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Chapter 15 Intergenerational altruism and neoclassical growth models
Michel, Philippe; Thibault, Emmanuel; Vidal, Jean-Pierre - In: Handbook of the economics of giving, altruism and …, (pp. 1055-1106). 2006
This chapter surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an altruistic concern only for their children, who in...
Persistent link: https://www.econbiz.de/10014023663
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Chapter 6. Intergenerational Risk Sharing
Beetsma, R.; Romp, W. - In: Handbook of the economics of population aging : Volume 1, (pp. 311-380). 2016
This chapter reviews the literature on intergenerational risk sharing (IRS). We explore to what extent and how a market economy with an appropriate institutional setting can replicate a social planner's solution in models with increasing levels of complexity. In particular, we do this for...
Persistent link: https://www.econbiz.de/10014023478
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Die Jagd auf den Zins oder: die Fiskalpolitik der Regierung Monti und ihre Folgen
Grasse, Alexander - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 11, pp. 751-758
Italien leidet politisch und ökonomisch unter der Finanzkrise in der Europäischen Union. Das Wachstum ist negativ und …Mario Monti became Prime Minister of Italy in the autumn of 2011 after the refinancing of Italy’s debt in the financial … markets had almost failed. The Monti government has since made the lowering of the risk premium for Italy’s government bonds …
Persistent link: https://www.econbiz.de/10009678971
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Improving the fiscal framework to enhance growth in an era of fiscal consolidation in Slovakia
Klein, Caroline; Price, Robert W.; Wörgötter, Andreas - 2013
The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...
Persistent link: https://www.econbiz.de/10009711240
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Creative accounting practices and measurement methods : evidence from Turkey
Ozkaya, Ata - 2014
A fiscal rule imposed when the budget is not transparent yields more creative accounting to circumvent it and less fiscal adjustment, generating hidden deficits/debts in public sector. This study focuses on creative accounting practices of governments and adds to the literature by measuring...
Persistent link: https://www.econbiz.de/10010404691
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The Political Economy of Fiscal Consolidation
Price, Robert - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10012446110
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Strategies for Countries with Favourable Fiscal Positions
Price, Robert; Joumard, Isabelle; André, Christophe; … - 2008
The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD...
Persistent link: https://www.econbiz.de/10012446857
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Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia
Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013
The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...
Persistent link: https://www.econbiz.de/10011277021
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Getting Back on Track: Restoring Fiscal Sustainability in Ireland
Haugh, David - Economics Department, Organisation de Coopération et … - 2011
Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...
Persistent link: https://www.econbiz.de/10009364451
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Managing Public Expenditure: The UK Approach
Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2002
The UK medium-term budgetary framework introduced in 1997 addressed a number of weaknesses of the former regime, notably a bias against capital expenditure and, more generally, poor conditions for longerterm planning adversely affecting central government spending departments, local authorities...
Persistent link: https://www.econbiz.de/10005045652