BACKGROUND Trends and predictors of domestic spending from public sources provide national authorities and international donors with a better understanding of the HIV financing architecture, the fulfillment of governments' commitments and potential for long-term sustainability. METHODS We analyzed government financing of HIV using evidence from country reports on domestic spending. Panel data...

Fiscal policy is a policy that tries to achieve certain economic goals through instruments such as changes in government expenditure and taxation. The financial policy uses two instruments of government revenue (tax) and government spending (spending) to influence the economy. And in the economic literature, they consider economic growth to be equal to GDP. The impact of financial policies on e...

We provide a multiperiod model of political competition in which voters imperfectly observe the electoral promises made to other voters. Imperfect observability generates an incentive for candidates to offer excessive transfers even if voters are homogeneous and taxation is distortionary. Government spending is larger than in a world of perfect observability. Transfers are partly financed throu...

Government spending multiplier is usually defined as a factor of proportionality that measures how much output changes in response to a change in the exogenous government spending shock. This assumption is inconsistent with the reality that fiscal stimulus are themselves endogenous and state dependent. This paper developed a endogenous regime switching framework in a rational expectation DSGE m...