This paper aims to answer two questions: What has caused the poor fiscal performance of the Philippines in recent years? Is it the result of unfortunate events, macroeconomic shocks or misdirected fiscal policy? Using time series data and 2SLS estimation method, two measures of public deficits -...
The principles of fiscal policy are to: (a) avoid persistentbudget deficits;(b)implement fiscal policy which should promote economic [...] legco.gov.hk legco.gov.hk 財政政策的原則是:(a)避免出現持續的財政赤字;(b)實施的財 政政策須能夠推動經濟發展及提高經濟效益及生產力;及(c)保持 ...
The agency forecasts a $1.6 trillion shortfall in fiscal 2024 — it is already at $855 billion through the first seven months — that will balloon to $2.6 trillion by 2034. As a share of GDP, the deficit will grow from 5.6% in the current year to 6.1% in 10 years. “Since the Gre...
Results show that a weak fiscal stance, low economic growth, the timing of parliamentary elections and majority left-wing governments are the main causes of excessive deficits in the EU countries. Moreover, the institutional constraints imposed after Maastricht over the EU countries' fiscal policy ...
We don’t know what the “other adverse effects” supposedly are. We suspect the CBO has no idea, either. Finally, the federal government’s fiscal position isinvulnerable. It can pay any bill of any size at any time it chooses.
The principles of fiscal policy are to: (a) avoid persistentbudget deficits;(b)implement fiscal policy which should promote economic [...] legco.gov.hk legco.gov.hk 財政政策的原則是:(a)避免出現持續的財政赤字;(b)實施的財 政政策須能夠推動經濟發展及提高經濟效益及生產力;及(c)保持 ...
However, public adminis- tration, fiscal oversight and even the scientific debate lack a broad consensus regarding proper criteria and guide- lines to assess economic feasibility as an austerity princi- ple [62–64]. Thus, the imperative of economic feasibility in public policy and planning is at...
Estimating the effects of government debt and deficits on Treasury yields is complicated by the need to isolate the effects of fiscal policy from other inf... T Laubach - 《Finance & Economics Discussion》 被引量: 1204发表: 2003年 Budget Deficits and Budget Institutions By discussing the availa...
Some argue that the post-pandemic inflationary surge was exacerbated by fiscal policy that was too generous for too long. On the monetary side. A free market is most efficient if prices are allowed to find a natural point of equilibrium. Too much intervention from the Fed can impede the ...
Meanwhile, here in America, we have our own “PIGS”; only the U.S. has many more, and they are much fatter with debt. According to theCenter on Budget and Policy Priorities,a group that looks out for the poor, says,“The worst recession since the 1930s has caused the steepest decli...