Search
Search Results
-
Fiscal Rules and Countercyclical Fiscal Policy in Russia
Abstract —The purpose of this work is to determine how much the presence of fiscal rules in Russia contributed to the implementation of the...
-
Revisiting the countercyclicality of fiscal policy
This paper provides a novel dataset of time-varying measures on the degree of countercyclicality of fiscal policies for advanced and develo**...
-
Democracy and fiscal-policy response to COVID-19
In this paper, we investigate the relationship between the level of democracy and fiscal-policy response to the economic crisis induced by the...
-
Fiscal policy and real exchange rate variations in India
The fiscal policy's impact on the real exchange rates is highly controversial in theory and practice but noteworthy for macroeconomic policy. This...
-
Fiscal Policy Developments
The chapter examines the impact of the war on the fiscal policies of the Central and Eastern European countries, its impact on indebtedness, public...
-
Promoting Counter-Cyclical Fiscal Policy: Fiscal Rules Versus Institutions
We explore under different exchange rate regimes how fiscal rules and institutions can reduce the procyclical stance of fiscal policy (i.e. how...
-
Exploring the Fiscal policy—income inequality relationship with Bayesian model averaging analysis
The authors have employed several techniques to account for model uncertainty in the inequality-growth model. However, the BMA technique is the most...
-
The Role of Fiscal Policy — A Survey of Recent Empirical Findings
DSGE models based on New Keynesian principles, which have been extended to allow for banking, the zero lower bound on interest rates (ZLB), and...
-
Downward Nominal Wage Rigidity and Fiscal Policy in a Monetary Union
We estimate an open economy DSGE model to study the fiscal policy implications of downward nominal wage rigidity (DNWR) in a monetary union. DNWR has...
-
Optimal fiscal policy under finite planning horizons
We propose a novel framework that revisits the seminal Chamley-Judd zero capital taxation result in light of bounded rationality stemming from a...
-
The Role of Fiscal Policy Rules in the Postcrisis Period: Easing or Tightening?
Abstract—The article considers the ways to adapt fiscal rules in the postpandemic period in the Republic of Armenia, taking into account the new...
-
Evaluating the effect of green fiscal policy on firm energy performance: evidence from China
The green fiscal policy stands as a potent catalyst for fostering the green and low-carbon transition, with aims to garner multifaceted social,...
-
The Sustainability of Portuguese Fiscal Policy in Democracy, 1974–2020
In the current year of 2024, Portugal celebrates half a century of Democracy. In this paper we test the sustainability of Portuguese fiscal policy...
-
Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns
Existing literature suggests that fiscal space matters for the policy response to financial crises. High public debt levels limit countries capacity...
-
Fiscal Policy
This chapter documents why current US fiscal policies are on an unsustainable path. We discuss the political and economic fundamentals that put the...
-
Boosting green recovery: the impact of green fiscal policy on green total factor productivity
Green fiscal policy is crucial for achieving green economic recovery and improving green total factor productivity (GTFP). Based on this, using panel...
-
Simultaneous identification of fiscal and monetary policy shocks
This research contributes to the literature on the effects of fiscal and monetary policy by exploiting non-Gaussianity of the time series for the...
-
Testing the effects of fiscal policy shocks on output growth in recession and expansion: empirical evidence from develo** countries
This study estimates fiscal multipliers and evaluates the effectiveness of fiscal policy in a large panel of 107 develo** countries over the medium...
-
New Interpretations of Proactive Fiscal Policy
This chapter, comprising eight articles, is entitled “New Interpretations of Proactive Fiscal Policy”. The “new interpretations” here implies...
-
Do Fiscal Policy Outcomes Promote Ethno-Religious Stability in African States?
This paper studies the conditions under which the use of expansionary fiscal policy may mitigate the risk of initiation, escalation, and repeated...