survey of fiscal sustainability in iran

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fiscal sustainability in iran: assessing the period of 1342- 1380

budget deficit constitutes a major fiscal indicator. it has major important ramification on macro-economic position of all nations. in developing countries generally, and in iran specifically, governments are likely to spend more on miscellaneous as well as differentiated obligations causing high expenditure costs with respect to their limited revenues. this causes a budget deficit to incur. th...

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We study the implications of fiscal policy behavior for sovereign risk in a framework that develops a country’s fiscal limit, the point at which for economic or political reasons taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the economic environment—expected fiscal policy, the distribution of exogenous disturbances, and private agents’ behavior—into...

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Journal title:
پژوهشنامه اقتصادی

جلد ۱۲، شماره ۴۵، صفحات ۲۷-۵۴

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