We explore how fiscal consolidations affect private sector confidence, a possible channel for
the transmission of fiscal policy that has received particular attention recently as a result of …

This paper introduces global factors within a FAVAR framework in an empirical affine term
structure model. We apply our method to a panel of international yield curves and show that …

En este trabajo se ofrece evidencia de los efectos positivos de la descentralización fiscal en
el crecimiento económico regional en Colombia desde la promulgación de la Constitución …

The paper aims to investigate the existence of a trade-off between financial market
confidence and national government budget dynamics in the Eurozone. By comparing two …

Does gross or net debt matter for long-term sovereign spreads in emerging markets? The
topic is important for undestanding the borrowing cost implications of public assetliability …

This paper provides evidence for the positive effects of fiscal decentralization on regional
economic growth in Colombia since the enactment of the Political Constitution of 1991. The …

The recent debt crisis in Europe highlighted the importance of institutional design and, in
particular, bail-out clauses in determining States' risk premia in fiscal or quasi-fiscal …

This paper provides evidence on the positive role of fiscal decentralization on regional
economic growth in Colombia since the promulgation of the Political Constitution of 1991 …

EU fiscal rules have been suspended until 2024. European policymakers are considering
whether to reinstate the existing fiscal rules or to define a new framework. Member States …

Muchos países se encuentran implementando las Normas Internacionales de Contabilidad
para el Sector Público (NICSP), bajo el postulado de que con ello se promueve la calidad …