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The question of what is a sustainable public debt is paramount in the macroeconomic analysis of fiscal policy. This question is usually posed as asking whether the outstanding public debt and its projected path are consistent with those of the government's revenues and expenditures (i.e. whether...
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Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...
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development of public debt in the United States and six EU countries is sustainable - that is, whether fiscal policies in these … Switzerland, with special emphasis in the EU chapters on the fiscal criteria for entrance into the European Monetary Union and the …
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