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Persistent link: https://www.econbiz.de/10009681096
Macroeconomic policy in Latin America underwent significant changes in the late nineties. Brazil is an outstanding … example: inflation targeting was introduced in 1999 and a new fiscal policy framework was set up in 2000 with the Fiscal …
Persistent link: https://www.econbiz.de/10010942943
Two issues are addressed in this paper. First, we attempt to ascertain whether the current fiscal policy in Spain satisfies the intertemporal borrowing constraint. For this purpose, we apply the traditional empirical tests of sustainability proposed in the literature, that pay special attention...
Persistent link: https://www.econbiz.de/10005155247
The growth in the interest rates paid on Spanish public debt since 2008 and the impairment of the interbank market have generated concerns about their effects on competition for bank deposits in Spain. I combine a nested logit model of bank deposit supply with a structural model of competition...
Persistent link: https://www.econbiz.de/10010711905
Persistent link: https://www.econbiz.de/10000638143
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restructuring and defaults; in the United Kingdom inflation has dominated, eroding the value of debt; and in Ireland and Spain the …
Persistent link: https://www.econbiz.de/10010862297
bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …
Persistent link: https://www.econbiz.de/10005022245
Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In … countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …
Persistent link: https://www.econbiz.de/10005022247
Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …
Persistent link: https://www.econbiz.de/10005022254