This paper studies the relationship between public debt and economic growth for selected emerging markets performing panel data estimations. Several regressor variables are included, but the main focus is on public debt. The results reveal a significant positive correlation between public debt and the subsequent growth rate of per capita GDP. Population and investment also yield a significant p...

this paper, i have focused on the tax side of the fiscal policy to  investigate the past and future behavior of fiscal sustainability in iran. to do so, i have employed two different forward-looking and backward-looking approaches. first, the backward-looking approach is the fiscal policy rule proposed by daving & leeper (2011). precisely, this rule determines that whether the fiscal policy is ...

Using monthly data spanning from 1993 to 2021 and employingthe DCC-GARCH model, this study examines the role ofEconomic Policy Uncertainty (EPU) as a potential exogenousfactor impacting correlation of Brazil, Russia, India, andChina (BRIC) economies’ stock markets, which is new theliterature. Further, dynamic series used adependent variable while EPU BRIC USA anindependent by utilizing autoregr...

We study supply and demand shocks in a disaggregated model with multiple sectors, factors, input-output linkages, downward nominal wage rigidities, credit-constraints, zero lower bound. use the to understand how COVID-19 crisis, an omnibus shock, affects output, unemployment, inflation, leads coexistence of tight slack labor markets. show that negative sectoral are stagflationary, whereas defla...

Testing cyclicality of fiscal policy is pertinent in any country to observe its type with the business cycle. In oil abundant economy, price and trade openness may also play a role determining cyclicality. This research probes economic growth, openness, on government consumption growth verify Saudi Arabia from 1971 2018. The cointegration test Pesaran (2001) utilized hypothesis augmented critic...

Az elmult evtized a fuggetlen koltsegvetesi intezmenyek robbanasszerű elterjedeset hozta az egesz vilagon. Ez intezmenyepitesi folyamat - amely Europai Unioban jogszabalyi előirasok miatt kulonosen erőteljesen jelentkezett osszhangban all azzal gyakorlati es elmeleti kozgazdaszok koreiben is erősodő megfontolassal, szabalyalapu fiskalis keretrendszerek alkalmazasaban kulonfele szamszerű korlato...