Search Results - subject_exact:"Fiscal theory"

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Why did inflation rise and fall in 2021-24? : channels and evidence from expectations

Reis, Ricardo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613446

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Why did inflation rise and fall in 2021-24? : channels and evidence from expectations

Reis, Ricardo - 2026

Book / Working Paper

South Sudan Public Finance Review : A Narrow Path to Recovery

2026

This Public Finance Review (PFR)—the first such assessment by the World Bank for South Sudan— aims to evaluate the state of the nation’s public finances and provide actionable recommendations to create fiscal space for public investment and service delivery while strengthening fiscal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613950

Fiscal seigniorage and price level determination in a currency union

Schmidt, Sebastian - 2026

I study price level determination in a currency union when some member countries' government securities earn a convenience yield. These "convenience assets" generate fiscal seigniorage revenues that, given appropriate fiscal and monetary policies, back the union's price level, much like primary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605061

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Fiscal seigniorage and price level determination in a currency union

Schmidt, Sebastian - 2026

Book / Working Paper

South Africa’s inflation : monetary or fiscal?

Liu, Guangling; Solomon, Christopher D. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641465

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South Africa's inflation : monetary or fiscal

Liu, Guangling; Solomon, Christopher D. - 2025

Book / Working Paper

Original sin, sovereign default, and the limits of the fiscal theory of the price level

Ocampo, Emilio - 2026

The Fiscal Theory of the Price Level (FTPL) argues that inflation adjusts to ensure that the real value of government liabilities equals the expected present value of future primary surpluses. This mechanism is plausible in economies whose public debt is predominantly denominated in domestic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656459

Finanzwissenschaftliche Überprüfung des kommunalen Finanzausgleichs in Brandenburg für das Ausgleichsjahr 2027 : Gutachten im Auftrag des Ministeriums der Finanzen und für Europa des Landes Brandenburg : Endfassung vom 16.12.2025

Döring, Thomas; Gerhards, Eva; Monsef, Roschan; … - 2026

Das Ministerium der Finanzen und für Europa des Landes Brandenburg hat das Finanzwissenschaftliche Forschungsinstitut an der Universität zu Köln (FiFo Köln) und Professor Dr. Thomas Döring (sofia Darmstadt) mit einer finanzwissenschaftlichen Begutachtung des brandenburgischen kommunalen...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605436

Ghana Public Finance Review

2025

Ghana's development path, although registering past successes, faces a series of current and future challenges. Ghana succeeded inhalving its poverty rate between 1991 and 2016, from 87 percent (US$3.65 per day in 2017 purchasing power parity [PPP]) to about 50 percent of the population,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372308

Eswatini Public Finance Review

2025

Eswatini's fundamental policy challenge is to address the longstanding factors that have constrained growth and hindered broad-based improvements in living standards. Given the state's significant role in the economy, the build-up of macro imbalances, and slow improvements in social indicators,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372312

Croatia Subnational Public Finance Review

2025

The Subnational public finance report is the first in a series of World Bank reports that analyze local and regional government fiscal and financial developments in Croatia. The objective of this work is to offer policy advice on improving public service delivery in a fiscally efficient and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372410

Zimbabwe Public Finance Review

2025

How can Zimbabwe create the necessary fiscal space to absorb quasi-fiscal expenditures, reverse its upward trend in public debt, and support macroeconomic stability? Zimbabwe is faced with an unsustainable and growing stock of public debt. To service this debt, the Reserve Bank of Zimbabwe (RBZ)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372421

Government debt and inflation : a cross-country investigation of the fiscal theory of the price level

Weber, Philipp; Feld, Lars P. - 2025

In the early 2020s sharp surge of inflation, unprecedentedly high levels of government debt and deficits fueled attention for the Fiscal Theory of the Price Level (FTPL). This theoretical framework for fiscally induced inflation is well-known and controversially discussed. However, empirical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374640

Monetary-fiscal policy mix and inflation in Korea

Chon, Sora; Kim, Wongi; Shim, Seri - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334855

Distributed optimization in public economics via decentralized public finance : a proposal for the spatial distribution of public goods and services

Papastaikoudis, Ioannis; Prodromídis, Pródromos-Ioánnis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015420830

Cabo Verde Public Finance Review

2025

Cabo Verde has long been a story of economic success, but growth decelerated in the last decade and has become more volatile - with implications for fiscal performance. Economic growth and social indicators improved significantly after the country's independence from Portugal in 1975, driven by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015424950

A game-theoretic foundation for the fiscal theory of the price level

Norman, Thomas W. L.; Willems, Tim - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464488

Government expenditure shocks and inflation : a new fiscal policy rule with monetary and fiscal interactions

Garcia-Barragnan, Fernando; Liu, Guangling - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407699

Guatemala Public Finance Review

2025

This Public Finance Review (PFR) is the first since 2013, and it complements other World Bank Group advisory support and analytics. The PFR updates the fiscal analysis with data from 2013 through 2023 and expands into areas not previously covered, such as revenues, fiscal risks, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015411926

Fiscal regimes and sustainability : insights from post-war Germany

Afonso, António; Jablonowski, Joshua - 2025

This paper investigates fiscal sustainability and the prevailing fiscal regime in the Federal Republic of Germany. Using annual data from 1950 to 2023, the long-term relationship between the primary balance and government debt is estimated using a single-equation error correction model (SECM)....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455837

Mongolia Public Finance Review

2025

This background note provides more detail on the key findings for the health sector from the forthcoming World Bank 2025 Mongolia Public Finance Review. It is intended for policymakers and practitioners who are interested to know more about the efficiency of health spending in Mongolia. It can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441481

Direct democracy and state government finances

Heim, Rino; Marxer, Benedikt - 2025

This paper examines the causal impact of citizen-initiated ballot measures, defined as initiatives and veto referendums, on state government revenues and expenditures. Across U.S. states, direct democratic institutions have been introduced at different points in time, creating a setting that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015551306

Distributed public economics and decentralized

Papastaikoudis, Ioannis; Prodromídis, Pródromos-Ioánnis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641678

An analysis of ASN (2021–2023) and its effects on academic recruitment in public economics

Dell' Anno, Roberto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015481580

Active vs. passive policy and the trade-off between output and inflation in HANK

Kwicklis, Noah - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560847

al- Zaytoonah University journal of business

al-Zaytoonah University of Jordan - Amman : Al-Zaytoonah University of Jordan - Vol. 1, no. 1 (2025)-

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664266

Optimal monetary policy rules in the fiscal theory of the price level

Chafwehé, Boris; De Beauffort, Charles; Oikonomou, Rigas - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459599

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Optimal monetary policy rules in the fiscal theory of the price level

Chafwehé, Boris; De Beauffort, Charles; Oikonomou, Rigas - 2022

Book / Working Paper

Managing the inflation-output trade-off with public debt portfolios

Chafwehé, Boris; De Beauffort, Charles; Oikonomou, Rigas - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015051850

On the mechanics of fiscal inflations

Bassetto, Marco; Benzoni, Luca; Hall, Jason - 2024

The goal of this paper is twofold. First, we wish to better explain the relationship between Sargent and Wallace's (1981) unpleasant monetarist arithmetic, the closely connected fiscal theory of the price level (FTPL), and the monetarist view of inflation. Second, we discuss how the recent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634111

Exiting from quantitative easing in an era of large government debt : inflation or default?

Niwa, Hidekazu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015066374

The effect of monetary policies on inflation : A fiscal perspective

Jiang, Shifu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015077959

Cameroon Public Finance Review

2024

Developments over the past few years, which include the COVID-19 pandemic and subsequent polycrisis, conflict in several of Cameroon's regions, and fiscal consolidation, have left Cameroon in an extremely tight fiscal situation. The COVID-19 pandemic and the subsequent polycrisis have had averse...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015113906

Unique implementation of permanent primary deficits?

Amol, Amol; Luttmer, Erzo Gerrit Jan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015127442

Can growth stabilize debt? : a fiscal theory perspective

Schmöller, Michaela; McClung, Nigel - 2024 - Updated 14 June 2024

This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Endogenous growth constitutes a self-financing mechanism for deficits which backs debt and attenuates fiscal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130300

Armenia Public Finance Review

2024

Armenia has made significant progress in its development journey by improving its ability towithstand shocks and becoming an upper-middle-income country in 2018. Armenia's GDP per capita more than doubled between 2017 and 2023, to USD 8,053 (current prices) despite several shocks including the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015179303

South African inflation response to fiscal policy shocks

Buthelezi, Eugene Msizi - 2024

The research employs Bayesian Vector Autoregressions with hierarchical priors to analyze the intricate economic implications of fiscal policy shocks on inflation, monetary policy, and fiscal authorities in the context of South Africa. The study explores data spanning from 1979 to 2022. Contrary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196300

Use and abuse of the concept of "excess burden" in the theory of public finance

Sepúlveda, Cristián - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405722

Managing the inflation-output trade-off with public debt portfolios

Chafwehé, Boris; De Beauffort, Charles; Oikonomou, Rigas - 2024

When taxes do not sufficiently adjust to government debt levels, the Fiscal Theory of the Price Level predicts that other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role of optimal debt maturity portfolios in this context,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014578187

Cambodia Public Finance Review

2024

During the last decade Cambodia succeeded in achieving significant domestic resource mobilization which in turn enabled a rapid expansion of social spending. During the next decade it should shift from spending more to spending better. This Public Finance Review (PFR) informs the next phase of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014579948

The economics of public procurement

Decarolis, Francesco; Srhoj, Stjepan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619061

Putting the "finance" into "public finance" : a theory of capital gains taxation

Aguiar, Mark; Moll, Benjamin; Scheuer, Florian - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620737

Public Economics and Democracy : The Moral Foundations of Economic Governance

Karimzadi, Shahzavar - 2026

1. The binary of political economy 2. Tapestry of human knowledge 3. Taxonomy of moral judgement 4. Formation and evolution of the state system 5. State taxations and finances 6. Sovereign debts and public finances

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655061

"The charm of emission trading" : ideas of German public economists on economic policy in times of crises

Reinke, Rouven; Porak, Laura - 2023

Economists have become very influential intellectuals in our contemporary society. The scientific knowledge produced by the discipline and the academic status of economists can be considered as a decisive power resource in media debates and politics. The current state of economics has been...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014233538

North Macedonia Public Finance Review - Education

2023

This section of the Public Finance Review (PFR) assesses the level, quality, efficiency, and equity of public spending on education in North Macedonia and recommends policies that could increase efficiency as well as outcomes. It also examines the status of recent education reforms in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014249819

The New Fiscal Sociology : A Study of Universal Self-Assessment Taxpayers in Bangladesh

Mannan, Dr Kazi Abdul; Farhana, Dr Khandaker Mursheda; … - 2023

Economists and sociologists recognize taxation as an important element of the life of individuals. As the tax system and policies of each country reflect the characteristics of the country's social, political, cultural and economic structure, tax systems differ according to the characteristics...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350590

Bulgaria Public Finance Review 2023

2023

Bulgaria has traditionally adhered to fiscal discipline and prudent fiscal policy since the introduction of its currency board arrangement in mid-1997. After a gradual decline in the 2000s, public debt has remained among the lowest in the European Union (EU), hovering in a narrow band between 17...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014454364

International cooperation in research : cooperative doctorates in finance

Bülbül, Dilek - 2023

Research has gained in importance at universities of applied sciences in recent years. However, a lack of suitable doctoral opportunities for their own graduates can be observed. When looking for university partners for cooperative doctorates, graduates of university of applied sciences continue...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014456535