Problem statement: The problem of budget deficits and current account imbalances has attracted serious consideration from academics and policy-makers in both developed and developing countries. The question is whether such relationships between budget deficits and current account deficits exist in the case of Philippines. Approach: The purpose of this study was to test the validity of the Keyne...

The Government of India needs to take some hard decisions in the upcoming Union Budget for 2000-01. There are several reasons why it is important to do so right now. India's political system is more than ever in consensus about the basic direction of reforms. The current government enjoys a strong electoral mandate. This is the first year in office for this government, and is, therefore, the mo...

one of the most important objectives of any economic system is to achieve to low and stable inflation and sustained economic growth. in this study, first, bayesian causal is indentified effective factors on inflation and then using bayesian causal network and determining prior probabilities and posterior probabilities in different scenarios,it is discussed the impacts of this factors on inflati...

Most discussion of the Government’s fiscal position seems to focus on the immediate risks associated with a rising national debt. There is concern that the UK’s credit rating will be reduced and fear that this might lead to a further fall of the exchange rate. It is sometimes suggested that if the budget deficit is not reduced sharply in the reasonably near term there will be a significant risk...

This paper describes interconnection between technical and economical making decision. The reason of this dealing could be different: poor technical condition, change of substation (electrical network) regime, power transformer owner budget deficit and increasing of tariff on electricity. Establishing of recommended practice as well as to give general advice and guidance in economical sector, t...

Results: Empirical analysis uses a dataset of nominal interest rates, money growth, income growth, changes in nominal exchange rate, and budget deficit. From the methodological point of view the paper involves vector autoregression model and Wald tests of Granger causality, followed by impulse response analysis while stationarity and the order of integration of the selected variables are confir...

The water balance of a watershed is critical for the estimation budget to meet present and future domestic economic demand supply water. Water parameters like precipitation, temperature, evapotranspiration soil moisture content deficit surplus determine which further influenced by factors land use, types, seasonal variation other environmental factors. This paper intends estimate Barsachhu usin...

Morocco’s macroeconomic situation in the early 1980s was quite difficult for a variety of reasons including a high external debt and budget deficit. As a result of a Structural Adjustment Plan (SAP), the macroeconomic situation greatly improved. Moreover, social indicators also noticeably improved. For instance, by 2004, the net primary school enrollment rate was 87% while the life expectancy a...

I shaH that in a monetary grol.,rth model Edgel..'Orthsubstitutability betl.,reen consumption and real balances do not in general imply multiple steady state solutions as has been Hidely believed following Drock (1974). I then show that when the government budget constraint is explicit and the deficit is money-financed with fixed real coupons on outstanding bonds, it is not possible to rule out...