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Spending on the frontline : the macroeconomic implications of rising defence expenditure

Clancy, Daragh; Lozej, Matija - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618425

Government spending, renewable energy and green growth : evidence from vietnam

Le, Ngan My Thi; Luu, Ven Phuoc - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618936

Fiscal policy in a permanent liquidity trap : evidence from Japan

Albonico, Alice; Ascari, Guido; Gobbi, Alessandro - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609203

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Fiscal policy in a permanent liquidity trap : evidence from japan

Albonico, Alice; Ascari, Guido; Gobbi, Alessandro - 2026

Book / Working Paper

Lebanon : Government Personnel Spending: Scoping a Medium-Term Spending Envelope

Carroll, Nick - 2026

This public sector pay mission scoped the available data and presents an indicative baseline and scenarios for reform. There is limited room for major increases in personnel spending and careful prioritization is needed. If implemented in 2025, adjustments to pension benefits, expanded military...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612615

The Fiscal Multipliers Narrative of Sub-Saharan Africa

Abdel-Latif, Hany - 2026

This paper estimates the macroeconomic effects of fiscal consolidations in sub-Saharan Africa using a newly constructed narrative dataset of discretionary fiscal policy actions for 14 countries over 1990–2024. The dataset, documented in Abdel-Latif et. al. (2025), identifies fiscal measures...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612675

The perils of narrowing fiscal spaces

Kase, Hanno; Melosi, Leonardo; Rast, Sebastian; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613761

PFR Fundamentals : Fiscal Multipliers

2026

The purpose of this note is to help mainstream fiscal multipliers in PFRs. It aims to provide guidance for estimating fiscal multipliers in developing countries by leveraging the World Bank’s macroeconomic and fiscal model (MFMod) to generate country-specific estimates. While other methods are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613927

Lao PDR Public Expenditure and Financial Accountability Performance Assessment Report 2023

Georgieva-Andonovska, Elena; Cullen, Tessa Clare; … - 2026

The objective of the assessment is to take stock of the performance of the Lao People’s Democratic Republic (PDR’s) public finance management (PFM) system, assess progress since the 2018 Public Expenditure and Financial Accountability (PEFA) assessment, and inform the development of the Lao...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613936

Bosnia and Herzegovina Public Finance Review : Fiscal Policy and Growth - Smart Revenue, Inclusive Spending

2026

The Public Finance Review (PFR) for Bosnia and Herzegovina (BiH) aims to support policymakers in strengthening medium-term fiscal frameworks and aligning fiscal policy with sustainable and inclusive growth. Against the backdrop of BiH’s highly decentralized governance structure, heightened...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613944

The moderating role of corruption on the nexus between government spending and per capita income in the emerging economies of the BRICS

Khasawneh, Raed; Hailat, Mahmoud; Alqudah, Anas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614121

Tax expenditures and redistribution : the case of Portugal

Christl, Michael; Berdeal, Silvia Navarro - 2026

This paper assesses the fiscal and distributional effects of personal income tax expenditures in Portugal using EUROMOD and 2022 EU-SILC microdata. We compare the 2023 tax-benefit system with a counterfactual scenario in which tax expenditures are removed to estimate first-round impacts. We find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615624

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Tax expenditures and redistribution : the case of Portugal

Christl, Michael; Berdeal, Silvia Navarro - 2026

Book / Working Paper

Decentralising environmental public spending : from political platforms to actual policies in the EU countries

Lanterna, Federica; Marin, Giovanni; Sacchi, Agnese - 2026

Environmental challenges increasingly shape political discourses across Europe, yet their influence on actual environmental governance remains unclear. This paper examines the political economy mechanisms linking environmental change, party platforms, and the decentralisation of environmental...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616431

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Decentralising environmental public spending : from political platforms to actual policies in the EU countries

Lanterna, Federica; Marin, Giovanni; Sacchi, Agnese - 2026

Book / Working Paper

Madagascar Agriculture Public Expenditure Review (AgPER) : Realigning Agriculture Support Policies and Programs

2026

This report examines Madagascar’s public agricultural expenditure from 2013 to 2022 and incorporates recent policy changes as of mid-2024. Its findings and recommendations aim to help the government allocate scarce public resources more effectively for better targeting and outcomes. The study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597475

Debt and deficits: fiscal analysis with stationary ratios

Campbell, John Y.; Gao, Can; Martin, Ian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015578953

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Debt and Deficits : Fiscal Analysis with Stationary Ratios

Campbell, John Y.; Gao, Can; Martin, Ian - 2023

Book / Working Paper

Debt and deficits : fiscal analysis with stationary ratios

Campbell, John Y.; Gao, Can; Martin, Ian - 2023

Book / Working Paper

Debt and Deficits : Fiscal Analysis with Stationary Ratios

Campbell, John Y.; Gao, Can; Martin, Ian - 2023

Book / Working Paper

The hidden benefits bill : how universal credit claimants get £10 billion in extra benefits

Elsom, Caroline - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604747

The IFS Scottish Budget Report : 2026-27

Boileau, Bee; Brogaard, Martin; Phillips, David; … - 2026

The Scottish Budget and Spending Review published on 13 January set detailed spending plans for 2026-27, alongside higher-level plans for the following two years for day-to-day (resource) spending and the following three years for investment (capital) spending. Understandably, the Scottish...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015606094

Recent changes and the future outlook for Scottish Government funding

Brogaard, Martin; Phillips, David - 2026

The funding available to a government determines the choices available to it - including what public services and benefits to provide, whether to charge co-payments for services, and if so at what level. Such choices especially affect households on low and middle incomes, and particularly those...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015606095

From fiscal rules to fiscal traffic lights : rethinking the UK fiscal framework

Zaranko, Ben - 2026

The central contention of this report is that the UK fiscal framework has some desirable features but is not delivering good outcomes. We are in a bad equilibrium. The UK's fiscal framework is based around a set of pass-fail, numerical fiscal rules. The fiscal debate is overly fixated on the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015606096

Are Philippine local governments spending enough on primary health care?

Ulep, Valerie Gilbert; Herrin, Alejandro N.; Sarne, … - 2026

We assessed whether health spending of local government units in the Philippines is sufficient to deliver mandated primary health care (PHC) services under a devolved system, how PHC spending varies with fiscal capacity, and whether increased intergovernmental transfers following the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619654

Italy's superbonus and the capture of climate policy by modern monetary theory

Capone, Luciano; Stagnaro, Carlo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620466

The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

We provide experimental evidence on how fiscal news shapes households' expectations and spending behavior. Using a new survey of ~11,000 Korean individuals linked to automatically collected high-frequency spending data, we elicit respondents' fiscal and macroeconomic beliefs and randomly provide...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015624661

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The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

Book / Working Paper

External shocks, fiscal transmission mechanisms, and macroeconomic volatility : evidence from Ecuador

Diaz-Kovalenko, Igor Ernesto - 2026

This paper investigates how external shocks propagate through fiscal transmission mechanisms in a commodity-dependent economy within a dynamic macroeconomic framework. The study contributes to the literature on macroeconomic fluctuations by examining the interaction between external revenue...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626038

Do financial innovation and financial deepening promote economic growth in sub-Saharan Africa?

Elsharif, Mohamed Sharif Bashir; Elamin, Ahlam … - 2026

In this paper, we analyze the impacts of financial innovation and financial deepening on the economic growth of 14 sub-Saharan African (SSA) countries from 1995 to 2023. The autoregressive distributed lag (ARDL) approach and error correction model (ECM) were used to assess short- and long-run...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626044

Women’s Political Empowerment and Public Spending Efficiency in Developing Countries

Coulibaly, Yacouba; Coulibaly, Aissata - 2026

This paper examines the effect of women’s political empowerment on public spending efficiency in developing countries. Using a large panel of 126 developing countries over 1995–2021, the paper constructs public spending efficiency scores based on Stochastic Frontier Analysis, capturing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628260

Repurposing Public Expenditure and Price Incentives for an Inclusive, Resilient, and Competitive Agri-food Sector in Niger

Food Organization of the United Nations - 2026

Despite Niger’s relatively high public spending on agriculture compared to regional peers, the impact on sector productivity and growth has been limited and uneven. This report, an agricultural public expenditure review combined with an analysis of price incentives for crop and livestock...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628304

Evaluation of public expenditure in Morocco : an analysis using efficiency frontiers

Lhajhouji, Yassin; Hasnaoui, Rachid; Bakhat, Mohcine - 2026

In Morocco, the increasing public expenditure on essential sectors, such as education, does not always lead to improved outcomes, highlighting a significant gap between resource allocation and quality enhancement. This study examines the efficiency of public expenditure in education, health, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628417

Government spending and education sustainability : evidence-based insights from Saudi Arabia

Altwijry, Othman; Abouelnour, Khaled Ahmed - 2026

Attaining education sustainability is indeed important as it ensures the overall economic sustainability of countries and it is directly connected with the United Nations Sustainable Development Goals (SDG-4). However, the literature evidence on the determinants of education sustainability is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628701

Fiscal and macroeconomic impacts of defence spending

Conigrave, Ben - 2026

Military spending is increasing rapidly as many OECD countries move to shore up defence in a degraded security environment. Larger defence budgets compound strains on public finances from past crises and mounting fiscal pressure from population ageing and the cost of climate change. Many...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015631370

Mandatory spending in budgeting in selected OECD countries

2026

Large portions of spending by national governments can be considered mandatory, in that they are incurred through legislative requirements rather than annual budget approvals. As populations age and public debt increases, the impact of mandatory spending on the budget is increasing. If large...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015631408

Can Europe deliver NATO's five percent? : fiscal constraints, political feasibility and security beyond spending targets

Bolouri, Armin; Lohse, Tim; Qari, Salmai - 2026

The adoption of NATO's new 5% defence spending target reflects shifting US strategic priorities and places heavy demands on European allies. This article assesses whether European NATO members can realistically meet this target, combining evidence on past and projected military spending, fiscal...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637632

Regulating ceremonial spending : top-down or bottom-up?

Aldashev, Alisher; Danzer, Alexander M. - 2026

Ceremonies are central to social life, yet the pressure to conform to community spending norms traps households in a collectively suboptimal equilibrium, imposing severe financial burdens. Using nationally and regionally representative longitudinal data from Tajikistan and Kyrgyzstan, we...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638310

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Regulating ceremonial spending : top-down or bottom-up?

Aldashev, Alisher; Danzer, Alexander M. - 2026

Book / Working Paper

Fiscal demographic reversal

Miyamoto, Hiroaki; Shinohara, Hiroaki - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638665

Raising cultural participation : limits and pitfalls of cultural spending in cities

Lerouge, Romain; Arnaboldi, Michela - 2026

Cultural participation is a catalyst for urban vitality and transformation, characterising central-periphery dy namics. At the frontline of public endowment to the arts, cities' spending plays a major role in sustaining cultural vibrancy in a territory. People's cultural participation is,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639052

Uzbekistan : Third Agriculture Public Expenditure Review

2026

Agriculture is a cornerstone of Uzbekistan’s economy, accounting for 24.3 percent of GDP, 23.9 percent of employment, and 20.4 percent of exports in 2023.2 It plays a vital role in reducing rural poverty, ensuring food security, and mitigating climate change risks. Despite its importance, the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641178

Taxes, growth, and equity : the illusions of fiscal policy

Hira, Anil; Swartz, Tim; Cao, Jiguo - 2026

For over a century now, one of the central debates of economic policy has been around fiscal policy. Taxation and government spending have been a feature of most political campaigns, with one (more vocal) side claiming that taxation chokes economic growth and benefits special interests, while...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643086

Financing Universal Health Coverage in the Lao PDR : A Health Public Expenditure and Institutional Review

2026

Financing Universal Health Coverage in the Lao PDR: A Health Public Expenditure and Institutional Review examines how the Lao People's Democratic Republic finances its health sector and how public institutions translate resources into services, at a time when progress toward universal health...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656013

On the unintended consequence of fiscal rules : evidence from fiscal expenditures

Arezki, Rabah; Graziosi, Grégoire Rota; Le Van Dao - 2026

This paper documents the unintended consequence of fiscal rules in the form of tax expenditures using both theory and data. We first introduce a simple fiscal model where the government has time-inconsistent preferences with a present bias toward public spending in line with Halac and Yared...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656663

Expenditure cuts vs. tax hikes : economic effects of municipal consolidation strategies

Hessami, Zohal; Thomas, Maximilian; Thunecke, Georg - 2026

This paper investigates the short- and medium-term causal impact of austerity on local fiscal, economic, and political outcomes. We exploit a 2013 state-level austerity program in Hesse, Germany and manually code 2,900 consolidation measures for 86 municipalities, distinguishing between tax- and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650337

The cyclical behaviour of government spending for social protection : is the OECD methodology robust?

Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2026

Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650700

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The cyclical behaviour of government spending for social protection : is the OECD methodology robust?

Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023

Book / Working Paper

The rise of China in academic research

Cozariuc, Catalina; Laeven, Luc; Popov, Alexander - 2026

Analyzing more than 300,000 articles across 40 top-tier journals between 2000 and 2022, this study demonstrates that China's 2006 National Medium- and Long-Term Plan for the Development of Science and Technology catalyzed a surge in publication volume and citations, propelling China past the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651210

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The rise of China in academic research

Cozariuc, Catalina; Laeven, Luc; Popov, Alexander - 2025

Book / Working Paper

Adjustment through revenue or spending? : fiscal adjustment scenarios based on estimated multiplier effects

Sanches, Marina da Silva; Santos, Hiaman Rodrigues Silva; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633245

Estimates of government spending multipliers in Australian data

Reynolds, Zac; Fisher, Lance A. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633899

On the empirical (ir)relevance of the zero lower bound constraint : the case of fiscal multiplier in Japan

Iiboshi, Hirokuni; Iwata, Yasuharu; Tsuruga, Takayuki - 2026

Japanís prolonged ZLB period alongside substantial debt accumulation makes it a compelling laboratory for testing whether fiscal multipliers differ across normal and ZLB periods. This paper investigates this question using a sign- and zero-restricted TVP-VAR that jointly identifies fiscal rules...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015634030

Recent changes and the future outlook for Welsh Government funding

Brogaard, Martin; Phillips, David - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635235

Options for changing Plan 2 student loans : costs, benefits and distributional effects

Ogden, Kate - 2026

There has been considerable recent debate about the terms of 'Plan 2' student loans, which were issued to 11 cohorts of English undergraduate university students: those who started their courses between academic years 2012/13 and 2022/23.1 We have written before about how these student loans...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635255

Public service spending and performance in Scotland

Brogaard, Martin; Domínguez, Magdalena; Harvey-Rich, Olly - 2026

Public services play an important role in supporting households' well-being and their members' life chances. This is especially true for low- and middle-income households, for whom the in-kind services received represent a larger share of overall consumption and for whom equivalent private...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635260

Public service spending and performance in Wales

Brogaard, Martin; Domínguez, Magdalena; Harvey-Rich, Olly - 2026

Public services play an important role in supporting households' well-being and their residents' life chances. This is especially true for low- and middle-income households, for whom the in-kind services received represent a larger share of overall consumption, and for whom equivalent private...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635274

A stochastic growth model of a poorly developed country with natural disasters

Dufrénot, Gilles; Egnikpo, Edem - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636924

Fiscal response in the presence of aid heterogeneity under political regime change : new evidence from Pakistan

Farooq, Imran; Mavrotas, George; Cassimon, Danny - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561095

Fiscal policy and sectoral spillovers in open-economy HANK

De Beauffort, Charles; Rannenberg, Ansgar - 2026

Government spending falls disproportionately on non-tradable services. We show empirically that government spending shocks stimulate private consumption along with sizable spillovers to the goods sector and a relative decline in goods prices. We rationalize these findings with a two-sector...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667299