Search Results - subject_exact:"Deficit rules"

Upstream gas portfolio optimization under fiscal rules and uncertainty : a systematic review and bibliometric mapping

Naikosou, Marcelino Freitas; Adityawarman; Guterres, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620653

Impact of fiscal sustainability on economic growth in Kenya

Mose, Naftaly; Moro, Kamal Deen - 2026

Fiscal sustainability refers to a government's capacity to generate sufficient revenue to cover its expenses and repay its debts without accumulating excessive liabilities or creating new money. Recent observations indicate that Kenya's economic growth has slowed, prompting concerns about its...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620782

Employment protection and collective bargaining reforms after austerity : divergent paths in Portugal and Spain

Branco, Rui Miguel C.; Marques, Paulo; Molina, Oscar; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625052

Public debt sustainability in the Eurozone : an empirical assessment using macroeconomic indicators

Mutai, Noah Cheruiyot; Ibeh, Lawrence; Farag, Karim; … - 2026

This study examines public debt sustainability in the Eurozone by estimating fiscal reaction functions that assess how fiscal balances respond to rising public debt under heterogeneous macroeconomic conditions. Using annual panel data for 20 EU countries from 2000 to 2024, we employ fixed...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628390

Fiscal consolidation and the 16th Finance Commission : the Federal aspects of India's Union Budget 2026

Chakraborty, Lekha - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628401

Designing Medium-Term debt Management Strategy (MTDS) for subnational debt management in India

Nayak, Dinesh Kumar; Jena, Pratap Ranjan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628402

Governance quality and fiscal discipline : evidence from an emerging economy

Alsaffarini, Enas; Awwad, Bahaa Sobhi Abde Latif - 2026

This study examines the impact of key governance dimensions on public budget rationalization in Palestine from 2002 to 2023. Utilizing Legitimacy Theory, the research assesses how institutional quality affects fiscal outcomes, including revenues, expenditures, net lending, and budget balance....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628706

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633245

IMF austerity in practice : lessons from Argentina and implications for Lebanon's economic recovery

Accary, Johnny; Mrad, Jessica Abou; Fayad, Nour Mohamad - 2026

This paper provides a comparative analysis of the economic crises in Argentina and Lebanon to derive policy-relevant lessons for the design of IMF-supported adjustment programs in fragile economies. Using a structured comparative case study approach, the study examines crisis dynamics, policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633908

How governments finance and defund military spending : global evidence on deficits, taxes, and civilian spending

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

Using cross-country data for 167 countries with broad post-World War II coverage and historical extensions to earlier periods, we quantify how deficits, taxes, and civilian spending respond to increases and decreases in military spending. On average, deficit financing dominates: a 1 percent-age...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635167

Macroeconomic and distributional effects of fiscal consolidation measures in EU countries

Heimberger, Philipp; Matzner, Anna - 2026

We provide new evidence on the effects of fiscal consolidation measures on output, unemployment, income inequality and consumer price inflation. To identify causal impacts, we use a narrative-based instrumental variable strategy drawing on historical records of exogenous fiscal changes motivated...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604757

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606096

Public financing under balanced budget rules

Deng, Minjie; Liu, Chang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015414582

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Public financing under balanced budget rules

Deng, Minjie; Liu, Chang - 2026

Book / Working Paper

Public financing under balanced budget rules

Deng, Minjie; Liu, Chang - 2024

Book / Working Paper

Public Financing Under Balanced Budget Rules

Deng, Minjie; Liu, Chang - 2022

Book / Working Paper

The effects of austerity on fiscal prudence : the role of private indebtedness and private investment

Chrysanthakopoulos, Christos - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609167

The political economy of non-compliance with the golden rule of public finance

Uchida, Yuki; Ono, Tetsuo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610944

A Narrative Fiscal Consolidation Dataset for Sub-Saharan Africa

Abdel-Latif, Hany - 2026

This paper introduces the first narrative-based dataset on fiscal consolidations for sub-Saharan Africa (SSA). Drawing on staff reports from the International Monetary Fund (IMF) during the period 1990-2024 and using an approach assisted by artificial intelligence (AI), the dataset...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612685

Efficiency at a cost : how a fiscal rule on disbursement timelines shifted public investment toward repairs

Athiphat Muthitacharoen; Phatarakorn Thongsathit; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563847

Expansionary fiscal rules under sovereign risk

Esquivel, Carlos; Samano, Agustin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574597

Dynamic effects of fiscal rules : do initial conditions Matter?

Fatás, Antonio; Gootjes, Bram; Mawejje, Joseph - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580402

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Dynamic effects of fiscal rules : do initial conditions matter?

Fatás, Antonio; Gootjes, Bram; Mawejje, Joseph - 2025

Book / Working Paper

Private and public security : theory and evidence from the UK

Mongrain, Steeve; Pazzona, Matteo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637541

Point break : when fiscal rules turn pro-cyclical$devidence from debt thresholds in the European Union

Carnazza, Giovanni; Tomasone, Francesco - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638013

Debt sustainability in Japan and the case for a fiscal council : rising rates are testing Japan's fiscal framework, with debt dynamics hinging on growth and pointing to the need for adjustment and a fiscal council

Miyazaki, Tomomi; Lappe, Marie-Sophie; Dom, Roel - 2026

Japan combines the highest public debt ratio among advanced economies with a fiscal framework that has struggled to anchor fiscal policy. As monetary policy normalises and interest rates rise, concerns about debt sustainability have intensified. We assess Japan's debt dynamics using stochastic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636747

The impact of geopolitical crises on fiscal and budgetary stability

Papainog, Maria-Teodora - 2026

This study explores the relationship between geopolitical risk and fiscal-budgetary stability of countries, focusing on how external instability impacts the dynamics of the budget deficit. Using a dynamic System GMM (Arellano-Bover/Blundell-Bond) model on a panel dataset of 25 OECD member...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639915

Optimal supermajority threshold for suspending fiscal rule

Arawatari, Ryo; Ono, Tetsuo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628403

Fiscal consolidation and disinflationary frictions in Argentina

Sandleris, Guido; Ballester, Francisco; Filippini, Federico - 2026

Argentina has struggled with persistently high inflation for the past two decades, surpassing 200% in 2023. While there is a broad consensus on the need for fiscal consolidation to curb inflation in the country, the path to disinflation is fraught with challenges. The objective of this paper is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636659

Fiscal sustainability in Latin America and the Caribbean : a cluster analysis based on compliance with fiscal rules

Campos, Eduardo Lima; Cysne, Rubens Penha; Castro, … - 2026

Several studies have investigated the fiscal sustainability of Latin American and Caribbean (LAC) countries. However, country-specific analyses fail to account for common factors and cross-dependence, while a single-panel approach is inadequate due to the region's economic diversity. Building on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636683

Clientelism, institutions and sovereign default

Azzimonti, Marina; Mitra, Nirvana - 2026 - This version: March 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636809

The balanced budget in the Italian constitution : the evolution of article 81 and the sustainability of public finances

Marini, Giorgia; Mino, Giulia - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638762

Evaluating the self-defeating fiscal austerity hypothesis for a dollarized economy: the Peruvian case

Mancilla Marquina, Luis; Rodriguez, Gabriel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638654

Measuring Alberta's budget gap

Hill, Tegan; Li, Nathaniel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635409

Expansionary austerity in Europe : finally an oxymoron?

Fontana, Olimpia; Sau, Lino - 2026

The expansionary austerity thesis (EAT) emerged and established itself in the 1990s, based on theoretical and empirical research, and was rapidly incorporated into macroeconomic theory. In a nutshell, fiscal consolidations, aimed at stabilising or lowering the public debt-to-GDP ratio, can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650697

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Expansionary austerity in Europe : finally an oxymoron?

Fontana, Olimpia; Sau, Lino - 2023

Book / Working Paper

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://www.econbiz.de, 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

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650337

US-China cooperative interdependence : opportunities and obstacles

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644205

Governance and fiscal sustainability : evidence from developed and emerging economies

Ndiaye, Seydou Nourou; Harouna, Zakari-yaou Doulla; Sow … - 2026

The quality of governance is a key driver of resource mobilisation in a context marked by successive shocks that exacerbate fiscal imbalances. This study aims to analyse the role of institutional quality in the relationship between public expenditure and tax revenue in a panel of 162 countries,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644237

Gleichstellungswirkungen von Budgetkonsolidierungen

Schratzenstaller, Margit; Bock-Schappelwein, Julia; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640630

Distance matters : geographical proximity and fiscal rules enforcement

Christofzik, Désirée I.; Märtz, Oliver - 2026

A reform in the German state of Hesse selectively shifted the responsibility for overseeing and enforcing a balanced budget rule at the municipal level. Oversight was transferred from politically affiliated county administrators to non-political and potentially more impartial fiscal supervisors...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611373

A consideration of fiscal targetry

Chadha, Jagjit - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652481

Deficit aversion as a path to higher debt : sovereign debt dynamics in a stock-flow consistent model with public capital

Jürgens, Ekaterina - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652488

Fiscal shocks and public debt dynamics in the European Union : new evidence using forecast-error identification

Staehr, Karsten; Tkǎcevs, Ol̦egs; Toiger, Ann Merit - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651111

Whither the federal budget?

Dynan, Karen E.; Smetters, Kent A.; Zentner, Ellen - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651381

Ageing costs, public debt sustainability and EU fiscal rules

Gökten, Meryem; Heimberger, Philipp - 2026

This paper examines the role of ageing costs and the underlying assumptions in the reformed EU fiscal rules. To comply with these rules, governments facing rising ageing costs over the decade that follows a multi-year adjustment period must pre-emptively implement fiscal consolidation measures...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654499

Optimal default in a small open economy : Senegal's hidden debt crisis

Coulibaly, Louphou; Ndiaye, Abdoulaye - 2026

Hidden public liabilities can reprice sovereign risk abruptly upon revelation. We study optimal default following such a revelation in a quantitative sovereign default model and apply the framework to Senegal's 2024 debt audit, which revised government debt upward by 50 percentage points of GDP....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651315

The EU fiscal framework and national fiscal rules : effects on budget balance dynamics

Lehtimäki, Jonne; Krämer, Robert - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654446

Fiscal consolidation and political instability

Heimberger, Philipp; Matzner, Anna - 2026

This paper analyses how fiscal consolidation shocks affect political instability in advanced economies. Using data on fiscal tightening in 17 OECD countries from 1980 to 2020, we estimate dynamic effects in a local projection framework employing a narrative-based instrumental variable approach...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643114

When the barrel hits the budget : oil prices and fiscal consolidation in China

Buthelezi, Eugene Msizi - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656462

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656663

Macroeconomic outlook and medium-term growth prospect after the budget

Goyal, Ashima - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374984

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375251

The role of fiscal rules for spending multipliers in European Union countries

Sznajderska, Anna; Torój, Andrzej; Chmura, Rafał - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359827