Cyclicality of the fiscal policy
WebKeywords: Fiscal rules, fiscal policty, cyclicality, emerging markets, developing economies Authors’ E-Mail Addresses: [email protected]; [email protected]; [email protected] 1 This working paper is based on the IMF-World Bank Conference on Fiscal Policy, Equity, and Long-Term WebMetadata. This paper studies the cyclical aspects of fiscal policy in Sub-Saharan Africa countries during 1970–2014. It compares the cyclical properties of real government consumption in the region with those in other developing regions and high-income countries, and examines whether there has been a change in the cyclical nature of fiscal ...
Cyclicality of the fiscal policy
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WebDownloadable! We assess the cyclicality of fiscal policy in the 19 Euro area countries, notably during recessions, for the period 1995-2024. We use a time-varying measure of fiscal cyclicality to describe fiscal policy developments. The results suggest that during recessions discretionary fiscal policy becomes more pro-cyclical, but the overall budget … Webfiscal frameworks during and after large stabilization and policy reform episodes. The paper also finds that the greater use of fiscal rules has not shielded these countries from …
WebJun 22, 2024 · In principle, there are only two fiscal indicators to measure the cyclicality of fiscal policy: government consumption (as opposed to government spending that … Webfiscal cyclicality. Variation in cyclicality has been observed across different components of fiscal policy viz. government expenditure and revenue as well. The findings of the empirical studies in this regard are discussed below. 1.1 Cyclicality across countries Empirical findings reveal that in the advanced economies, the fiscal policy tends ...
WebOct 6, 2010 · A survey of recent literature on cyclical properties of fiscal policy reveals that fiscal policy is procyclical in many developing countries whereas it is countercyclical in … Webeconomic circumstances where fiscal decentralization can improve or worsen fiscal policy performance. This paper contributes to the existing literature in the following ways. First, it analyzes both expenditure and revenue decentralization. Second, it investigates both the fiscal balance and the cyclicality of fiscal policy.
Web1 day ago · For the first quarter of its 2024 fiscal year, which ended Dec. 31, Emerson reported revenue of $3.4 billion, up 7% from the year-ago quarter, and net earnings available to common stockholders of ...
WebOur model is able to replicate the relationship between the degree of cyclicality of fiscal policy and the volatility of consumption, investment and the current account we observe in OECD countries. A policy that let automatic stabilisers work can effectively smooth economic fluctuations, especially after structural reforms that raise the ... celebrities who are scientologists 2017WebJun 10, 2015 · Another study by Carneiro and Garrido (2015) investigated the cyclical movements of fiscal policy practices using unbalanced panel data analysis methods for a comprehensive sample, including... celebrities who are rude to their fansWebcyclical to countercyclical fiscal policy. When combined with the scale of - observed fiscal pro-cyclicality, our findings on the consequences of pro-cyclical fiscal policy … celebrities who are sick or dyingWeband emerging economies. Several approaches have been taken to assess fiscal cyclicality. For instance, the Fiscal Monitor (IMF 2015b) looks at the overall fiscal balance to GDP ratio and interprets the response to output fluctuations as a measure of fiscal stabilization (the sum of automatic stabilizers and discretionary fiscal policy). celebrities who are siblingsWebThis paper analyzes the cyclicality of public sector wage bill spending in Europe and Central Asia and assesses the impact of wage bill spending on fiscal discipline before, during, and after the global financial crisis of 2008/09. While there are important differences across countries, the results show that public sector wage bill spending tends to behave … buy ao725 motherboardWebCyclicality of Fiscal Policy over the Business Cycle: An Empirical Study on Developed and Developing Countries Bogdan Bogdanov* Abstract This paper presents strong empirical evidence that automatic stabilizers and countercyclical fiscal policy decrease output volatility. The conducted empirical analysis proves the economic celebrities who are recovering alcoholicsWebJul 9, 2024 · The usual cyclicality of U.S. federal fiscal policy From a macroeconomic perspective, the stance of federal fiscal policy can be summarized by movements in the … buy a office