Impact of some macroeconomic variables on financial discipline the experiences of selected countries with special reference to Iraq

A thesis submitted

To the council of the College of Administration and Economics University of Karbala

in partial fulfillment of the Requirements for P.H.D Degree in economic Sciences
by

Hadeel Mohammed Salman AL-Fatlawi

supervised by

prof. D.Mohammed Hussein Kadhim A.P.D Ammar Mahmood Hameed

The issue of Fiscal Discipline is of great importance for most global economies, in addition to its close relationship with the turmoil that the financial and monetary policies are exposed to in light of the economic crises. Therefore, this study seeks to identify the extent to which fiscal Discipline can be achieved, with a focus on analyzing and measuring the impact of (the monetary base, public debt, foreign reserves) in fiscal Discipline, and the budget deficit index was used as an indicator to express fiscal Discipline because it is one of the most important indicators that show the ability of economic policies to control their general budget and then achieve fiscal discipline.

         The main problem of the study lies in the possibility of the influence of each of the monetary base, public debt and foreign reserves on fiscal Discipline within the Jordanian, Norwegian and Iraqi economy? The researcher used the descriptive analysis approach for the study variables, in addition to the quantitative analysis method using the autoregressive distributed time delay (ARDL) model, as well as a set of other economic tests, The researcher concluded that financial discipline is affected by changes in the approved fiscal discipline equation variables, whether this effect is individual or collective. The researcher recommended a set of recommendations, the most important of which is the necessity of coordination between the existing economic policies in order to achieve fiscal discipline as a fundamental pillar for the advancement of the reality of these economies.

Impact of some macroeconomic variables on financial discipline the experiences of selected countries with special reference to Iraq

A thesis submitted

To the council of the College of Administration and Economics University of Karbala

in partial fulfillment of the Requirements for P.H.D Degree in economic Sciences
by

Hadeel Mohammed Salman AL-Fatlawi

supervised by

prof. D.Mohammed Hussein Kadhim A.P.D Ammar Mahmood Hameed

The issue of Fiscal Discipline is of great importance for most global economies, in addition to its close relationship with the turmoil that the financial and monetary policies are exposed to in light of the economic crises. Therefore, this study seeks to identify the extent to which fiscal Discipline can be achieved, with a focus on analyzing and measuring the impact of (the monetary base, public debt, foreign reserves) in fiscal Discipline, and the budget deficit index was used as an indicator to express fiscal Discipline because it is one of the most important indicators that show the ability of economic policies to control their general budget and then achieve fiscal discipline.

         The main problem of the study lies in the possibility of the influence of each of the monetary base, public debt and foreign reserves on fiscal Discipline within the Jordanian, Norwegian and Iraqi economy? The researcher used the descriptive analysis approach for the study variables, in addition to the quantitative analysis method using the autoregressive distributed time delay (ARDL) model, as well as a set of other economic tests, The researcher concluded that financial discipline is affected by changes in the approved fiscal discipline equation variables, whether this effect is individual or collective. The researcher recommended a set of recommendations, the most important of which is the necessity of coordination between the existing economic policies in order to achieve fiscal discipline as a fundamental pillar for the advancement of the reality of these economies.