Results 11 to 20 of about 370,468 (305)
Japan's fiscal policy and fiscal reconstruction [PDF]
International Economics and Economic Policy, 2005 This paper investigates the macroeconomic effects of fiscal policy and the fiscal reconstruction movement in Japan. We first summarize Japan's fiscal policy in recent years and discuss advantages and disadvantages of government deficits. Next, we investigate the macroeconomic effects of Japanese fiscal policy and evaluate the plausibility of non ...
Toshihiro Ihori, Atsushi Nakamoto
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Monetary-Fiscal Policy Interactions and Fiscal Stimulus [PDF]
SSRN Electronic Journal, 2009 Increases in government spending trigger substitution effects — both inter- and intra-temporal — and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy typically find that government consumption crowds out private ...
Davig, Troy, Leeper, Eric M.
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Fiscal Decentralization, Fiscal Rules and Fiscal Discipline [PDF]
SSRN Electronic Journal, 2013 Fiscal decentralization (FD) and fiscal rules (FR) are institutional mechanisms that have been implemented in increasing number of countries by varying measures. This paper investigates empirically the effect of FR on the effectiveness of FD in achieving fiscal discipline.
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Fiscal Decentralisation and Local Government Financing in Serbia and Montenegro [PDF]
, 2016 This book focuses on the fiscal decentralisation processes and the systems of local government financing in Serbia and Montenegro in the period 2000-2015.
Kaluđerović, Jadranka +3 more
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Fiscal shocks and fiscal risk management [PDF]
Journal of Monetary Economics, 2001 Abstract We use the returns on a set of international financial securities to identify exogenous shocks to the Canadian federal surplus. We find that a large portion of the variation in the surplus can be replicated by a linear combination of these returns and that the recent rise in debt resulted from adverse shocks and a delayed response by the ...
Huw Lloyd-Ellis, Xiaodong Zhu
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Fiscal Equalization Schemes and Fiscal Sustainability [PDF]
SSRN Electronic Journal, 2012 Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examinewhether German state governments pursue sustainable fiscal policies taking intoaccount fiscal equalization transfers.
Niklas Potrafke, Markus Reischmann
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Updating the UK’s code for fiscal stability [PDF]
, 2004 The 1998 Code for Fiscal Stability sets out the framework within which UK fiscal policy is now set. While having such a code does not make it easier for a Government to meet its fiscal objectives, it may improve the economic credibility of the policy ...
Carl Emmerson +8 more
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The Fiscal Smile: The Effectiveness and Limits of Fiscal Stabilizers [PDF]
IMF Working Papers, 2003 We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high levels.
Maria Antoinette Silgoner +2 more
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Inflazione, disoccupazione e crescita economica.
Moneta e Credito, 2014 Although even before the end of World War II the world was preparing itself to fight a relapse into stagnation, the harrowing role inflation was to have as a constant in the post-war economic scene was scarcely perceived.
G. MAGNIFICO
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Trust in government and fiscal adjustments : [Version 4 June 2013] [PDF]
, 2013 The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but
Bursian, Dirk +3 more
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