. Second, spending based fiscal adjustments have caused smaller recessions than tax-based fiscal adjustments. Finally,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013100333

Monetary Policy Rules and the Effects of Fiscal Policy

Kudoh, Noritaka - 2010

We explore the implications of adopting a Taylor-type interest-rate rule in a simple monetary growth model in which budget deficits are financed partly by unbacked government debt. To ensure uniqueness of the steady-state equilibrium, monetary policy cannot be either too "active" or too...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013148086