Fiscal sustainability
Fiscal sustainability and policy implications for the euro area.
... restoring fiscal sustainability in the coming years already and a more gradual fiscal adjustment spread over the 2010-2050 ...earlier fiscal adjustment effort leads to a somewhat flatter ...
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Wage Policy and Fiscal Sustainability in Benin
... and fiscal sustainability in the medium- to long-term by generating excessive fiscal deficits or by crowding out growth-enhancing public ...A fiscal policy guided by targets set in order to ...
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An empirical study on fiscal sustainability in Malaysia
... Fiscal sustainability has become a prominent issue in developing countries, and fiscal sustainability assessments have become an increasingly demanded component of macroeconomic ...on ...
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The challenges to long run fiscal sustainability in Romania
... undermine fiscal sustainability; the difficulty of doing this is the scarcity of budgetary resources and the many other competing claims for public ...
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Fiscal Sustainability in a New Keynesian Model
... The plan of the paper is as follows. In Section 2 we outline our model in which consumers supply labour to imperfectly competitive firms who are only able to change prices at random intervals of time. Workers’ labour ...
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Fiscal sustainability and policy implications for the euro area
... In this section, the relative merits of different budgetary strategies to ensure fiscal sustainability are investigated. This question has received considerable attention from EU political bodies for a long ...
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A wavelet analysis of Italian fiscal sustainability
... However, given the fact that debt changes gradually, only a long time scale is meaning- ful for fiscal sustainability. In the longer period cycle (16–32 years of scale), we found an only one area of high ...
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Fiscal Sustainability in Selected Transition Countries
... Fiscal Sustainability in Selected Transition Countries Aristovnik, Aleksander and Berčič, Boštjan University of Ljubljana, Faculty of Administration, Slovenia.. Online at https://mpra.ub[r] ...
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Productive government expenditure and fiscal sustainability
... We consider the reason why the non-monotonic relationship arises. Sup- pose that spending-GDP ratio is much small. The situation means that increasing in public spending-GDP ratio drastically raises interest rate and ...
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Why fiscal regimes matter for fiscal sustainability analysis: an application to France
... make fiscal sustainability issues very ...non-Ricardian fiscal policy. Second, sustainability issues cannot be disregarded and left to the management of the lender of last ...Markov-switching ...
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Debt Projections and Fiscal Sustainability with Feedback Effects
... long-term fiscal sustainability in the context of a modified ‘bottom up’ model in which a limited number of feedback effects are introduced, while a mechanical approach continues to be used for many ...
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Generational accounts for Belgium: fiscal sustainability at a glance
... the fiscal stance of ...of fiscal sustainability of government finances is that it focuses exclusively on the annual flows of expenditures and ...given fiscal and social policy of the base ...
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Fiscal Sustainability of Japanese Prefectural Government Debt
... Furthermore, fiscal problems among municipalities and prefectures have been a topic of sustained discus- sion in ...face fiscal reconstruc- tion in 2007 if conditions remained ...for fiscal secondary ...
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Assessing fiscal sustainability in some selected countries
... a fiscal policy rule that is observable by external analysts and indicates whether a country is adopting a sustainable policy ...a fiscal sustainability indicator allowing these variables to react to ...
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Balance Sheet Approach for Fiscal Sustainability in Indonesia
... The serial GARCH resulted from the estimation are then used to calculate the VaR. The serial GARCH and its square root, namely the volatility (standard deviation) are in column 3 and 5 of Table 1, respectively. The VaR ...
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Fiscal Sustainability - Definition, Indicators and Assessment of Czech Public Finance Sustainability
... to fiscal sustainability is that it highlights the constraint imposed on fiscal ...assessing fiscal sustainability is to assume that the interest rate and the growth rate of GDP are ...
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Fiscal Sustainability Across Government Tiers
... different fiscal systems on aggregate fiscal sustainability is fraught with two major difficulties (Bordignon, ...most fiscal federal systems are not primarily designed for allocating ...
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The Global Dimension to Fiscal Sustainability
... of fiscal consolidation and sovereign debt has been less dependent upon capital flows (see Hauptmeier et ...the fiscal sustainability of emerging market economies: emerging markets rely on foreign ...
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Fiscal sustainability report
... 20 While the precise accounting treatment of these measures will not be known until future WGAs are published, some broad implications for fiscal sustainability are clear. Most importantly, while each ...
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Fiscal Sustainability When Time is on Your Side
... A reduction in government investment may be less critical in mature economies with an already well-developed infrastructure and where an improved primary balance may be of critical importance, either to reduce high debt ...
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