Fiscal Sustainability in the EUFiscal sustainabilitypublic expenditurerevenuesprimary deficitpublic debtEUpanel dataWe assess the sustainability of fiscal policy in the EU-28 countries over the 1980-2015 years. Panel unit root tests in presence of cross-sectional dependence sSocial Science Electronic ...
The COVID-19 pandemic serves as a unique case for studying the impact of fiscal policy on climate A&R. The level of fiscal spending during the COVID-19 pandemic was unprecedented, in real terms almost four times the amount spent in response to the global financial crisis of 2007–200811....
Recurrent large fiscal deficits and accumulating public debt frequently ring alarm bells around the world on the sustainability of U.S. federal fiscal policy. The present-value borrowing constraint, which states that, for the fiscal policy to be sustainable the current debt stock should match the ...
This study examines Russia's short- and long run fiscal sustainability. The study reveals the possible risks, if fiscal sustainability deteriorates on the general government budget level. By employing a special fiscal stress index, Russia's public finances are evaluated as sustainable in the short ...
Presenting divergent diagnoses and policy prescriptions, the papers collectively highlight the many factors that governments and health care sector managers must confront to keep the Canadian health care system viable in the 21st century. Author / Editor information Forest Pierre-Gerlier : Pierre-Gerli...
As innovation is risky, firms may choose green innovation strategies that cater to the government’s motives and preferences. Merely analyzing the quantity of green innovation does not capture such behavior. Therefore, we explore the impact of government audits on green innovation strategies. Second...
Moreover, it is not recommended to include countries with different political regimes where monetary and fiscal policies have different features in the same study. To overcome this problem, reference [28] included only non-IT countries with real per capita GDP at least as large as that of the...
www.allianz.com/sustainability Group profile Whatever tricks nature plays, whichever trends the financial markets follow, whenever risks turn into an emergency or a loss, Allianz stands by its clients, protecting them and helping them to realize their goals in life – as it has done since its ...
economy of fiscal consolidation, as well as its macroeconomic and social impacts. We find that fiscal consolidation is often necessary and successful in restoring fiscal sustainability by stopping debt accumulation, but less successful in lowering debt levels; moreover, it can also entail ...
Rising domestic consumption of goods and services, and a wide base of industrial and natural resources are the foundation of Brazil's economy. Brazil's image as a commodity-rich nation attracts foreign investment, which creates challenges such as the unwelcome side effect of pushing the currency ...