This paper examines the relationship between fiscal policy and the current account, drawing
on a large sample of advanced, emerging, and low-income economies and using a variety …

We use state and county level variation to examine the impact of the American Recovery
and Reinvestment Act on employment. A cross state analysis suggests that one additional …

Governments around the world responded to the economic fallout from the COVID pandemic
with unprecedented transfers to households and firms, financing these transfers with large …

Spatial panels are a powerful econometric tool for the estimation of space-dependent cross-
sectional time-series models of economic phenomena. A plethora of parameters and …

The world economy is not what it used to be twenty years ago. For most of the 20th century,
the world economy was characterized by developed (North) countries acting as' center'to …

This paper provides new evidence of the existence and magnitude of the “twin deficits” in
developing economies. It finds that 1% of GDP unanticipated increase in the government …

The ability of discretionary fiscal policy to affect economic activity following shocks depends
on how private agents react. This paper re-investigates the extent of possible offsetting …

Austerity policies tend to be generally unpopular and national governments have been
found to lose support when they implement such policies. However, during the sovereign …

Sažetak Recent developments in the Bulgarian economy bring into question the validity of
the twin deficit hypothesis. This paper analyses the theoretical foundations of and alternative …

Recent developments in the economies of the CEE countries bring into question the validity
of the twin deficit hypothesis since we observed combination of high current account deficits …