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Overview of the Evolution of China's Central Bank and Monetary Policy: Correlation to the European Union

Skold, Alida S. - Volkswirtschaftliche Fakultät, … - 2011

As an innovator in the financial system, China was the first to use paper currency. Eventually the form of currency was held responsible for devastating inflation and was abandoned during the Ming Dynasty. Going forward in time, uprisings and discontent have emphasized the importance of...

Persistent link: https://www.econbiz.de/10009323474

Wagner's law in Italy: empirical evidence from 1960 to 2008

Magazzino, Cosimo - Volkswirtschaftliche Fakultät, … - 2009

“Wagner’s Law” is the first model of public expenditure in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008. After a brief introduction, an essential survey of the economic literature on this issue is offered,...

Persistent link: https://www.econbiz.de/10008685146

Market Myths in Contemporary Economics

Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010

This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets …, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth … economic growth? It is often, for amusement, brought up how modern medicine despite its advances cannot cure the common cold …

Persistent link: https://www.econbiz.de/10008685520

Wagner's law and augmented Wagner's law in EU-27. A time-series analysis on stationarity, cointegration and causality

Magazzino, Cosimo - Volkswirtschaftliche Fakultät, … - 2010

as an exogenous factor to be used as a policy instrument to in-fluence growth. “Augmented” version of Wagner’s Law, where …

Persistent link: https://www.econbiz.de/10008694002

Wagner's law and Italian disaggregated public spending: some empirical evidences

Magazzino, Cosimo - Volkswirtschaftliche Fakultät, … - 2010

Wagner’s Law is the first model of public spending in the history of public finance. The aim of this article is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, using a time-series approach. After a brief introduction, a survey of the economic...

Persistent link: https://www.econbiz.de/10008694030

Optimal size of government and economic growth in EU-27

Magazzino, Cosimo; Forte, Francesco - Volkswirtschaftliche Fakultät, … - 2010

share of public expenditure on GDP) to the rate of economic growth. Individual countries research has been conducted for 12 … the shares of actual public expenditures generally exceed substantially those related to the maximization of GDP growth … with GDP growth rate maximization. …

Persistent link: https://www.econbiz.de/10008694221

Empirical Investigation of Fiscal Policy Shocks in the UK

Kamal, Mona - Volkswirtschaftliche Fakultät, … - 2010

This article examines fiscal policy shocks in the UK through using a Bayesian Vector Autoregression (BVAR) model which applies Mountford and Uhlig (2009) type sign-restriction. It investigates the impact of three fiscal policy experiments on macroeconomic variable. Specifically, the...

Persistent link: https://www.econbiz.de/10008695101

Nodokļu ieņēmumu modelēšana, izmantojot sistēmdinamikas metodi

Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2009

In the paper the author represents the system dynamic model of taxes income and it action results. The system dynamic is one from systems research methods, which analyses the systems in time depending from structure of system elements and their mutual influence, including reasons connections,...

Persistent link: https://www.econbiz.de/10008742994

Budgeting versus implementing fiscal policy:the Italian case

Cepparulo, Alessandra; Gastaldi, Francesca; Giuriato, Luisa - Volkswirtschaftliche Fakultät, … - 2011

The budgeting process has been recently reformed in Italy (L. 196/2009) in order to improve control of budget and transparency in the provision of clear information on government fiscal policy. Indeed, the general government final expenditures often deviate significantly from the initial...

Persistent link: https://www.econbiz.de/10009228912

Sostenibilidad fiscal: una aproximación con datos panel para 8 países Latinoaméricanos

Campo Robledo, Jacobo - Volkswirtschaftliche Fakultät, … - 2011

This paper examines the hypothesis of fiscal sustainability for 8 Latin American countries. Using panel data models, we determined whether the revenue and primary expenditure of governments are sustainable in the long run. We used second generation panel data unit root and cointegration tests,...

Persistent link: https://www.econbiz.de/10009278264