Results 221 to 230 of about 9,905 (260)
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1998
What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization?
George Kopits, Steven A. Symansky
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What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization?
George Kopits, Steven A. Symansky
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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.
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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.
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Fiscal rules: the imitation game
Applied Economics, 2023DR LEO - Working paper 2022 ...
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SSRN Electronic Journal, 2009
Local governments often enjoy "home rule," in the sense that they are able to initiate legislation concerning municipal affairs without obtaining the prior consent of the state legislature. At the same time, these localities often are able to exercise limited discretion over revenue raising.
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Local governments often enjoy "home rule," in the sense that they are able to initiate legislation concerning municipal affairs without obtaining the prior consent of the state legislature. At the same time, these localities often are able to exercise limited discretion over revenue raising.
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Monetary Policy and Fiscal Rules
The B.E. Journal of Macroeconomics, 2004This paper studies the performance of monetary policy under alternative flscal regimes in a dynamic New Keynesian optimizing general equilibrium model with wealth efiects. The interactions between flscal policy and interest rate rules are shown to have relevant implications for the existence of a unique rational expectations equilibrium.
ANNICCHIARICO, BARBARA +2 more
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Fiscal rules and fiscal counter-cyclicality
Economics Letters, 2018Abstract We assess the effect of fiscal rules on a new time-varying measure of fiscal counter-cyclicality computed for 60 countries over the period 1980–2014. First, we find that fiscal counter-cyclicality is positive and has been increasing over time, being larger in advanced economies.
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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 ...
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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 ...
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, 2004 Revisiting the rules of life for viruses of microorganisms
Nature Reviews Microbiology, 2021Adrienne M S Correa +2 more
exaly