Results 11 to 20 of about 1,721,960 (293)
Fiscal sustainability in Romania
Theoretical and Applied Economics, 2020 In this paper we have tested the Romanian fiscal sustainability during the period between. In this way. In this regard, we analyzed the relationship between the public debt and primary budget deficit, and between public expenditure and public revenue in ...
Ioan-Radu PETRARIU +3 more
doaj +1 more source
Determinants and consequences of fiscal procyclicality and sustainability [PDF]
, 2012 A countercyclical fiscal policy combined with sustainable fiscal finances is considered to be one of the most important objectives in modern economic policy.
Park, Junho
core +5 more sources
Fiscal Equalization Schemes and Fiscal Sustainability [PDF]
SSRN Electronic Journal, 2012 Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examinewhether German state governments pursue sustainable fiscal policies taking intoaccount fiscal equalization transfers.
Niklas Potrafke, Markus Reischmann
openaire +5 more sources
Fiscal sustainability in a new Keynesian model - additional appendix [PDF]
, 2012 Additional appendix relating to the article 'Fiscal sustainability in a new Keynesian model', forthcoming in the Journal of Money, Credit and ...
Wren-Lewis, S., Leith, C.
core +5 more sources
Fiscal Transfers and Fiscal Sustainability [PDF]
Journal of Money, Credit and Banking, 2014 We examine whether the U.S. and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt‐to‐GDP ratio had a positive influence on the primary surplus (Bohn model). We show that including/excluding fiscal transfers changes the results.
Niklas Potrafke, Markus Reischmann
openaire +3 more sources
IMF Working Papers, 2004 The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of fiscal and ...
openaire +3 more sources
An efficient test of fiscal sustainability [PDF]
Applied Economics Letters, 2010 We suggest using the efficient test with prespecified cointegration vectors of Horvath and Watson (1995) for the ‘strong’ fiscal sustainability hypothesis. Unlike this procedure, conventional methodologies tend to penalize the sustainability hypothesis.
Gabriel, VJ, Sangduan, P
openaire +6 more sources
Fiscal Sustainability, Fiscal Reactions, Pitfalls and Determinants
SSRN Electronic Journal, 2022 We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to- GDP ratio; and public debt-to-GDP ratio and one-period lagged primary ...
António Afonso, José Carlos Coelho
openaire +3 more sources
Concept of Vertical Fiscal Imbalance in the Analysis of Fiscal Sustainability at the Regional Level [PDF]
Финансовый журнал, 2021 The paper analyzes the concept and indicator of vertical fiscal imbalance (VFI) and its capability in assessing the creditworthiness (debt sustainability) of Russian regions.
Аnna A. Mikhaylova, Evgeny N. Timushev
doaj +1 more source
Fiscal Sustainability in the EU
Atlantic Economic Journal, 2018 We assessed the sustainability of fiscal policy in the 28 European Union countries over the 1980-2015 years. Panel unit root tests in the presence of cross-sectional dependence showed that government revenues, expenditures, the primary balance, and debt were non-stationary series. However, cointegration tests reveled that a long-run relationship exists
Gordon Brady, COSIMO MAGAZZINO
openaire +3 more sources