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Kirchgässner, Gebhard; Prohl, Silika - 2021

and cointegration tests for federal revenues and expenditures, taking into account a structural shift in the budgetary … process related to World War II. We find sustainability over the entire period. However, splitting the sample into two sub …-samples before and after World War II, the results do much less support sustainability. Finally, applying the tax smoothing model of …

Persistent link: https://www.econbiz.de/10013317634

Debt limits and fiscal space for some Latin American economies

Lozano-Espitia, Ignacio; Julio-Román, J. Manuel - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-10

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the fiscal fatigue approach (Ghosh et al., 2013). We propose the spline technique to estimate each government's reaction function and the sovereign risk premium endogenous to the...

Persistent link: https://www.econbiz.de/10012545587

Assessing debt sustainability in a stochastic environment : 200 years of Dutch debt and deficit management

Wijnbergen, Sweder van; France, Alexander - 2012

Persistent link: https://www.econbiz.de/10010191022

Debt sustainability in Guatemala : institutional arrangement and quantitative analysis

Catalán-Herrera, Juan Carlos - 2020

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels …

Persistent link: https://www.econbiz.de/10012299175

Debt sustainability when r - g < 0 : no free lunch after all

Wijnbergen, Sweder van; Olijslagers, Stan; Vette, Nander de - 2020

(the "fiscal sustainability gap"). …

Persistent link: https://www.econbiz.de/10012317450

An empirical study of public debt sustainability based on fiscal fatigue and fiscal space in CEMAC countries

Makala, Ulrich Ekouala - In: International studies of economics 17 (2022) 3, pp. 334-370

This paper seeks first to test whether there is evidence of fiscal fatigue in the Central Africa Economic and Monetary Community (CEMAC) countries. On the contrary, we want to investigate the impact of fiscal rules on fiscal space to see if the implementation of fiscal rules enhances fiscal...

Persistent link: https://www.econbiz.de/10013454409

Balkan candidate countries running for fiscal consolidation : legal frameworks vs. economic results

Maksimovska Stojkova, Aleksandra; Nesovska Kjoseva, Elena; … - In: Comparative economic research : Central and Eastern Europe 22 (2019) 3, pp. 7-23

The subject of this paper is four Balkan countries (Albania, Serbia, Macedonia, and Montenegro) that are determined to join the European Union. More particularly, it looks at their work towards accomplishing the political, legal and economic requirements for the EU. Thus, the legislation with...

Persistent link: https://www.econbiz.de/10012120202

Sustainability of Public Debt and Budget Deficit: Panel cointegration analysis for the European Union Member countries

Prohl, Silika; Schneider, Friedrich G. - 2006

In this study, we analyse the sustainability of fiscal policy of EU member countries within the panel cointegration and … error-correction frameworks. Unlike the previous empirical papers in this area, we apply the test for panel cointegration … between the primary budget deficit and the public debt defined in GDP ratios. Based on the cointegration test results, we …

Persistent link: https://www.econbiz.de/10010294496

Sustainability of Swiss Fiscal Policy

Kirchgässner, Gebhard; Prohl, Silika - CESifo - 2006

Persistent link: https://www.econbiz.de/10005766311

Fiscal policy options in light of recent IMF research

Allen, Mark - 2011

. -- fiscal sustainability ; debt dynamics ; advanced economies ; fiscal adjustment ; public debt …

Persistent link: https://www.econbiz.de/10008797500

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