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Displaying results 1 to 9 of 9.

  1. Fiscal and current account imbalances
    the cases of Germany and Portugal
    Published: [2021]
    Publisher:  ifo Institute, Munich, Germany

    We investigate the bilateral relationship between government budget balances and current account balances for Portugal and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 677
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    We investigate the bilateral relationship between government budget balances and current account balances for Portugal and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in Germany. On the other hand, the response of the budget balance to the current balance is higher in Germany than in Portugal. In Portugal and Germany, a fiscal rules index has a negative impact on the current account balance and the government effectiveness index has a positive impact on the government balance. The public debt as a percentage of GDP positively affects the current account balance in Portugal, and in Germany it does not. During the period of implementation of the external assistance programme in Portugal, the current account balance improved, while the government balance did not.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272955
    Series: EconPol working paper ; vol. 5, 72 (2021, December)
    Subjects: budget deficit; external deficit; Portugal; Germany; fiscal rules; time-series
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  2. Parameters of Kazakhstan's fiscal policy
    Published: [2023]
    Publisher:  National Bank of the Republic of Kazakhstan, [Astana]

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    Nicht speichern
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  3. Deficit financing with the national saving certificate and its macroeconomic consequences on Bangladesh's economy
    Published: 2023
    Publisher:  Australian National University, Crawford School of Public Policy, Canberra

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VSP 1716
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2023, 45 (September 2023)
    Subjects: NSC financing; budget deficit; fiscal policy; savings; investment; SVAR; Bangladesh
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  4. The impact of austerity policies on local income
    evidence from Italian municipalities
    Published: [2022]
    Publisher:  Paris School of Economics, Paris

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    VS 331
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Paris School of Economics ; no 2022, 15
    Subjects: fiscal consolidation; fiscal policy; budget deficit; local economy multiplier
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  5. A revival of budget deficit and economic growth
    Published: [2020]
    Publisher:  EERI, Economics and Econometrics Research Institute, Brussels, Belgium

    South Africa has experienced high budget deficits accompanied by sluggish economic growth over the years. Fears mount that such a trend may worsen due to the advent of the Covid-19. Yet, the effect of budget deficit on economic growth remains one of... more

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    South Africa has experienced high budget deficits accompanied by sluggish economic growth over the years. Fears mount that such a trend may worsen due to the advent of the Covid-19. Yet, the effect of budget deficit on economic growth remains one of the widely debated topics in economics. This article gives empirical evidence on the budget deficit-economic growth nexus and the deficit spending channels that are growth stimulating in South Africa over the period 1980 to 2018. Relying on the Dynamic Ordinary Least Squares (DOLS), results show that budget deficit is growth promoting and that budget deficit is growth stimulating if it is channelled towards export-oriented industrialisation of ores and metals

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251096
    Series: EERI research paper series ; no 2020, 04
    Subjects: DOLS; endogeneity; budget deficit; economic growth; export-oriented industrialisation
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  6. 60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments
    Published: [2021]
    Publisher:  ifo Institute, Munich, Germany

    We study the relationship between the budget balance and the current account balance for European Union(EU) countries, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude that the... more

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    We study the relationship between the budget balance and the current account balance for European Union(EU) countries, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude that the relationship is bi-directional for the EU panelas a whole. Furthermore, we find that in Eurozone countries, before 2010, for those countries with an average current account balance-to-GDP ratio outside the range of -4 to6%, and also in countries whose average debt-to-GDP ratio is greater than 60%, the impact of the budget balance on the current account balance is greater. Conversely, in non-Eurozone countries, after 2010, in countries with a current account balance-to-GDP ratio of -4 to 6%, and also in countries with an average debt-to-GDP ratio of less than 60%, the impact of the fiscal balance on the current account balance is less relevant.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245909
    Series: EconPol working paper ; vol. 5, 69 (2021, September)
    Subjects: budget deficit; external deficit; European Union; panel data; time series
    Scope: 1 Online-Ressource (circa 32 Seiten)
  7. Fiscal policy and inflation expectations
    Published: [2020]
    Publisher:  [Banco Central del Uruguay], [Montevideo, Uruguay]

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    VS 447
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documento de trabajo / Banco Central del Uruguay ; no 2020, 004
    Subjects: Inflation expectations; budget deficit; fiscal policy; monetary policy; Uruguay
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  8. The role of fiscal policies for external imbalances
    evidence from the European Union
    Published: 2021
    Publisher:  ifo Institute, Munich, Germany

    We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of... more

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    We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of 0.318 pp of GDP, which supports the Twin Deficits Hypothesis. On the other hand, dynamic panel estimates partially corroborate the Equivalence Ricardian Hypothesis in the presence of a fiscal rules index. In addition: i) the relation between the two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current account balance is observed; ii) after 2010, the budget balance positively affects the current account balance; and iii) the positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget deficit countries, and high exports countries.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/233802
    Series: EconPol working paper ; vol. 5, 57 (2021, February)
    Subjects: budget deficit; external deficit; European Union; fiscal rules; panel data
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  9. Stabilization and adjustment in MENA
    the case of Egypt
    Published: [2023]
    Publisher:  Economic Research Forum (ERF), Dokki, Giza, Egypt

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 592
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: ERF working papers series ; no. 1663 (November 2023)
    Subjects: debt burden; budget deficit; internal challenges; present crisis; vicious circle; scenarios; institutional disorders; evidence-based analysis; institutional reform; high road for development; macroeconomic indicators; fiscal policy; monetary policy
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen