Search Results - subject_exact:"Fiscal deficit"

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Climate change and India's inflation, fiscal space and growth

SenGupta, Swapnanil; Atal, Aakansha - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653146

The state of the states : federal finance in India

Eichengreen, Barry; Gupta, Poonam - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015532642

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The state of the states : federal finance in India

Eichengreen, Barry; Gupta, Poonam - 2025

Book / Working Paper

Oil price volatility and its effects on macroeconomic stability in Jordan : a structural VAR approach

Al-Sawaie, Khaled Mohammed; Mohammad, Suleiman Ibrahim … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464842

Understanding the normalization of Japanese economy

Itō, Takatoshi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454773

Fiscal deficit and term structure of interest rate links on corporate investment : analyzing the post-pandemic monetary policy transmission using Indian high frequency data

Chakraborty, Lekha; Prasanth, C. - 2025

Using high-frequency macro data from a financially deregulated regime, this paper examines whether there is any evidence of financial crowding out in India. The macroeconomic channel through which financial crowding out occurs is the link between the fiscal deficit and the interest rate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438053

A review on fiscal and debt policies in Pakistan

Khan, Karim - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015526397

Lessons from China's fiscal policy during the COVID-19 pandemic

Huang, Tianlei - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014532296

RBI's monetary policy, fiscal deficits and financial crowding out in India : an empirical investigation

Chakraborty, Lekha - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015046779

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://ebvufind01.dmz1.zbw.eu/10015654499

Republic of Kazakhstan: State-Owned Enterprises, the Fiscal Stance, and Risks

Heng, Dyna - 2026

State-owned enterprises (SOEs) remain a cornerstone of Kazakhstan’s economy and growth model. However, SOEs’ quasi-fiscal activities conducted outside the fiscal framework obscure the overall fiscal stance, complicating macroeconomic management. This paper finds that the balance sheet...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612627

On the sustainable deficit of the government

Greiner, Alfred - 2026

In this note we derive the long-run public deficit to GDP ratio that is compatible with a sustainable public debt. Starting from the observation that a sustainable debt policy requires that the present value of public debt asymptotically converges to zero and that the debt to GDP ratio must be...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015595761

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

Fiscal monitoring with VARs

Cimadomo, Jacopo; Giannone, Domenico; Lenza, Michele; … - 2026

We design a Bayesian Mixed-Frequency vector autoregression (VAR) model for fiscal monitoring, i.e., to nowcast the government deficit-to-GDP ratio in real time and provide a narrative for its dynamics. The model incorporates both monthly cash and quarterly accrual fiscal indicators, together...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015605598

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Fiscal monitoring with vars

Cimadomo, Jacopo; Giannone, Domenico; Lenza, Michele; … - 2026

Book / Working Paper

Fiscal Monitoring with VARs

Cimadomo, Jacopo; Giannone, Domenico; Lenza, Michele; … - 2026

Book / Working Paper

The budget for fiscal headroom

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015606046

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://ebvufind01.dmz1.zbw.eu/10015620782

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://ebvufind01.dmz1.zbw.eu/10015628390

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://ebvufind01.dmz1.zbw.eu/10015628706

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://ebvufind01.dmz1.zbw.eu/10015639915

Fiscal and external breakeven oil prices are broken concepts (and how to fix them)

Pierru, Axel; Smith, James L. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641905

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

Strengthening fiscal legislation through extrinsic and intrinsic incentives

Goyal, Ashima - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647559

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

Whither the federal budget?

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651381

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://ebvufind01.dmz1.zbw.eu/10015652488

Heterogeneous growth effects in MENA countries : evidence from pooled quantile regression

Alrefo, Mahmoud Odeh Mitlaq; Lee, Yvonne; Han Hwa Goh - 2026

This study examines the heterogeneous effects of key macroeconomic determinants on economic growth in selected MENA economies using a pooled quantile regression framework. Unlike conventional mean-based approaches, this method captures variation across different segments of the conditional...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633282

Fiscal deficit : effect of economic, political, and institutional factors in Ecuador

Hernandez-Medina, Patricia; Ayol-Ayol, Cristian Israel; … - 2026

This study estimates the effect of economic, political, and institutional factors on Ecuador's budget deficit during the period 1990-2022. A distributed lag autoregressive model is used, given the non-stationarity of the variables and their different orders of integration. The limit test and the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653887

Financial stability limits on fiscal space

Zampolli, Fabrizio - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668198

Fiscal deficit: Effect of economic, political, and institutional factors in Ecuador

Hernandez-Medina, Patricia; Ayol-Ayol, Cristian Israel; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668452

Impacto macroeconómico y fiscal del cambio demográfico

Botero García, Jesús A.; Castrillon-Gaviria, Cristian; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015665336

Do fiscal rules undermine public investments? : a review of empirical evidence

Blesse, Sebastian; Dörr, Luisa; Dorn, Florian; Lay, Max - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670970

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Do fiscal rules undermine public investments? : a review of empirical evidence

Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023

Book / Working Paper

The interest rate effect of government debt and deficits : does domestic borrowing have a different impact than foreign borrowing?

Davis, Scott; Derr, Lillian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015669403

Trading budget deficits for public investment : optimal deficit rules for present-biased governments

Bergmann, Tobias; Moretti, Nikolaj - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672348

Are inflation expectations in Zambia anchored? : what are the drivers?

Muntanga, Barbara - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676464

Twin deficits and external constraints in a dollarized economy : a stock-flow consistent exercise for smaller economies with an application to El Salvador

Alvarez, Armando; Pérez Caldentey, Esteban; Yajima, … - 2026

This paper develops a stock-flow consistent (SFC) exercise for a smaller and dollarized economy and applies it to the case of El Salvador. Against the backdrop of the 2025 IMF-supported fiscal adjustment program, we reassess the origins of rising public debt and persistent external deficits...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060286

A stochastic approach to debt sustainability in EU countries

Raymond Bara, José Luis; Murillo Huertas, Inés P.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072890

Fiscal sustainability and sovereign risk pricing : evidence from time-varying fiscal reaction

Owusu, Benjamin Kwaw - 2026

This paper investigates whether fiscal sustainability is priced in sovereign bond markets. For this purpose, we construct a standard measure of fiscal sustainability for 21 EU countries, namely, a time-varying fiscal reaction coefficient measuring the response of the cyclically adjusted primary...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016071083

Exploring asymmetric causality between fiscal deficit and poverty reduction in Nigeria

Olaniyi, Clement Olalekan; Odhiambo, Nicholas M. - 2026

This study aims to examine asymmetric causality between fiscal deficits and poverty reduction in Nigeria for the period 1981-2023.This study adopts Hatemi-J data decomposition procedures, the asymmetric causality approach and bootstrapping simulation with leverage adjustments.Symmetric causality...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069403

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://ebvufind01.dmz1.zbw.eu/10015635167

The political economy of debt sustainability analysis : a case study of the Finnish debt brake

Kyyrönen, Otto - 2026

This paper critically examines the debt sustainability analysis (DSA) calculations underpinning Finland's new national fiscal rule, the "debt brake." The rule requires the public debt-to-GDP ratio, currently around 90 percent, to decline by at least 0.75 percentage points annually until it...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072249

Estimated fiscal reaction functions and the calculation of sustainable government net debt limits for the US and 24 other OECD countries

Warshawsky, Mark J. - 2026

This paper calculates sustainable sovereign net debt limits for 25 OECD countries, updating and enhancing the model in Ghosh et al. (2013). Fiscal reaction functions are estimated over a recent time period, confirming the fiscal fatigue hypothesis, where net debt levels exceeding 150% of GDP...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016089287

Borrowing to invest : why the people in Germany and the UK do not prioritise fiscal responsibility

Eichhorn, Jan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016092836

Compliance with fiscal sustainability and the euro

Afonso, António; Miranda, Catarina Farinha - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082984

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Compliance with fiscal sustainability and the Euro

Afonso, António; Miranda, Catarina Farinha - 2025

Book / Working Paper

Estimating the threshold level of public expenditure and fiscal deficit in the United Arab Emirates (UAE) : evidence from Kuznets curve hypothesis

Aldahmani, Hamad Mohammed Asad Abdulrah; Awadh Ahmed … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013479588

A stringent necessity : addressing fiscal bubbles with fiscal rules in Central and Eastern Europe

Creel, Jérôme; Da̜browski, Marek A.; Farvaque, Étienne - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015196446

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A stringent necessity : addressing fiscal bubbles with fiscal rules in Central and Eastern Europe

Creel, Jérôme; Da̜browski, Marek A.; Farvaque, Étienne - 2023

Book / Working Paper

Indonesia's fiscal capacity and burden-sharing scheme : a new insight from handling COVID-19

Buhaerah, Pihri; Firdaus, Nur - 2023

The spread of COVID-19 has brought many economies into recession, and Indonesia is no exception. In response to the adverse impacts of the COVID-19 pandemic, a higher fiscal stimulus is needed to achieve economic recovery. However, as one of the world's most populous countries, Indonesia has...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014313477

India's debt dilemma

Eichengreen, Barry; Gupta, Poonam; Ahmed, Ayesha - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015532616

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India's debt dilemma

Eichengreen, Barry; Gupta, Poonam; Ahmed, Ayesha - 2023

Book / Working Paper

The Determinants of fiscal deficit in South Africa : a Bayesian vector autoregressive approach

Kasongo, Atoko - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014416058

Outstanding liabilities of Indian states : post-fiscal responsibility legislation period

Mohan, R. - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014296444

Inflation differentials in the African economic community

Iorngurum, Tersoo David - 2025

This paper examines the determinants of inflation differentials across member states of the African Economic Community (AEC). The results suggest that exchange rate depreciation, GDP per capita growth, price divergence, fiscal deficit, and periods of economic instability all contribute to higher...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015272020

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Inflation differentials in the African economic community

Iorngurum, Tersoo David - 2025

Book / Working Paper

Fiscal deficit and term structure of interest rate links on corporate investment: Analyzing the post-pandemic monetary policy transmission using Indian high frequency data

Chakraborty, Lekha; Prasanth, C. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015448188