This paper examines whether the effects of oil market shocks on economic activity and
exchange rates in oil-exporting countries depend on the stage of economic development or …

We explore under different exchange rate regimes how fiscal rules and institutions can
reduce the procyclical stance of fiscal policy (ie how government spending responds to GDP …

In this paper, we show that the proportion of private debt denominated in foreign currency
can be a determinant of the size of the domestic fiscal multiplier. The demonstration relies on …

The transmission of the impact of public spending on GDP growth is determined directly or
indirectly by different structural characteristics of economies. The realization of the economic …

The COVID-19 crisis has put the European Union's (EU) ability to respond to external
challenges to test. It is not a new issue that has arisen due to the current crisis. The global …

In the current literature, theoretical, and empirical studies present varying implications
regarding the effectiveness of countercyclical fiscal policy in stabilizing the economy. While …

As monetary policies quickly reached their limits in the fight against the detrimental
consequences of the 2008–2009 financial crisis, it has become clear that the burden of …

This paper investigates spillovers to the Irish economy from a fiscal expansion in the rest of
the euro area. We examine spillovers for government consumption and government …

This paper aims to investigate the effects of various fiscal policy measures for small and
open economies by analysing the implications of fiscal shocks in the Baltic countries based …

Objective: Revenue enhancement through improving the tax efficiency generates more
income for the government without increasing the tax burden, and sustain economic growth …