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Fiscal Transfers and Fiscal Sustainability [PDF]
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
Fiscal sustainability in the GCC countries
We explore the fiscal sustainability in the six Gulf Cooperation Council (GCC) countries over the period 1990–2017. Panel unit root tests in presence of cross-sectional dependence for government revenues, expenditures, the primary balance, and debt reach
Cosimo Magazzino
semanticscholar +1 more source
Fiscal sustainability and fiscal risk in the EU: forecasts and challenges in terms of COVID-19
This study focuses on examining the relationship between fiscal and debt sustainability indicators in EU Member States, based on the multidimensional approach to estimating and forecasting different time horizons applied by the European Commission The ...
A. Zahariev +3 more
semanticscholar +1 more source
CLIMATE CHANGE AND FISCAL SUSTAINABILITY: RISKS AND OPPORTUNITIES
Both the physical and transition-related impacts of climate change pose substantial macroeconomic risks. Yet, markets still lack credible estimates of how climate change will affect debt sustainability, sovereign creditworthiness and the public finances ...
M. Agarwala +5 more
semanticscholar +1 more source
An efficient test of fiscal sustainability [PDF]
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
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Investigating the fiscal decentralization’s effect on the carbon intensity of agricultural production may assist the United States in reaching its carbon peak and becoming carbon neutral.
Nihal Ahmed +6 more
semanticscholar +1 more source
Characteristics of fiscal policy in Croatia: does it depend on the phase of the business cycle?
This paper analyzes fiscal policy sustainability and cyclicality in Croatia. The main novelty of the paper is that our fiscal response function allows for asymmetric behavior over the business cycle.
Vladimir Arcabic, Frane Banic
doaj +1 more source
Unsustainable public debt in a european fiscal union?
Some EU members faced years of crisis in the first half of the 2010s with an excessive initial public debt, but several others had broad room for fiscal stimulus. However, the prolonged duration of the European economic depression expended public budgets,
Gábor Kutasi
doaj +3 more sources
The main aim of this paper is to assess the fiscal sustainability in Iraq, Egypt, and Jordan by estimating the fiscal reaction function. To show the extent to which fiscal policy interacts in these countries by taking corrective measures in adjusting the
Helmy Ibraheem Menshad
doaj +1 more source
Concept of Vertical Fiscal Imbalance in the Analysis of Fiscal Sustainability at the Regional Level [PDF]
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

