Results 41 to 50 of about 55,077 (306)
The potential growth impact of fiscal consolidations
Economic Journal of Emerging Markets, 2021 Purpose - This paper aims at analyzing the feasibility of fiscal consolidation implementation in the case of Indonesia. The main question to be investigated is whether fiscal consolidation will deteriorate economic growth or not.
Haryo Kuncoro
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Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie, 2017 According to a familiar two-country Mundell-Fleming framework, the policy of fiscal austerity in Germany should be restrictionary for other European countries with a floating exchange rate, while there is a possibility of an expansionary effect for ...
Viktor Shevchuk, Roman Kopych
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Fiscal Austerity, Unemployment and Family Firms [PDF]
SSRN Electronic Journal, 2015 I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non-family firms behave differently in the labor market and are differently managed.
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Signalling creditworthiness with fiscal austerity
European Economic Review, 2022 Sovereign borrowers may tighten their fiscal stance in order to signal their creditworthiness to lenders. In a model of sovereign debt with incomplete information, I show that a trustworthy country may reduce its debt beyond the optimal level in order to separate itself from less reliable countries.
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Austerity, fiscal volatility, and economic growth [PDF]
SSRN Electronic Journal, 2014 This paper contributes to the ongoing debate on the relationship between austerity measures and economic growth. We propose a general equilibrium model where (i) agents have recursive preferences; (ii) economic growth is endogenously driven by investments in R&D; (iii) the government is committed to a zero-deficit policy and finances public ...
Curatola, Giuliano Antonio +3 more
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Book Review: Austerity: When It Works and When It Doesn't
Quarterly Journal of Austrian Economics, 2019 A new book by Harvard economist Alberto Alesina, and Carlo Favero and Francesco Giavazzi, both of the University Bocconi, _Austerity: When It Works and When It Doesn't_ empirically assesses the fiscal measures implemented by 16 developed economies since ...
Mark Thornton
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Un-anticipated oil price shocks and fiscal austerity in OPEC+ nations
Financial InnovationThis study explores the extent to which OPEC+ nations have abandoned fiscal austerity in response to both anticipated and unexpected oil price fluctuations. To analyze this, we construct fiscal austerity indicators that reflect reduced budgets, increased
Xiaodan Zhu, Waqar Ameer, Kazi Sohag
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Agribusiness, EarlyView.ABSTRACT This study examines food price inflation rate convergence among EU27 Member States from 2005 to 2024, focusing on structural breaks, external shocks, and regional disparities. Using panel unit root tests and club convergence analysis, the findings reveal no overall convergence but identify multiple convergence clubs.
Tibor Bareith, Imre Fertő
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CARDIM DE CARVALHO AND THE POST KEYNESIANS ON FISCAL POLICY: THE ECONOMIC CONSEQUENCES OF AUSTERITY
Revista de Economia Contemporânea, 2020 This paper discusses the role of austerity policies in the long-run path of the economy, from a Post Keynesian perspective. Our starting points are the role of aggregate demand to determine output in the short and long run and the importance of fiscal ...
Gilberto Libanio
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Austerity in the Baltic States during the global financial crisis [PDF]
, 2013 The Baltic states were arguably the countries most severely affected by the global financial crisis. This article discusses the boom preceding the crisis, the ensuing austerity policies and the economic effects of these policies.
Staehr, Karsten
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