Maintaining price stability requires not only commitment to an appropriate monetary policy rule, but an appropriate fiscal policy rule as well. Ricardian equivalence does not imply that fiscal policy is irrelevant, except in the case of a certain class of policies (“Ricardian” policies). The role of fiscal developments in inflation determination under a non-Ricardian regime is illustrated throu...

Facing a projected $1.4M deficit on a $35M operating budget for fiscal year 2011/2012, members of the Dalhousie University Faculty of Medicine developed and implemented an explicit, transparent, criteria-based priority setting process for resource reallocation. A task group that included representatives from across the Faculty of Medicine used a program budgeting and marginal analysis (PBMA) fr...

Abstract This paper examined the impact of fiscal deficit on inflation in Namibia. The employed Autoregressive Distributed Lag Model (ARDL) and Granger causality approach using quarterly data for period 2002 - 2017. Empirical results showed evidence a long run positive effect suggests that has direct study also found unidirectional running from to confirmed South Africa’s prices have key policy...

Executive Summary This paper reviews budget expenditure trends in Tamil Nadu and the key indicators of fiscal performance, during the period 1980/81-1998/99. The review indicates the emergence of large and persistent current and fiscal deficits from 1987/88. Revenue financed expenditures have grown rapidly as successive five year plans have led to increasing magnitudes of committed non-plan dev...

This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by the RBI’s sterilizing these inflows an...