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Fiscal institutions, fiscal policy and sovereign risk premia
Hallerberg, Mark; Wolff, Guntram B. - 2006
increase risk premia measured by relative swap spreads. The effect of deficits is significantly lower under EMU. This effect …
Persistent link: https://www.econbiz.de/10010295824
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Deficit policy within the framework of the stability and growth pact : empirical results and lessons for the fiscal compact
Afflatet, Nicolas - 2016
This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an … having joined EMU or after having breached the Pact in 2003. These results can be explained with the fact that the Pact was …
Persistent link: https://www.econbiz.de/10011488439
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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
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Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area
Truger, Achim - 2014
Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...
Persistent link: https://www.econbiz.de/10010424293
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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://www.econbiz.de/10012155253
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Partisan fiscal policy : evidence from Central and Eastern Europe
Schneider, Ondřej - 2019
This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...
Persistent link: https://www.econbiz.de/10012157827
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Fiscal sustainability : conceptual, institutional, and policy issues
Dąbrowski, Marek - 2016
Since 2008, the world economy has been facing the consequences of the global financial crisis. As a result, many economic policy paradigms have been revised, and this process is far from complete. The policy area, which needs a fundamental rethinking (especially in advanced economies), relates...
Persistent link: https://www.econbiz.de/10011706402
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How to achieve and sustain fiscal discipline in Turkey : rising Taxes, reducing government spending or a combination of both?
Kaya, Ayşe; Şen, Hüseyin - In: Romanian journal of fiscal policy : RJFP 4 (2013) 1, pp. 1-26
The main purpose of this paper is to investigate the relationship between tax revenue and government spending in order to make some policy suggestions on how to achieve fiscal discipline in Turkey. We have used the cointegrated vector autoregression (VAR) method along with the Granger causality...
Persistent link: https://www.econbiz.de/10010480260
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Borrow and adjust : fiscal policy and sectoral adjustment in an open economy
Steigum, Erling; Thøgersen, Øystein - 2001
Should the government run fiscal deficits in response to an adverse external shock that warrants transfer of resources from production of non-traded to traded goods? This paper considers normative fiscal policy implications of sectoral adjustment costs in a two-sector model with overlapping...
Persistent link: https://www.econbiz.de/10011400804
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The fiscal compact and current account patterns in Europe
Behrendt, Stefan - 2014
This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...
Persistent link: https://www.econbiz.de/10010436737