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Fiscal Autonomy and Fiscal Sustainability : Subnational Taxation and Public Indebtedness in Contemporary Spain

Larin, Benjamin; Suessmuth, Bernd - 2021

This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17...

Persistent link: https://www.econbiz.de/10013315619

3-Step Analysis of Public Finances Sustainability : The Case of the European Union

Afonso, António; Rault, Christophe - 2021

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios. Secondly, we apply the bootstrap panel cointegration...

Persistent link: https://www.econbiz.de/10013316526

Privatization, Social Impact, and Social Safety Nets

Gupta, Sanjeev; Schiller, Christian G. E.; Ma, Henry - 2021

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It...

Persistent link: https://www.econbiz.de/10013317697

Promoting Fiscal Transparency : The Complementary Roles of the IMF, Financial Markets, and Civil Society

Petrie, Murray - 2021

This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and utilize information on fiscal transparency. The results of surveys and interviews of rating agency analysts and surveys of civil society organizations on their level of awareness...

Persistent link: https://www.econbiz.de/10013317747

Corruption, Growth, and Public Finances

Tanzi, Vito; Davoodi, Hamid R. - 2021

finance …

Persistent link: https://www.econbiz.de/10013317806

Evidence on the Fiscal and Macroeconomic Impact of Privatization

Barnett, Steven A. - 2021

, they are largely used to reduce domestic financing, with little evidence that they are used to finance a larger deficit …

Persistent link: https://www.econbiz.de/10013317876

Fiscal Consolidations in the Central and Eastern European Countries

Afonso, António; Nickel, Christiane; Rother, Philipp - 2021

We study fiscal consolidations in the Central and Eastern European countries and what determines the probability of their success. We define consolidation events as substantive improvements in fiscal balances adjusting for the impact of cyclical effects. We use Logit models for the period...

Persistent link: https://www.econbiz.de/10013318688

Quality of Public Finances and Growth

Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - 2021

In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying...

Persistent link: https://www.econbiz.de/10013318737

Self-Selection, Immigrant Public Finance Performance and Canadian Citizenship

DeVoretz, Don J.; Pivnenko, Sergiy - 2021

subsequent performance as a taxpayer and recipient of public finance transfers. Our results support the view that selectivity … study focused on the implications of Canadian citizenship for the lifetime public finance contributions by naturalized … finance transfers exceeding the corresponding value for the Canadian-born by more than $14,000. In addition, naturalized …

Persistent link: https://www.econbiz.de/10013318765

Fiscal Rules and Sustainability of Public Finances in an Endogenous Growth Model

Annicchiarico, Barbara; Giammarioli, Nicola - 2021

This paper presents a two period overlapping generations model with endogenous growth in the presence of a public sector with objectives of convergence for public debt and primary balance to GDP ratios. In order to ensure the existence of converging paths towards the target values of fiscal...

Persistent link: https://www.econbiz.de/10013319164