نتایج جستجو برای: fiscal dominance
تعداد نتایج: 44113 فیلتر نتایج به سال:
This paper is concerned with the saddle-path stability of monetary growth rules in a two-country two-sector dynamic stochastic general equilibrium model. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exports, fiscal dominance and oil exports, this model also incorporates informal labour and production sectors and examines how...
Fiscal decentralization that is considered a transfer of responsibilities that associated with accountability to sub – national governments, increases efficiency and providing better access to public goods in the Economy. According to the five-year development plans of Iran creating and allocating structure for provincial budgeting, fiscal decentralization generally is moving in the costs...
Background: Many previous empirical studies indicated appropriate implementation of the fiscal decentralization and transfer of resources and expenses from the central government to local governments was an important factor to improve health outcomes in developing countries. Accordingly, the major purpose of this study was to evaluate the impact of fiscal decentralization indicators on the mort...
If with expansionary (contractionary) fiscal policy, private consumption increases (decreases), fiscal policy has Keynesian nature else, it has non- Keynesian nature. If in certain period, sometimes fiscal policy has Keynesian effects and sometimes it has non- Keynesian effects, it will have non-linear effects. Since, there is not a paper about non- linear fiscal policy in IRAN, the purpose of ...
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...
As economics has developed, a number of different fiscal principles have been suggested. Perhaps the oldest principle was that the Government should balance its books. This principle was adopted by the 1979 Conservative Government but they delivered a budget in balance or in surplus only in 1988/89 and 1989/90. The same principle has been adopted in the Stability and Growth Pact, albeit with an...
The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One key lesson emerging from this research is that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. Rather, the impact varies widely depending on the specific fis...
Fiscal decentralization has been a fundamental aspect of China’s transition to a market economy, and the country has made substantial effort to break down its highly centralized fiscal management system with various forms of fiscal contracting systems (1978-1993) and later a tax sharing system (1994present). This paper is aimed to provide a comprehensive review of China’s experience in fiscal d...
Due to the complex nature of fiscal policy decisions and implementations, fiscal vector autoregressive models have suffered from an underidentification problem that has caused substantial debate about measuring the efficacy of fiscal stimulus. To help resolve this issue this paper incorporates additional information regarding how private agents’ anticipation of fiscal adjustment in the short an...
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