[PDF] Top 20 How to calibrate fiscal rules : a primer
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How to calibrate fiscal rules : a primer
... to calibrate the debt ceiling in the previous section (which was six years by ...to calibrate the operational rules is a policy decision reflecting national ... See full document
29
Fiscal rules in a highly distorted economy
... EMU fiscal rules from a welfare ...and fiscal rules in a NK-DSGE with a high number of nominal and real distortions, calibrated on the Euro-area ...income. Fiscal policy responds, ... See full document
30
Optimal Fiscal and Monetary Rules in Normal and Abnormal Times
... model with deep habits, but only for normal times. Perhaps the closest paper to ours is Kirsanova and Wren-Lewis (2012). In a simple core calibrated NK model without habits or a government sovereign risk their paper ... See full document
50
Budget Rules, Fiscal Consolidation and Government Spending:Implications for Federal Transfers
... Budget Rules, Fiscal Consolidation and Government Spending:Implications for Federal Transfers Pinaki, Chakraborty National Institute of Public Finance and Policy NIPFP, New Delhi, Centre[r] ... See full document
25
Recommendations on Improving Fiscal and Taxation Policies of Shale Gas Industry in China
... The taxation policies issues of shale gas industry in our country can be considered from three aspects of the value-added tax, resource tax, corporate income tax. Up to now, our tax standards of shale gas is still ... See full document
7
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 ... See full document
13
Debt cycles, instability and fiscal rules: A Godley Minsky model
... for fiscal policy. The (de)stabilising effects of two different fiscal rules were ...Maastricht-type fiscal rule according to which the government expenditures-to- output ratio decreases ... See full document
37
The Euro Area sovereign debt crisis: Some implications of its systemic dimension
... to how fiscal vulnerabilities ...sizable fiscal deficit even before the 2008 ...strong fiscal positions before the ...is how the austerity will effectively reduce the perceived risk for ... See full document
26
Oil rents and fiscal balance in oil dependent economies: do fiscal rules matter?
... This study makes use of Ordinary Least Squares (OLS) with pooled data, proceeds to applying either Fixed Effects (FE) or Random Effects (RE) estimation methods depending on Hausman specification test. The paper finally ... See full document
26
The Fallacy of Fiscal Discipline
... Figure 1 shows the behavior of our wealth-based fiscal indicator for Ger- many, Italy, France and Japan. The United States is not included because it displays a negative after-growth real interest rate as an ... See full document
27
Bolivia’s fiscal rules: dynamic stochastic general equilibrium model approach
... Bolivia’s fiscal rules: dynamic stochastic general equilibrium model approach Daney, Valdivia and Marcelo, Montenegro.[r] ... See full document
31
Debt Sustainability and Fiscal Policy Rules in the European Union
... where 𝑝𝑏 is the ratio of primary balance over GDP, 𝑏 represents the ratio of public debt over GDP, while ∈ is the error term. 𝑍 is a vector that includes several determinant variables of the primary balance other than ... See full document
7
The fiscal and monetary institutions of CESEE countries Bruegel Working Paper 2011/02, February 2011
... assessing fiscal rules or expenditure ...of fiscal rules or expenditure frameworks, without taking into consideration that some countries (for example, Australia, Norway or the United States) ... See full document
38
Relation between Fiscal Rule and Select Economic Indicator of PIIGS Countries of Europe
... that fiscal rule index has a significant positive effect on Debt to GDP with estimated coefficient ...on fiscal rule are depending on fiscal ... See full document
10
Government debt, fiscal rules and singular growth dynamics
... production. Fiscal rules introduce another transmission mechanism for fiscal policy which tends to work through the expectations of future changes in the rate of return of the ... See full document
34
The impact of the European Union fiscal rules on economic growth
... the fiscal policy in the hands of national governments – to face asymmetric shocks when necessary – and to put in place rules to avoid excessive ...Those rules are important because governments’ ... See full document
49
Rules based economic governance in the European Union: A reappraisal of national fiscal rules
... EU fiscal rules such as the Maastricht criteria and the Stability and Growth Pact has become the focus of many scholarly debates both within and outside the ...national fiscal rules, however, ... See full document
21
Fiscal Rules and Pro cyclicality of the Fiscal Policy in CEMAC countries
... 2. In phase of recession, contrary to previous studies made on the CEMAC zone, we find that the fiscal policy of States are acyclic. In other words, States leave their level of spending unchanged when market ... See full document
25
Curriculum development: a how to primer
... Although it may seem counterintuitive, the first step of an evaluation is to consider who will use the evalua- tion results and how. Simply, an evaluation that is never used will not be worth the effort. A ... See full document
6
Towards a More Resilient Euro Area Ideas from the 'Future Europe' Forum CEPS Paperback, 18 June 2018
... discussed how helpful a borrowing capacity would be in achieving a more optimal fiscal stance for the euro area as a ...their fiscal stance in ...optimal fiscal stance for the euro area as a ... See full document
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