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This paper analyzes, in a public finance context, how the optimal use of the inflation and the consumption tax is affected by incorporating into the model constraints on policy decisions that are likely to develop in the context of the EMS by 1992. Two main questions are addressed: first, how...
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The Millennium Ecosystem Assessment, the first global assessment of the state of the world's ecological health, published in March 2005, identified global fisheries as one of fi ve global systems in critical condition. This paper is one of many studies that show how on local, regional, and...
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This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …
Persistent link: https://www.econbiz.de/10014400163
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
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