background fiscal decentralization (fd) in many cases is encouraged as a strong means of improving the efficiency and equity in the provision of public goods, such as healthcare services. this issue has urged the researchers to experimentally examine the relationship between fiscal decentralization indicators and health outcomes. in this study we examine the effect of fiscal decentralization in...

Equipping Immigrants: Migration Flows and Capital Movements Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous explanations. There are undoubtedly many reaso...

Using panel data, this paper tries to explain the amount of loans granted by the IBRD and it analyzes their effect on monetary and fiscal policies in the recipient countries. To check for political business cycles, the influence of elections on IBRD loans is examined. The results obtained support the hypothesis that net flows are higher prior to elections. With respect to moral hazard it is sho...

I. PREREFORM FINANCIAL SYSTEM IN INDIA AND RATIONALE FOR REFORMS The Indian financial sector today is significantly different from what it used to be a few decades back, in the 1970s and 1980s. The Indian financial system of the pre-reform period essentially catered to the needs of planned development in a mixed-economy framework where the Government sector had a predominant role in economic ac...

abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...

Abstract Using two measures of the fiscal position, cyclically adjusted primary budget balance (CAPB) and total balance, we assess Twin Deficit Hypothesis for Euro Area in period 1995–2020. Furthermore, estimate time-varying coefficients current account responses to changes CAPB government identify determinants these responses. The addition being are also balance. public debt, temporal influence

In this paper, we have reviewed the COVID induced shock to debt and deficit profiles of 10 largest economies by size GDP in 2019 referred paper as Big-10 economies. There is a sharp upsurge their government debt-GDP ratios because policy responses recession been large fiscal stimuli based on borrowing. With low often negative growth rates high deficit, are projected rise sharply these As normal...

The paper investigates compliance with the EU fiscal rules in period 1992-2020. are prescribed as guidelines and represent a typical example of soft law approach. negative impact approach is more visible after periods economic crisis (2008-2009; 2020-2022). non-compliance ceilings on level budgetary deficit public debt create instability various adverse effects. In it shown that existing not ad...

This paper provides a descriptive review of the impacts global financial crisis on Indian economy. While examining growth in gross domestic product (GDP), fiscal deficit, exports, imports, Wholesale Price Index (WPI) inflation, and foreign exchange rates (FX), we find that GDP has been severely impacted during period, especially 2008-09. deficit continuously increased 2008-09 2009-10, exports i...

EDEIIAL budget deficits of $200 billion or more have created considerable controversy and confusion among analysts, policvrnakers and voters. The important problem, of course, concerns the consequences of current and projected spending, receipts and deficits. Public concern about these problems began, however, with the ballooning of deficits in 1982 and 1983. Many analysts conjecture that recen...