The aim of this study is to examine the nonlinear effects of fiscal and monetary policies on inflation during 1990:3 to 2013:1 based on threshold model. First lag of the liquidity growth is recognized as threshold variable with threshold value estimated at 6.37 percent. In low liquidity growth, the results indicate that inflation expectations and the lagged liquidity growth are the most importa...

This paper uses (tele)presence concepts to explore the practical and philosophical implications of the simulation argument: the notion that individuals may be trapped within manufactured realities. After describing a series of hypothetical simulation scenarios, key distinguishing dimensions of the scenarios are considered and implications for epistemology, religion and morality, mortality, and ...

Our work in the Czech Republic and in FYR Macedonia demonstrates the importance of including contingent liabilities when assessing the magnitude of the true fiscal adjustment, and when analyzing fiscal sustainability. To the extent that explicit expenditures are shifted off-budget or replaced by the issuance of guarantees, the achieved improvement in fiscal balances is overstated. For the Czech...

This paper discusses some of the salient issues involved in implementing the illusion of a shared-memory programming model across a group of distributed memory processors from a cluster through to an entire GRID. This illusion can be provided by a distributed shared memory (DSM) system implemented by using autonomous agents. Mechanisms that have the potential to increase the performance by omit...

A hierarchical framework is proposed to address the issues of modeling different type of words in keyword spotting (KWS). Keyword models are built at various levels according to the availability of training set resources for each individual word. The proposed approach improves the performance of KWS even when no training speech is available for the keywords. It also suggests an easier way to co...

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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 ...

What determines government spending in South Africa? The paper estimates the determinants of real per capita government spending in the Republic of South Africa, using annual data for the period 1960 to 2007, a tumultuous period during which South Africa experienced a variety of internally imposed changes (e.g., the abolition of apartheid, changes in political institutions) and externally gener...

The purpose of this research was to review the influence or effect fiscal policies on Ghana’s development based a survey available literature. This accomplished by conducting systematic internet search using an array keywords—fiscal policy, policy in Ghana, challenges fiscal. We find that there is large body empirical impact growth with varied results cross-sectional, time-series, and panel dat...