A Modern History of Fiscal Prudence and Profligacy PDF (Adobe DRM) download by Paolo Mauro

A Modern History of Fiscal Prudence and Profligacy

INTERNATIONAL MONETARY FUND
Publication date: January 2013
ISBN: 9781475570175
Digital Book format: PDF (Adobe DRM)

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We draw on a newly collected historical dataset of fiscal variables for a large panel of countries-to our knowledge, the most comprehensive database currently available-to gauge the degree of fiscal prudence or profligacy for each country over the past several decades. Specifically, our dataset consists of fiscal revenues, primary expenditures, the interest bill (and thus both the primary and the overall fiscal deficit), the government debt, and gross domestic product, for 55 countries for up to two hundred years. For the first time, a large cross country historical data set covers both fiscal stocks and flows. Using Bohn's (1998) approach and other tests for fiscal sustainability, we document how the degree of prudence or profligacy varies significantly over time within individual countries. We find that such variation is driven in part by unexpected changes in potential economic growth and sovereign borrowing costs.
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A Modern History of Fiscal Prudence and Profligacy PDF (Adobe DRM) download by Paolo Mauro
INTERNATIONAL MONETARY FUND, January 2013
ISBN: 9781475570175
EAN:  9781475570175
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
A Modern History of Fiscal Prudence and Profligacy ePub (Adobe DRM) download by Paolo Mauro
INTERNATIONAL MONETARY FUND, January 2013
ISBN: 9781616358778
EAN:  9781616358778
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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