budget balance
The Calculation of Structural Budget Balance : Case of Morocco
... The budget balance is defined as the difference between total government revenue and its ...surplus, balance or ...a budget austerity, supported by the advocate of a modest State (Monnier and ...
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Fiscal shocks and budget balance persistence in the EU countries from Central and Eastern Europe
... intertemporal budget constraint or transversality condition is largely a rather academic conception of debt ...the budget balance and the debt ...
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Twin Deficits or Ricardian Equivalence? Empirical Evidence in the APEC Countries
... trade balance explains nearby 24% of variation of budget balance 10 periods ahead (in an increasing ...account balance is mainly due to its own variation, since after 10 periods ahead only ...
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Political Budget Cycles In Municipalities: Evidence From Indonesia
... of budget balance, total expenditures, investment expenditures, and other administrative expenditures including donations, social assistance, and financial assistance expenditure during election ...the ...
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Randomized Wagering Mechanisms
... Wagering mechanisms are one-shot betting mechanisms that elicit agents’ predictions of an event. For deterministic wager- ing mechanisms, an existing impossibility result has shown incompatibility of some desirable ...
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Assessing the Triple Deficit Hypothesis for Major South Asian Countries: A Panel Data Analysis
... The paper examines the “triple deficit hypothesis” - An extension of the “twin deficit hypothesis” with inclusion of private saving gap for a panel of five South Asian countries, namely India, Pakistan, Bangladesh, ...
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The Swedish fiscal policy framework and intermediate fiscal policy targets
... Automatic budget responses and thus the automatic stabilizers will not affect the structural budget balance, and can thus be contained within the 3% limit on the actual ...structural balance ...
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Do Investors Listen to Fiscal Policy? – Study case Bucharest Stock Exchange
... overall budget balance and the public debt both as GDP ...the budget deficit as in Darrat’s (1988) original paper resides in the fact that one is a flow variable and the other is a stock variable ...
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Profitability, real interest rates and fiscal crowding out in the OECD area 1960-1985 (an examination of the crowding out hypotheses within a portfolio modal). Economic Papers 59, October 1987
... sub periods However, provides additional the cross-section data show this correlation only for the growth-adjusted budget balance but not for the_unadjusted one, suggesting that the form[r] ...
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Risk Threshold for Sustainable Current Account Balance of Payments: An Indonesian Case
... account balance is, naturally, influenced by a large number of variables, both domestic and ...account balance are savings gap, savings, budget deficit, investment, export, import, credit expansion, ...
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European Economy Supplement A No 8/9 August/September 1994 Recent economic trends
... GDP at constant prices Agricultural production Industrial production Consumer price index Unemployment rate, in % Budget balance, % GDP Trade balance, $ bn Current account, $ bn Gross fo[r] ...
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Ireland’s Fiscal Framework: Options for the Future
... the budget bill or a specialised bill) involving an expenditure increase or tax revenue loss must contain an offset of the budgetary cost, by means of an equivalent tax increase or expenditure reduction, so as to ...
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Volume 02 Issue 01: (2013) Jan.-Feb. 2013
... Canuto, Dos Santos and De Sa Porto [4] examine the macroeconomics to be taken into considerations in the sovereign credit assessment by the agencies and relationship between the factors and ratings. The study found that ...
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Fiscal consolidation and unemployment: does EPL matter?: A look at EU countries
... Turning to the impact of fiscal policy on job market flows, it turns out that, in line with expectations, fiscal consolidation has a positive and significant impact on separ- ation rates (Table 3). Results are also ...
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Functional trinity of public finance in an emerging economy
... public budget balance; BBR: public budget balance restriction; BE: volume of the public budget expenditures; BR: volume of the public budget revenues; cbb: ratio of BB to GDP; ...
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Effects of fiscal consolidation on exports in Ukraine
... As already mentioned, a number of authors argue that the impact of fiscal policy on exports is mainly due to fluctuations in exchange rates. It is assumed that fiscal consolidation leads to currency devaluation, ...
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The fiscal and monetary institutions of CESEE countries Bruegel Working Paper 2011/02, February 2011
... The recent global financial and economic crisis hit CESEE countries harder than other emerging country regions of the world. Recovery from the crisis is also slower. These developments raise question marks about the ...
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Testing the sustainability of the Croatian public debt with dynamic models
... explicit contingent liabilities of the government and ε t unidentifi ed fl ows (residual) in a specifi c moment of time t, where all variables are expressed as shares in GDP. Values of all projected variables in baseline ...
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Constitutional Economics, Fiscal Policy Rules, and The Case of Turkey
... Projected fiscal policy rule, which has been seen as the most important step taken in the context of Turkey’s structural reform, consisted of two main components: One of them is the deficit for the medium and long-term ...
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Cyclical Behavior of Fiscal Policy in the Western Balkans
... Cyclically-Adjusted Budget Balance, finds that in the case of Albania fiscal policy shows pro-cyclical behavior during the years 2006, 2008, 2009, 2012, while in the years 2007 and 2010 the nature of fiscal ...
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