The dynamics of Italian public debt: Alternative paths for fiscal consolidation [PDF]
This paper analyses possible targets for the Italian debt-to-GDP ratio with a small macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate, and ECB monetary policy ...
Casadio, Paolo +2 more
core +1 more source
Temporary VAT Reduction in Vietnam: Consumer Behavior Analysis
ABSTRACT This study investigates the impact of temporary VAT rate changes on consumer behavior in Vietnam, particularly concerning the VAT reduction implemented during 2023–2024. The research analyzes annual survey data and household expenditure reports to assess changes in consumer spending on durable goods during the first half of 2024 (2024 H1 ...
Hang Thi Thu Trinh
wiley +1 more source
From Reactive to Proactive Volatility Modeling With Hemisphere Neural Networks
ABSTRACT We revisit maximum likelihood estimation (MLE) for macroeconomic density forecasting through a novel neural network architecture with dedicated mean and variance hemispheres. Our architecture features several key ingredients making MLE work in this context.
Philippe Goulet Coulombe +2 more
wiley +1 more source
Public debt management in Serbia during transition, great recession and Covid-19 pandemic
This paper examines the nonlinear asymmetric behavior of the public debt/GDP ratio in Serbia in the first two decades of economic transition following the political and market reforms initiated at the beginning of the twenty-first century.
Vladimir Andrić
doaj
The effect of government spending on the debt-to-GDP ratio in the medium term
Abstract Using the dynamic model proposed by Leão and Leão (2024), this paper argues that, in an economy situated below full employment, an increase in government spending may reduce the debt-to-GDP ratio in the medium term. The reason is the following one. Through the so-called “paradox of investment”, a fiscal stimulus triggers a multi-year
Emanuel Reis Leão, Pedro Reis Leão
openaire +1 more source
CSR disclosure and investment efficiency in MENA countries: The moderating role of CSR committee
ABSTRACT Corporate social responsibility disclosure (CSRD) is often recognized as a transparency mechanism that allows companies to communicate their commitment to CSR. However, CSRD may also exacerbate agency conflicts. This study addresses these two contrasting perspectives by investigating the impact of CSRD on investment efficiency and exploring ...
Mohamed Malek Belhoula +3 more
wiley +1 more source
Assessing Sustainability of the Irish Public Debt [PDF]
This paper utilizes a small-scale econometric model to study the dynamics of the Irish debt-to-GDP ratio. The role of world GDP growth, domestic GDP growth, real effective exchange rate, interest rate and primary balance is analyzed in the debt dynamics.
Kumar, Saten, Paradiso, Antonio
core +1 more source
The Role of Governance in Shaping CSR and Financial Outcomes in Portuguese SMEs
ABSTRACT This study examines the influence of corporate governance mechanisms on financial performance and Corporate Social Responsibility (CSR) investments in Portuguese‐listed small and medium‐sized enterprises (SMEs). This research explores how governance structures, such as board size, CEO duality, and board independence, affect both financial ...
Renato Pereira +3 more
wiley +1 more source
Fiscal policies, the current account and Ricardian equivalence [PDF]
This paper analyses the empirical relationship between fiscal policy and the current account of the balance of payments and considers how Ricardian equivalence changes this relationship.
Nickel, Christiane +1 more
core
Public debt sustainability in Western Balkan countries [PDF]
In this work we analyse framework for debt sustainability assessment (DSA), which is used by IMF country teams for the projections of mid-term debt-to-GDP ratio.
Bradić-Martinović, Aleksandra +1 more
core

