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Concept of Vertical Fiscal Imbalance in the Analysis of Fiscal Sustainability at the Regional Level [PDF]
Финансовый журнал, 2021 The paper analyzes the concept and indicator of vertical fiscal imbalance (VFI) and its capability in assessing the creditworthiness (debt sustainability) of Russian regions.
Аnna A. Mikhaylova, Evgeny N. Timushev
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Fiscal Policy and the Economics of Financial Balances [PDF]
European Journal of Economics and Economic Policies: Intervention, 2009 This paper presents the main features of the macroeconomic model being used at The Levy Economics Institute of Bard College, which has proven to be a useful tool in tracking the current financial and economic crisis. We investigate the connections of the model to the “New Cambridge” approach, and discuss other recent approaches to the evolution of ...
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The Implications of the Measures Aiming Economic Recovery During the Pandemic Upon the Fiscal Management Strategy in Romania [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2021 In the current socio-economic context, the recovery of the Romanian economy involves new challenges regarding the balance between the financing need and the output of the economy affected by the economic crisis.
Cristian MIRICA +2 more
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Public debt sustainability in Serbia before and during the global financial crisis [PDF]
Ekonomski Anali, 2016 We have analyzed the behaviour of primary fiscal balance and public debt in Serbia before and in the aftermath of the global financial crisis. The results of our analysis are: i) public debt to GDP ratioexhibits (near) unit root behaviour with ...
Andrić Vladimir +2 more
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Countercyclical fiscal policy in South Africa: Role and iImpact of automatic fiscal stabilisers
South African Journal of Economic and Management Sciences, 2003 As actual budget balances reflect both cyclical developments and discretionary measures, they are not very useful when seeking to assess the orientation of underlying fiscal policy and possible structural imbalances in the budget balance.
JA Swanepoel, NJ Schoeman
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Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019
Economies, 2022 This paper examines the factors that influence the effectiveness of fiscal governance in the EU through a panel of 19 Eurozone countries for the period 1999–2019 using an OLS method. The results show the positive effects of economic growth, inflation and
Panagiotis Liargovas, Vasilis Pilichos
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Debt Management and the Fiscal Balance [PDF]
Review of Political Economy, 2020 This paper presents a method for integrating debt management into fiscal policy using principles derived from the work of Kalecki. It proposes dividing the government budget into a functional budget containing taxes and expenditure that may affect expenditures in the non-financial economy, and a financial budget containing taxes on wealth and higher ...
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Fiscal Policy and the Government Balance Sheet in China
IMF Working Papers, 2023 In this paper, we present the most comprehensive estimates of China’s government balance sheet to date. Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the Covid-19 pandemic.
W. Raphael Lam, Marialuz Moreno Badia
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VACAS GORDAS Y VACAS FLACAS: LA POLÍTICA FISCAL Y EL BALANCE ESTRUCTURAL EN MÉXICO, 1990-2009
Estudios Económicos, 2010 Se estima el cálculo del balance estructural del sector público (BESP) para la economía mexicana de 1990 a 2009. Los resultados indican que, a pesar de que la política fiscal muestra un carácter procíclico durante la mayor parte del periodo estudiado, en
Juan Carlos Chávez Martín del Campo +2 more
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Structural fiscal balance Costa Rica 1998 – 2014
Revista de Ciencias Economicas, 2017 This article presents a structural fiscal balance for the Costa Rican economy. The structural balance is an ex-post indicator of fiscal policy performance which attempts to contribute to the development of a fiscal rule. In order to derive this indicator
Daniel Rojas
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