This paper presents a framework for assessing the fiscal condition index (FCI) and develops a concept to assess fiscal condition of governments and implements it into Iran government as an oil exporting country. The concept consists of four dimensions ­-revenue, expenditure, budget balance, and debt structure-and each dimension has its own indicators. There are seven indicators examined namely ...

Inflation is generally seen as a monetary phenomenon whose effective control through the management of money supply, interest rates, and exchange rates. Another opinion views inflation fiscal that controlled effectiveness tax revenues state expenditures avoiding budget deficit triggers an increase in government external debt. This study aims to examine analyze volatility monetary-fiscal combina...

Abstract Although some regard the New Deal of 1930s as exemplifying an aggressive fiscal and monetary response to a severe economic crisis, US policy responses COVID‐19 crisis have actually been far more substantial – and, so far, much effective in reviving aggregate spending. many fear that these responses, large‐scale increase bank reserves especially, must eventually cause unwanted inflation...

this paper, i have focused on the tax side of the fiscal policy to  investigate the past and future behavior of fiscal sustainability in iran. to do so, i have employed two different forward-looking and backward-looking approaches. first, the backward-looking approach is the fiscal policy rule proposed by daving & leeper (2011). precisely, this rule determines that whether the fiscal policy is ...