Results 211 to 220 of about 520,326 (254)
SSRN Electronic Journal, 2013 This paper studies the welfare effect of restrictions imposed on government debt and deficit. The analysis is conducted in a sovereign default framework with endogenous default decisions. In addition to the conventional exponential discounting preferences the paper also studies a specification, in which agents have self-control problems.
David Gomtsyan
openaire +2 more sources
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Committed to flexible fiscal rules
Journal of Monetary Economics, 2023We study the impact of fiscal rules on macroeconomic performance following natural disaster shocks, using dynamic panel models and quarterly data for 89 countries. We find that countries with fiscal rules perform significantly better in the aftermath of such shocks than countries without rules.
Christoph Grosse-Steffen +2 more
openaire +2 more sources
Fiscal Rules in India: are they Effective? [PDF]
, 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 Economic Consequences of Fiscal Rules
SSRN Electronic Journal, 2023Fiscal rules are controversial. They mitigate politicians' flexibility in responding to shocks and pursuing expansionary fiscal policy. They help, however, to handle politicians' commitment problem in fiscal policies. I portray the new and fast growing empirical literature in public economics that examines the economic consequences of fiscal rules. The
openaire +2 more sources
Fiscal Rules, Fiscal Institutions, and Fiscal Performance [PDF]
Economic and Social Review, 2002 Public spending is a story of some people spending other people?s money. In modern democracies, voters elect politicians to make decisions about public spending for them, and they provide the funds by paying taxes. Two aspects of this story are worrying and have received considerable academic interest in recent years.
openaire +1 more source
Can fiscal rules improve financial market access for developing countries?
Journal of Macroeconomics, 2020 Pegdéwendé Nestor Sawadogo
exaly +3 more sources
2018
James Buchanan pioneered the political economics of public debt 60 years ago. In this paper, we contrast his thinking of the burden of debt, the public choice mechanisms that lead to excessive debt and the demand for constitutional restraints on public debt with its development, its sustainability, the evidence on the political economy of debt and on ...
openaire +2 more sources
James Buchanan pioneered the political economics of public debt 60 years ago. In this paper, we contrast his thinking of the burden of debt, the public choice mechanisms that lead to excessive debt and the demand for constitutional restraints on public debt with its development, its sustainability, the evidence on the political economy of debt and on ...
openaire +2 more sources
Monetary Policy and Fiscal Rules
The B.E. Journal of Macroeconomics, 2004This paper presents a Dynamic New Keynesian model with wealth effects to study the performance of monetary policy under Ricardian and non-Ricardian fiscal regimes. The model is calibrated to euro area quarterly data. The interactions between fiscal policy and interest rate rules have critical implications for equilibrium uniqueness. Within the class of
ANNICCHIARICO, BARBARA +2 more
openaire +2 more sources
The perils of fiscal feedback rules
Journal of Economic TheoryzbMATH Open Web Interface contents unavailable due to conflicting licenses.
Menuet, Maxime +2 more
openaire +3 more sources