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Persistent link: https://www.econbiz.de/10013548662
investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …
Persistent link: https://www.econbiz.de/10014408564
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment … management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent …
Persistent link: https://www.econbiz.de/10014408539
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize …
Persistent link: https://www.econbiz.de/10014400137
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
rates to adjustments in the Bundesbank’s Lombard and discount rates. The results shed light on the efficiency of this market …
Persistent link: https://www.econbiz.de/10014400820
, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …
Persistent link: https://www.econbiz.de/10014396489
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...
Persistent link: https://www.econbiz.de/10011874333
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a...
Persistent link: https://www.econbiz.de/10014408716