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The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country's fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the...
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The handbook is organized around three themes: (i) basic theory and tools for everyday use, (ii) the effects of … business cycles on public finance and the role of fiscal rules, and (iii) crises and their impact on fiscal sustainability. The … sustainability further, by extending it to topics at the forefront of policy debates in the recent past …
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of fiscal policy sustainability in economies which operate in a highly volatile macroeconomic environment …
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This article uses simple and self-contained optimal control theory and martingale methods to find optimal government …
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Um die fiskalische Nachhaltigkeit der Politik bzw. einzelner Reformmaßnahmen zu messen, hat die Wirtschaftswissenschaft …‐Jahre in den USA entwickelt wurde. Der vorliegende Beitrag präsentiert die Ergebnisse der Generationenbilanzierung des … für die Nachhaltigkeit der deutschen Fiskalpolitik untersucht. …
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