Table B2 in Appendix B shows the periods with a successful fiscal adjustment in our sample. Out of 197 observations that we identify as a fiscal adjustment year, we classify 93 as successful. 4. Method We use a dynamic panel data model to estimate the effect of fiscal rules and budget tra...
section to translate them into changes in the 10-year bond yields, thereby incorporating the impact of acute physical risks on future borrowing costs. As mentioned earlier, various other factors influence the 10-year yield levels, so we control for these variables in our model (see...
The result is presented in Tables A7 in the Appendix. Panel quantile regression results Figure 2 below shows the quantile plots for the primary budget balance and the structural budget balance. The symmetric nature of the graphs justifies the use of the quantile regression technique. The results ...
Budget, Appropriations and expendituresThe /exchanger () supplies cyst(e)for the production of , a major cellular anti-oxidant. is enriched in brain regions associated with . Previous studies have shown that the malfunction of this protein greatly attenuates in vitro and is associated with in ...
While government departments spend almost as much of their budget at the start of the year as in November, auctions at the year-start are more competitive. These tenders have on average 1.318 bidders and the proportion of competitive lots is also higher (12.7%) than at year-end. We next ...
, and in order to control the effect of the discretionary fiscal stance, we added the primary government expen diture gap as a percentage of GDP (EXP_P_GAP).3 We provide a detailed description of the vari ables as well as of the data sources in Table A1, in the Appendix. ...
Fuest et al., 2019; Feld et al., 2019; Hüther and Südekum, 2020; Wissenschaftlicher Beirat BMWK, 2023; Sachverständigenrat, 2024; Beznoska et al., 2024). The 'Golden Rule' is principally understood as a fiscal policy guideline, which states that a public budget should - over an...
Independent body - takes the value of 1 if an independent body that sets budget assumptions or monitors budget implementation exists, 0 otherwise. vi. multi-year expenditure ceiling - takes the value of 1 if this characteristic exists, 0 otherwise. Characteristics (iv.)−(vi.) apply only ...
likelytoleadtoearlieraction.Republicans,inparticular,wouldlikelystartthebudget reconciliationprocessearlyintheyear,potentiallypassingabillbymid-year.Democratsmighttakeslightlylonger,astheirplansinvolveanumberofnewpolicies,butwewould expectactionbyQ3.Bycontrast,taxextensionsmightnotpassunderadividedoutcomeuntilthe?nalda...
Tank Waste Remediation System fiscal year 1996 multi-year program plan WBS 1.1. Revision 1, Appendix A This document is a compilation of data relating to the Tank Waste Remediation System Multi-Year Program. Topics discussed include: management systems; wast... WH Co - 《Office of Scientific ...