The paper examines the long-run relation and short-run dynamics between electricity prices
and three fossil fuel prices–coal, natural gas and crude oil–using annual data for the US for …

The financial crises that had begun as a sub-prime crisis in the USA in 2007 had plunged a
great many economies throughout the world into deep economic recessions. It seemed that …

In this paper, we re-examine the long-run sustainability of budget deficits, when fiscal policy
is conducted as a non-linear process. Our empirical methodology makes use of recent …

The paper studies the long-run relation and short-run dynamics between real oil prices and
real exchange rates in a sample of 13 oil-exporting countries. The purpose of the study is to …

Corsetti and Roubini [Corsetti, G., Roubini, N., 1991. Fiscal deficits, public debt and
government solvency: Evidence from OECD countries. Journal of Japanese and …

Whether or not a government deficit is sustainable has important implications for policy. If the
debt of a nation is sustainable, then it implies that the government should have no incentive …

Price determination theory typically focuses on the role of monetary policy, while the role of
fiscal policy is usually neglected. From a different point of view, the Fiscal Theory of the Price …

The objective of this paper is to examine the government revenue and expenditure
relationship in the context of what is known as the soft and hard budget constraint strategy …

This paper studies the nonlinear adjustment between industrial production and carbon
prices–coined as 'the carbon-macroeconomy relationship'–in the EU 27. We model carbon …

We assess the time‐varying features of fiscal sustainability in the euro area via revisiting the
empirical relationship between the primary budget surplus and the debt‐to‐GDP ratio …