Open Access

Fiscal Policy Stance and Debt Sustainability in SEE countries: A Comparative Analysis


Cite

Bank of Greece (2009), Challenges and Prospects of SEE Economies in the wake of the Financial Crisis, Conference jointly organised by the Bank of Greece and the University of Oxford (SEESOX), Athens, 16 October.Search in Google Scholar

Barro, R. J. (1979), ‘On the Determination of Public Debt’, Journal of Political Economy, 87, 940-971.10.1086/260807Search in Google Scholar

Bartolini, L. and A. Lahiri (2006), ‘Twin Deficits: Twenty Years Later’, Current Issues in Economics and Finance, Federal Reserve Bank of New York, 12, 7, October.Search in Google Scholar

Blanchard, O. J., J. C. Chouraqui, R. P. Hagamann and N. Sartos (1990), ‘The Sustainability of Fiscal Policy: New Answers to an Old Question’, OECD Economic Studies, 15, 7-36.Search in Google Scholar

Bohn, H. (1998), ‘The Behaviour of US Public Debt and Deficits’, Quarterly Journal of Economics, 113-949-963.10.1162/003355398555793Search in Google Scholar

Bohn, H. (2007), ‘Are Stationarity and Cointegration Restrictions Really Necessary for the International Budget Constraint’, Journal of Monetary Economics10.1016/j.jmoneco.2006.12.012Search in Google Scholar

Debrun, X. and C. Wyplosz (1999), ‘Onze Gouvernements et une Banque Centrale’, Revue d' Economic Politique, 109, 387-424.Search in Google Scholar

Gardó, S. and R. Martin (2010), ‘The Impact of the Global Economic and Financial Crisis on Central and South eastern Europe. A Stock-taking Exercise’, ECB Occasional Paper Series, no 114, June.10.2139/ssrn.1626117Search in Google Scholar

Gali, J. and R. Perotti (2003), ‘Fiscal Policy and Monetary Integration in Europe’, CEPR Discussion Paper no 3933.10.3386/w9773Search in Google Scholar

Goldstein, M. (2007), ‘Emerging Market Financial Crises: Lessons and Prospects’, speech delivered at the 25th Anniversary Membership Meeting of the Institute of International Finance, 20 October.Search in Google Scholar

Hardouvelis, G. (2011), ‘The World after the Crisis: SEE Challenges and Prospects’, Bank of Greece, Special Conference Paper Series, 1.Search in Google Scholar

Hamilton, J. and M. Flavin (1986), ‘On the Limitations of Government Borrowing: a framework for empirical testing’, American Economic Review, 76, 808-819.Search in Google Scholar

IMF (2008), Staff Country Report: Serbia, no 08/55, February.Search in Google Scholar

IMF (2003), ‘Public Debt in Emerging Markets: Is it too high?’ World Economic Outlook 3, 113-152, September.Search in Google Scholar

Kose, M. A., E. S. Prasad and M. E. Terrones 2003), ‘Financial Integration and Macroeconomic Volatility’, IMF Staff Paper, 50, 119-142.10.2139/ssrn.3923430Search in Google Scholar

Krugman, P. (1979), ‘A Model of Balance of Payments Crises’, Journal of Money, Credit and Banking, 11, 311-325.10.2307/1991793Search in Google Scholar

Lustasa da Costa, C. E. E (2010), ‘Public Debt Sustainability’ in Public Debt: the Brazilian Experience, August, World Bank Group and the Brazilian National Treasury, Part 1, ch. 3, 73-90.Search in Google Scholar

Mélitz, J. (1997), ‘Some Cross-Country Evidence about Debt Deficits and the Behaviour of Monetary and Fiscal Authorities’, CEPR Discussion Papers no 1653.Search in Google Scholar

Mendoza, E. G., A. Razin and L. L. Tesas (1994), ‘Effective Tax Rates on Factor Incomes and Consumption’, Journal of Monetary Economics, 34, 297-323.10.1016/0304-3932(94)90021-3Search in Google Scholar

Persson, T. and L. E. O. Svensson (1989), ‘Why a Stubborn Conservative Would Run a Deficit? Policy with Time-Inconsistent Preference’, Quarterly Journal of Economics, 104, 325-345.10.2307/2937850Search in Google Scholar

Reinhart, C., K. Rogoff and M. Savastano (2003), ‘Debt Intolerance’ in Brookings Papers on Economic Activity, 1, 1-62.10.1353/eca.2003.0018Search in Google Scholar

Reinhart, C. M and K. S. Rogoff (2009), This Time is Different. Eight Centuries of Financial Folly, Princeton University Press.10.1515/9781400831722Search in Google Scholar

Reinhart, C. M and K. S. Rogoff (2010), ‘From Financial Crash to Debt Crisis’, NBER WP no 15795, March.10.3386/w15795Search in Google Scholar

Rogoff, K. (1990), ‘Equilibrium Political Budget Cycles’, American Economic Review, 80, 21-36.Search in Google Scholar

Sheikh, K. and P. Heijmans (2004), ‘New Developments in Country Risk: the New Anatomy of Crises, Rising Public Debt Burdens and Basel II’, in S. Wilkin (ed.), 3, 37-56.Search in Google Scholar

Teferra, H. and E. Mottu (2004), ‘Gross Domestic Capital Formation and External Deficits’ in IMF, Republic of Serbia: Selected Issues, 6-13.Search in Google Scholar

Wilkins, S. (ed. 2004), Country and Political Risk: Practical Insights for Global Finance, Risk Books.Search in Google Scholar

ISSN:
1840-118X
Language:
English
Publication timeframe:
2 times per year
Journal Subjects:
Business and Economics, Political Economics, other, Business Management