Results 11 to 20 of about 10,300 (262)
A Comparison of German, Swiss, and Polish Fiscal Rules Using Monte Carlo Simulations
This paper assesses the economic implications of existing fiscal rules in Poland, Switzerland and Germany. In the analysis, we establish economic relationships between output, government revenues and expenditures, estimating a VAR model based on US data ...
Adam Pigoń, Michał Ramsza
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European Union’s Fiscal Rules and New Financial Instruments for 2021- 2027: Bulgaria’s Case Study [PDF]
Fiscal policymaking of the Member States aims to follow fiscal rules through the economic cycle that ensure macroeconomic sustainability in the European Union (EU).
Iana Paliova
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The long-lasting post-covid symptom: The case for the EU fiscal rules reform? [PDF]
The paper investigates compliance with the EU fiscal rules in the period 1992-2020. The EU fiscal rules are prescribed as guidelines and represent a typical example of the soft law approach.
Babin Mihajlo, Ivanov Iva, Erić Miloš
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Monetary Rules and Fiscal Feedback Rules [PDF]
Based on a Cobb-Douglas social welfare function in terms of the utilities of two concurrent generations, this paper derives a Pareto-efficient, envy-free, and equitable interest rate rule supported by a nonlinear-tax feedback rule in case of steady-state disturbance.
Gerasimos T. Soldatos +1 more
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Abstract Fiscal policy has recently been encouraged to increase competition, monitor Africa’s debt to GDP and improve its economic growth. Importantly, the present fiscal situation in most African countries will seem to have significant consequences for both public and private investments.
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Fiscal Rules, Fiscal Space and Procyclical Fiscal Policy [PDF]
In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this effect is significantly reduced if fiscal rules are in place. A
Nerlich, Carolin, Reuter, Wolf Heinrich
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This paper introduces a dataset that gathers information on whether and how Latin America and the Caribbean (LAC) have complied with or deviated from implemented fiscal rules. It provides annual data on fiscal rules for 14 LAC countries from 2000 to 2020,
Carolina Ulloa-Suarez, Oscar Valencia
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Constitutionalisation of Fiscal Rules in Times of Financial Crises – a Cure or a Trap?
The global financial crisis of 2008 undoubtedly had a significant impact on the constitutional regulation of economic and financial matters. As a consequence of economic downturn six EU Member States (
Łukasz Kielin
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NUMERICAL FISCAL RULES PRECURSOR OF FISCAL PERFORMANCE [PDF]
Tax rules and other institutional and economic factors can, in principle, either exacerbate or mitigate the procyclicality of tax policy. In the wake of the global financial crisis, the sustainability of public finances has become one of the most ...
ENE SIMONA MARIA
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Fiscal rules are a tool for disciplining fiscal policy and ensuring the balance in public finances. The article is devoted to the fiscal rules in force in Poland.
Anna Kawarska
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