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Change, continuity and consolidation assessing five years of Montenegro's independence

Morrison, Kenneth - London School of Economics (LSE) - 2011

The first publication in the LSEE Papers series, Tim Judah's stimulating paper on the emergence of increased cooperation and links across the former Yugoslavia, initiated a lively debate in the region itself and also further abroad. Keen to maintain this momentum with the second issue we are...

Persistent link: https://www.econbiz.de/10010746206

Fiscal decentralization and economic growth in Central and Eastern Europe

Rodríguez-Pose, Andrés; Krøijer, Anne - London School of Economics (LSE) - 2009

The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...

Persistent link: https://www.econbiz.de/10011071215

The privatisation of public utilities in Croatia: an assessment of the major gains and pains

Čučković, Nevenka; Jurlin, Krešimir; Vučković, … - London School of Economics (LSE) - 2011

The aim of the research on which this paper is based was to investigate, and where possible measure, the effects of policies of marketisation and privatisation of the telecommunication and the oil and gas industries in Croatia with respect to their business efficiency, management, employment...

Persistent link: https://www.econbiz.de/10011071313

New-keynesian or RBC transmission? The effects of fiscal shocks in labour markets

Pappa, Evi - London School of Economics (LSE) - 2005

We study the mechanics of transmission of fiscal shocks to labour markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New- Keynesian model and use part of them to identify shocks in the data. In line with the...

Persistent link: https://www.econbiz.de/10010928790

New Evidence on the Remedies of the Greek Sovereign Debt Problem

APERGIS, Nicholas; COORAY, Arusha - London School of Economics (LSE) - 2013

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the … methodology to perform forecast tests and to calibrate the future paths of the public debt variable up to 2020. The results … suggest that only an aggressive growth policy could permit the country to achieve debt sustainability. The results are …

Persistent link: https://www.econbiz.de/10010735153

Environmental policy and the economic downturn

Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010

This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...

Persistent link: https://www.econbiz.de/10010744909

New evidence on the remedies of the Greek sovereign debt problem

Apergis, Nicholas; Cooray, Arusha - London School of Economics (LSE) - 2013

Persistent link: https://www.econbiz.de/10010745161

Fiscal discipline and the cost of public debt service: some estimates for OECD countries

Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - London School of Economics (LSE) - 2005

same shock leads to a cumulative increase of almost 150 basis points after 10 years. The effect of debt on interest rates … is non-linear: only for countries with above-average levels of debt does an increase in debt affect the interest rate …

Persistent link: https://www.econbiz.de/10010745225

A theory of countercyclical government multiplier

Michaillat, Pascal - London School of Economics (LSE) - 2012

I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional number of workers employed when one worker is hired in the public sector. Graphically, in equilibrium, an upward-sloping...

Persistent link: https://www.econbiz.de/10010745284

The origins of state capacity: property rights, taxation and politics

Besley, Timothy; Persson, Torsten - London School of Economics (LSE) - 2009

Economists generally assume that the state has sufficient institutional capacity to support markets and levy taxes. This paper develops a framework where "policy choices" in market regulation and taxation are constrained by past investments in legal and fiscal capacity. It studies the economic...

Persistent link: https://www.econbiz.de/10010745441