Results 11 to 20 of about 230,536 (293)
A Reformist Thought to Fiscal Reform and Budget Management
The Fiscal Reform and Budget Management (FRBM) Act 2003 (and its subsequent amendments) and similar fiscal responsibility laws were legislated to rein in fiscal deficits often driven by factors other than economic imperative.
Anshuman Kamila +2 more
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Fiscal dominance and exchange rate stability in Nigeria
This study investigates fiscal dominance and exchange rate stability in Nigeria. The period of investigation spanned 1981q1–2018q4, and the Structural Vector Autoregression (SVAR) technique was employed to test the fiscal dominance hypothesis and further
Taofeek Olusola Ayinde +1 more
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Policy mix in a small open emerging economy with commodity prices
The article analyzes the interaction between monetary and fiscal policy in Mexico. We calibrated a semi-structural model for a small open economy, based on Aguilar and Ramírez-Bulos (2018), for Mexico by using quarterly data from 2001Q1 to 2019Q4.
Marine C. André +3 more
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Fiscal Deficits and Current Account Deficits
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Michael Kumhof, Douglas Laxton
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Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a new modeling approach that incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to
Luis Catão, Marco Terrones
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Fiscal deficits, international trade and welfare [PDF]
Abstract The effects of fiscal deficits on welfare, interest rates and the balance of payments are examined in an open-economy, overlapping-generations model. A deficit reduces welfare of the current old and the domestic unborn. The foreign unborn gain while the current foreign young may gain or lose.
Fried, Joel, Howitt, Peter
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TWO STEPS OF RICARDIAN EQUIVALENCE: AN EVIDENCE IN INDONESIA
Ricardian Equivalence was analyzed through the influence of deficit fiscal policy on consumption, the fiscal deficit policy of Soeharto regime and reform had a difference, the difference lied in the policy as outline in the government budgets preparation.
ADHITYA WARDHONO +3 more
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Fiscal decentralization and deficits: International evidence [PDF]
Abstract This paper investigates macroeconomic effects of fiscal decentralization, which has been a neglected area of research. Panel evidence for 16 countries over 1980–1998 indicates that expenditure and revenue decentralization reduce budget deficits.
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Assessing the short-and long-run relationships between fiscal deficit and economic growth in Morocco [PDF]
Type of the article: Research Article AbstractThis paper aims to investigate the short- and long-term relationships between fiscal deficit and economic growth in Morocco over the period 1985–2024.
Mohammed Hennach, Abdellah Echaoui
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Fiscal Deficits and Currency Crises [PDF]
This paper investigates currency and financial crises in an optimizing general equilibrium model. It is shown that a rise in current and expected future budget deficits generates a real exchange rate appreciation and a decumulation of external assets, leading up to a currency crisis when foreign reserves approximate a critical level.
Giancarlo Marini, Giovanni Piersanti
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