Results 11 to 20 of about 39,124 (306)
Measuring the fiscal governance instruments: a synthetic index for EU countries
The aim of the paper is to examine the collective effect of fiscal governance instruments (i.e., fiscal rules, medium-term budgetary frameworks, independent fiscal institutions) on the fiscal outcomes of EU member states.
SLAWOMIR FRANEK, MARTA POSTULA
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Fiscal Responsibility Legal Framework—New Paradigm for Fiscal Discipline in the EU
This paper aims at studying the legal aspects of the European Union (EU)’s fiscal policy, analyzing the statute of fiscal responsibility legal framework, the different measures undertaken in the last years with respect to European trends in fiscal ...
Mihaela Tofan +2 more
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Fiscal councils as a mechanism for establishing fiscal discipline [PDF]
Under the impact of the global economic crisis, the contemporary budget systems have been subject to extensive reforms. There is a growing number of scholars advocating the establishment of fully independent fiscal institutions which would be in charge ...
Anđelković Mileva
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Fiscal institutions and fiscal performance [PDF]
Η δημοσιονομική απειθαρχία και η μεροληψία των μακροοικονομικών προβλέψεων έχουν αυξήσει το ενδιαφέρον για τη δημιουργία δημοσιονομικών θεσμών (εθνικοί δημοσιονομικοί κανόνες, ανεξάρτητα δημοσιονομικά συμβούλια). Μετά την πρόσφατη οικονομική κρίση, η ΕΕ ενίσχυσε την δημοσιονομική της διακυβέρνηση με ποικίλους τρόπους με αποτέλεσμα την επίτευξη βιώσιμων
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Fiscal Institutions, Fiscal Policy and Sovereign Risk Premia [PDF]
We investigate the effect of fiscal institutions such as the strength of the finance minister in the budget process and deficits on interest spreads contained in bond yields of the countries now belonging to the Eurozone. Deficits significantly increase risk premia measured by relative swap spreads.
Hallerberg, Mark, Wolff, Guntram B.
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EU Fiscal Governance Reforms: A Perspective of Independent Fiscal Institutions
The fiscal framework needs in practice to achieve a balance between, on the one hand, effective budgetary rules that allow governments to commit to sound policies and, on the other, judgements and discretion in how these are applied so that the framework
Sebastian Barnes
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Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019
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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This paper investigates the relationship between fiscal policy, institutions, and economic growth and also the role of the institution in Asian economies between 1982 and 2001 through the application of Pedroni’s Cointegration approach.
Hussin Abdullah +2 more
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Measurement of Fiscal Council Independence in the Countries of the European Union
Recent years have noted a strengthening of institutional solutions serving the improvement of budgetary standing in many countries. One such solution is the functioning of independent fiscal institutions, also known as fiscal councils.
Sławomir Franek
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The Mundell‑Fleming Model and Macroeconomic Stabilization Policies
This paper analyzes the fiscal policy implications set in the Mundell‑Fleming (M‑F) model and its effectiveness in emerging economies. It also widens the scope of the policy mix with alternative exchange rates.
Erico Wulf Betancourt, Ryszard Piasecki
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