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Local governments’ fiscal policy as a factor of urban development – evidence from Poland
Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2012
The paper explores the issue of urban development in the context of fiscal crisis. A model of municipal governance is introduced, explaining how social agents’ individual strategies shape the accumulation of debt by local governments. Empirical investigation, in a sample of big Polish cities,...
Persistent link: https://www.econbiz.de/10011258161
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An Evaluation of the Revenue side as a source of fiscal consolidation in high debt economies
Banerjee, Ritwik - Volkswirtschaftliche Fakultät, … - 2012
Unsustainable levels of debt for some European economies is causing enormous strain in the Euro area. How to tide over the debt crisis seems to be the most important objective the European policy makers are currently facing. We use a dynamic general equilibrium closed economy model to compute...
Persistent link: https://www.econbiz.de/10011258427
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An (Un)Pleasant Arithmetic of Fiscal Policy: the Case of Italian Public Debt
Marattin, Luigi; Marzo, Massimiliano - Volkswirtschaftliche Fakultät, … - 2008
Using the simple arithmetic of government budget constraint, we perform an analysis on the Italian case, investigating the consequences on the main public finance aggregates of the adoption of a fiscal policy rule responding to past real debt/GDP ratio. Such a rule, firmly grounded in the...
Persistent link: https://www.econbiz.de/10005260291
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An assessment of debt sustainability in scenario of Pakistan’s debt burden
Ejaz, Khurram; Javid, Attiya Yasmin - Volkswirtschaftliche Fakultät, … - 2011
The objective of the study is to assess and analyze sustainability of overall public debt and sustainability of … sustainability through interest rate and growth rate differential and level of primary budget balance while external debt … sustainability is assessed through interest rate on debt and growth rate of exports differential and current account balance. The …
Persistent link: https://www.econbiz.de/10011259292
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The Study of Public Debt. Which Are the Distinctions between the Emerging and Advanced Economies in the European Union?
Stoian, Andreea; Iorgulescu, Filip - Volkswirtschaftliche Fakultät, … - 2015
The aim of our paper is to provide a comprehensive study of public debt in various aspects across the European Union,emphasizing the existing distinctions between the emerging and advanced economies in Europe. Using annual data ranging from 1995 to 2013 we develop investigation manifold....
Persistent link: https://www.econbiz.de/10011262755
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La Financiación del Déficit del Gobierno Central: Sus Costos Económicos y la Independencia Del Banco Central en Colombia desde 1991. 
Parada, Jairo; Albor, Cristina - Volkswirtschaftliche Fakultät, … - 2011
Since 1991, public finance of the Colombian Central Government reveals an explosive pattern in the burden in terms of GDP of interest payments of public debt, reaching levels over 4%. This behavior is deeply connected with a debt financing public policy based on issuing public debt in the...
Persistent link: https://www.econbiz.de/10011258448
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The Impact of Growing Public Debt on Economic Growth in the European Union
Mencinger, Jernej; Aristovnik, Aleksander; Verbic, Miroslav - Volkswirtschaftliche Fakultät, … - 2014
The paper attempts to empirically explore the transmission mechanism regarding the short-term impact of public debt and growth. We examine and evaluate the direct effect of higher indebtedness on economic growth for countries in the EU which are in the epicentre of the current sovereign debt...
Persistent link: https://www.econbiz.de/10011259697
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Public debt, fiscal decisions and political power
Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2014
The present paper treats the issue of economic foundations, on which political power rests, and the specific problem of public debt in the developed countries. Starting from the general question: “Why do rich governments borrow so much?” the paper develops a model of political power based on...
Persistent link: https://www.econbiz.de/10011113427
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Fiscal Theory of Price Level
Daly, Hounaida; Smida, Mounir - Volkswirtschaftliche Fakultät, … - 2014
Lack of coordination between the monetary and fiscal authorities will result in inferior overall economic performance. This paper studies the interactions between monetary and fiscal policies and its effect on the economic performance by using al cointegration tests in the case of Euro Area....
Persistent link: https://www.econbiz.de/10011114139
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Fiscal Policy and Public Debt Dynamics in Italy
Piergallini, Alessandro; Postigliola, Michele - Volkswirtschaftliche Fakultät, … - 2011
makers have reacted to the accumulation of debt, taking corrective measures to rule out potential long-term sustainability …
Persistent link: https://www.econbiz.de/10008805897