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This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and … quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low …
Persistent link: https://www.econbiz.de/10011303821
This paper analyzes the implementation of Fiscal Rules (FR) in Argentina. Several clear attempts to establish a FR at …, had Argentina complied with the 2004 FR. Moreover, an econometric exploration of the link between flexible FRs and public … investment. Based on the previous analysis, guidelines for a proposal for a FR in Argentina are provided. …
Persistent link: https://www.econbiz.de/10012586827
of the recent weak economic performance of Argentina lie in domestic economic policies. These policies sometimes …
Persistent link: https://www.econbiz.de/10013112401
Persistent link: https://www.econbiz.de/10003850676
Japan's debt-to-gross domestic product (GDP) ratio is the highest among Organisation for Economic Co-operation and Development (OECD) countries. This paper will firstly answer the question of whether Japanese government debt is sustainable. Next, while the Domar condition and Bohn's condition...
Persistent link: https://www.econbiz.de/10011283728
Persistent link: https://www.econbiz.de/10011376702
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In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...
Persistent link: https://www.econbiz.de/10011437921
This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an impact on the deficit policy of member states. The empirical analysis gives no hint for an alteration of deficit policy after having joined EMU or after having breached the Pact in...
Persistent link: https://www.econbiz.de/10011488439
How does the need to preserve government debt sustainability affect the optimal monetary and fiscal policy response to a liquidity trap? To provide an answer, we employ a small stochastic New Keynesian model with a zero bound on nominal interest rates and characterize optimal time-consistent...
Persistent link: https://www.econbiz.de/10010400894