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The effects of fiscal institutions on fiscal adjustments

2022
Using a panel of 40 advanced economies over the period 1990-2020 this paper investigates the effect of various characteristics of fiscal councils and fiscal rules on the probability of starting a fiscal adjustment, as well as on the probability that this fiscal adjustment will be successful.
Christos Chrysanthakopoulos   +1 more
openaire   +1 more source

Inflation and Fiscal Policy: Is There a Threshold Effect in the Fiscal Reaction Function?

The Economists’ Voice, 2023
Abstract The euro area, like other advanced economies, faced high inflation over the past years. We analyse empirically the impact of inflation on public finances in the euro area, focusing on the question of whether at such high levels, inflation could have a different impact on the primary budget balance.
Briodeau, Clémence   +1 more
openaire   +2 more sources

Fiscal Rules in India: are they Effective? [PDF]

open access: possible, 2012
AbstractThis article considers India's experience with fiscal (responsibility) rules during the past decade. The article first provides an analytical foundation on how to think about debt sustainability in the Indian context. It argues that the fiscal space “vacated” in recent years by states has been usurped by the central government.
Buiter, Willem H., Patel, Urjit R.
openaire   +2 more sources

The fiscal effects of political tenure

Journal of Economic Behavior & Organization
We investigate how the tenure of ruling parties and coalitions shapes government spending through intra-governmental negotiations. We assemble a comprehensive dataset covering four decades and including both established and emerging democracies to develop a novel measure of accumulated tenure in office for ruling parties or coalitions since the ...
Andrea Cintolesi   +2 more
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Assessing the Effects of Fiscal Shocks [PDF]

open access: possible, 1999
This paper investigates the response of real wages and hours worked to an exogenous shock in fiscal policy. We identify this shock with the dynamic response of government purchases and tax rates to an exogenous increase in military purchases. The fiscal shocks that we isolate are characterized by highly correlated increases in government purchases, tax
Craig Burnside   +2 more
openaire   +1 more source

THE EFFECTS OF FISCAL POLICY IN KOREA

International Economic Journal, 1988
This paper investigates whether a neoclassical model can explain output and investment in Korea. The model disaggregates government purchases into defense purchases, nondefense consumption purchases and government investment and splits each of these into a permanent component and a transitory component.
openaire   +1 more source

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