## Abstract This paper uses the fiscal response framework to study the effects of aid flows on key fiscal aggregates in Senegal, over the period of 1970β2000. Attention is given to the interplay between aid and debt. The paper contributes to the empirics of fiscal response modelling by deriving the
Inflation, debt, fiscal policy and ambiguity
β Scribed by Maxwell J. Fry; Peter Sinclair
- Publisher
- John Wiley and Sons
- Year
- 2002
- Tongue
- English
- Weight
- 115 KB
- Volume
- 7
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.184
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract This paper models the behaviour of discounted US debt using a Markovβswitching time series model. The significance of modelling fiscal policy within this framework derives from the implications it has for longβterm sustainability. The twoβregime framework used in this paper identifies p
## Abstract This paper estimates a model of fiscal response to analyse the impact of aid on government consumption and investment, tax revenue and public borrowing in Nicaragua in 1966β2004. This country is an interesting case study since aid flowsβi.e. grants and aid loansβaveraged more than 8 per
## ABSTRACT In this paper, we estimate the impact of changes in fiscal policy regime on the yield curve. In particular, we differentiate between yield curve responses under __active__ and __passive__ fiscal policy regimes (according to the terminology of Leeper (1991)). Analyzing US data in the per
## Abstract This paper contributes to the fiscal response literature. By appropriately incorporating asymmetric policy preferences, it derives a model that the literature has long been searching for. It proceeds by discussing the implications regarding the results from previous studies. Copyright Β©