WebDOI 10.3386/w29902. Issue Date April 2024. We use discounted cash flow analysis to measure a country's fiscal capacity. Crucially, the discount rate applied to projected … WebMar 8, 2024 · Prior research suggests that fiscal capacity positively affects FDI inflows. Othman et al. ( 2024) examined a panel dataset of seven countries (Malaysia, Indonesia, Singapore, Thailand, the Philippines, India, and China). They found that fiscal capacity was positively associated with FDI inflow.

Figures of the week: Taxation in Africa over the last century - Brookings

Webfiscal capacity over time. Warfare, which encouraged fiscal innovations by states in order to 6 The coefficient for the OLS regression of past war casualties on fiscal capacity is 0.21, with standard deviation 0.05, making it significant at the 1 % level. 7 It is for this reason that we refer to all pre-1914 conflicts as "pre-modern ... Webenvisaged European Fiscal Board as well as a euro area treasury and a euro area fiscal capacity. Section 6 concludes. 2 Recent developments in the euro area fiscal stance . The fiscal stance aims to capture governments’ discretionary policy actions. Two principal ways of measuring the fiscal stance are used in practice (see Box 1). graphic novels drama

A Users’ Guide to Fiscal Capacity in the Basic …

Webfiscal capacity at euro area level would increase public risk -sharing. This would involve fiscal transfers acting as cross-country insurance against large and unforeseen macroeconomic shocks. It may also facilitate private risk-sharing, driving closer credit and capital market integration. Currently, empirical risk-sharing models point to WebDec 6, 2024 · Fiscal Capacity: I use country credit ratings as aggregated by Legatum based on data from S&P, Moody’s, Fitch and DBRS. (Other writers have used indicators such as the level and structure of taxation, budget balance, and macroeconomic stability to measure the “extractive” component of state capacity. All of those considerations, and … WebNov 18, 2024 · Maintaining distance between monetary and fiscal policy is a key condition for Fed independence and credibility. When the Fed extends its reach by allocating credit and engaging in fiscal QE,... graphic novel series for kids