Fiscal balance
Testing the Twin Deficits Hypothesis: Effect of Fiscal Balance on Current Account Balance—A Panel Analysis of Sub Saharan Africa
... of fiscal deficits in both the static panel and system GMM estimations is positive, indicating that a 1 unit increase in fiscal deficit improves the current account to GDP ratio by ...and fiscal ...
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The effects of foreign debt and fiscal balance on economic performances during the Eurozone crisis
... than fiscal balance, the link to how foreign debt can affect economic performance is not explicitly studied in his work, as the focus is more on the connection between sovereign spread and current account ...
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Oil rents and fiscal balance in oil dependent economies: do fiscal rules matter?
... and fiscal balance, while controlling for other ...of fiscal rules by using an instrumental variable approach based on Dynamic Panel estimators [the General Method of Moment ...with fiscal ...
26
Exchange rate variation and fiscal balance in Nigeria: a time series analysis
... With the budget deficit aggregate demand, the reverse is also true. Calculations of “full employment and cyclical or structurally adjusted deficits” attempts to distinguish between changes in government revenue and ...
21
Macroeconomic variables and current account balance in Namibia
... account balance in ...account balance in Namibia is determined by fiscal balance at percent of GDP, investment to GDP ratio, foreign direct investment to GDP, exchange rate, real exchange ...
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Current-Account Reversals in Developing Countries: The Role of Fundamentals
... the fiscal balance only, negative reversals of the current-account balance are related to a worsening of the terms of trade and the fiscal balance as well as to higher growth rates and ...
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Testing Twin Deficits and Saving Investment Nexus in Turkey
... This paper provides further evidence on the validity of twin deficits and the Feldstein Horioka hypotheses for Turkey during the period of 1987 2004 using bounds testing approach to cointegration. In order to explain the ...
21
Causality between external balance and (some) fiscal variables: Preliminary results for the Eurozone
... In regard of the twin deficits hypothesis for Eurozone countries, results are not conclusive but contradictory. Two articles can exemplify this. On the one hand, Kosteletou (2013) shows evidence supporting twin deficits ...
7
Drivers of Domestic Government Bond Market Growth in Selected Countries in Eastern and Southern Africa
... as fiscal balance, size of the economy, size of the banking sector, trade openness because these variables are channels through which government ensures economic prosperity by intervening in the domestic as ...
91
Statement on Competitiveness Priorities, March 2011
... Competitiveness Challenges for the New Government Restoring the Irish economy to sustainable economic growth is essential both for reducing unemployment, restoring fiscal balance and for[r] ...
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EFFECT OF GOVERNMENT FISCAL DEFICITS ON CURRENT ACCOUNT BALANCE: THE CASE OF TWIN DEFICITS HYPOTHESIS IN NIGERIA (1970-2013)
... that fiscal deficit implies a decrease in national saving which is the sum of private saving plus government fiscal ...its fiscal deficit, domestic residents use some of the income windfall to boost ...
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Fiscal policy and growth in new member states of the EU: a panel data analysis
... on fiscal balance is highly significant and positive if implicit fina- ncing is not exclusively based on taxation (columns 3 and ...the balance improves by 1 percentage point as a result of lower ...
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Testing Ostrom: an Analysis of Water User Committees in Uganda
... the Fiscal Balance channel and explains how an exogenous change in the price of an export commodity can lead to an increase in the Fiscal Balance of a ...the Fiscal Balance of a ...
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The age of austerity: contesting the ethical basis and financial sustainability of welfare reform in Europe
... The regressive distributional effects of fiscal consolidation reveal an inherent incompatibility between austerity outcomes and any long-term goals to tackle poverty and inequality. Owing to a scarcity of ...
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Constitutional Economics, Fiscal Policy Rules, and The Case of Turkey
... Restrictive fiscal instrument especially fiscal policy rules have been used to achieve fiscal balance and economic stability by some ...specific fiscal policy rules to struggle with ...
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Self defeating austerity? Evidence from 1930s' Britain
... The turn to austerity in the aftermath of the recent economic crisis has been controversial, not least in Britain. Some have argued on the basis of historical evidence that fiscal consolidation is counter- ...
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Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Ghana, South Africa and the WAEMU
... We consider a forward-looking equation that combines several aspects of the literature on the transmission mechanisms of the different determinants of aggregate demand. The equation in expressed in terms of the ...
42
Does Indonesia’s macroeconomy work well towards the political year?
... Investment and Government Expenditure which higher than Saving and Tax inquire global support which represents in PI and SI. Symbol of variables: Y = GDP; C = Consumption; I = Investment; G = Government Expenditure; X = ...
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Sovereign debt and its restructuring framework in the Euro area. Bruegel Working Paper 2013/05, August 2013
... a fiscal solvency equation, which relates the primary fiscal balance to public debt ratios and the output gap, confirm that in the face a severe and protracted downturn, the countries of the euro ...
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OPEN ECONOMY AND THE CRISIS
... of fiscal or monetary ...to balance a country’s current account by altering the composition of expenditures on foreign and domestic goods Not only does it affect current account balances, but it can ...
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