Volatility, External Debt, and Fiscal Risk: Simulations of the Impact of Shocks on Fiscal Adjustment for Thirteen Latin American Countries
ثبت نشده
چکیده
منابع مشابه
The Impact of Publishing Islamic Treasury Bills on Fiscal Sustainability of the Iranian Government by Using a Dynamic Stochastic General Equilibrium Model
From the perspective of government accounting, the Publishing of Islamic Treasury Bills, due to the nature of these bonds that transfer of debt is permissible, there will be no additional financial burden for the government in the form of principal and interests of them. In other securities, on the other hand, the government is bound to pay the principal and its interests on the date of maturit...
متن کاملInvestigating the Impact of Fiscal Policies on Capital Market Returns in Selected Oil Exporting Countries
Fiscal policies are one of the most important policies that are used in the field of demand management. Implementing fiscal policies is one of the most important policy-making tools to achieve macroeconomic goals such as Distribution Fair Income, Increasing Rate Growth Economic And Employment And Stabilizing Price. Since economic policies have a significant impact on financial mark...
متن کاملDeficits, Debt Financing, Monetary Policy and Inflation in Developing Countries: Internal or External Factors? Evidence from Iran
This paper focuses on internal and external factors, which influence the inflation rate in developing countries. A monetary model of inflation rate, capable of incorporating both monetary and fiscal policies as well as other internal and external factors, was developed and tested on Iranian data. It was found that, over the long run, a higher exchange rate leads to a higher price and that the f...
متن کاملThe Effects of Oil Price Shocks on Discretionary Fiscal Policy in Selected OPEC Countries: Panel Structural Vector Autoregressive
The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...
متن کاملMonetary and Fiscal Policies and the Growth Laffer Curve: Panel Data Evidences
The present paper examines the mitigating effect of monetary and fiscal policies on the “Growth Laffer curve” (GLC) using a panel data of 38 high income countries over the period 2003-2012. Adopting generalised method of moments (GMM) estimators, the paper finds evidence substantiating the presence of an inverted-U GLC. Moreover, the evidence suggests that the GLC shifts downward by employing e...
متن کامل