Based on an extended IS-LM-AS model, this study finds that if the Argentine peso depreciates 1% versus U.S. dollar, consumer price in Argentina would increase by 0.2518%. In addition, more structural fiscal deficit as a percent of potential GDP, M2 supply, higher level, and expected level raise Argentina’s level. Therefore, partial exchange rate pass-through is confirmed for Argentina.

To investigate “Twin Deficit Challenge: An Evidence from Pakistan Economy” this study employed SAM 2010-11 for (Dorosh, Niazi, and Nazli, 2015). This used a static CGE model. The theoretical structure of the core model closely follows Lofgren et al. (2001) model, with an extension to incorporate commonly observed specifications developing country (Naqvi 2011). concludes that lag value budget de...

Abstract Public choice theory suggests that citizens have a deficit bias: they approve governments for running large deficits increase spending or reduce taxes. In contrast, others contend reward balanced budgets. We contribute to this debate by modelling popularity function the Canadian federal government and show impact of fiscal policies on executive's changes over time. Until early 1990s, C...

There has been tremendous concern in policy circles that developing countries that are rapidly decentralizing are exposed to the risk of macroeconomic instability due to growing fiscal deficits and soft budget constraints at the sub-national level. The center is perceived as being “vulnerable” to sub-national fiscal profligacy and manipulation. This paper studies the effect of political affilia...

OBJECTIVES The aim of the project was to develop a plan to address a forecasted deficit of approximately $4.65 million for fiscal year 2010/11 in the Vancouver Communities division of the Vancouver Coastal Health Authority. For disinvestment opportunities identified beyond the forecasted deficit, a commitment was made to consider options for resource re-allocation within the Vancouver Communiti...

Abstract Existing literature suggests that fiscal space matters for the policy response to financial crises. High public debt levels limit countries capacity pursue macroeconomic and stabilization policies resume growth after severe crisis downturns. We examine involved channels through which dynamics of a distress, namely sovereign market access policymakers’ views, in panel 30 OECD period 198...