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Boost investment is the ultimate goal of every company. There are many strategies to achieving this goal. Indeed, each company imposes a duty to promote efficient investment. In this perspective, many contractors see that the financial autonomy is the solely or principally option for enhancing...
Persistent link: https://www.econbiz.de/10011266114
debt servicing might become less predictable. …
Persistent link: https://www.econbiz.de/10011114264
This dissertation contributes to an increasing literature on macroeconomic instability in developing countries. It makes a critical review of the literature and classifies the sources of instability under exogenous and endogenous factors. It then argues that the impact of exogenous shocks is...
Persistent link: https://www.econbiz.de/10011258259
The paper builds on the Goodwin (1967) model which describes the distributive cycle of capitalist economies whereby mass unemployment is generated periodically through the conflict about income distribution between capital and labor. We add to this model a segmented labor market structure with...
Persistent link: https://www.econbiz.de/10011201280
The recent sovereign debt and subprime crises affected the world economy and highlighted the role and importance of …
Persistent link: https://www.econbiz.de/10011108379
”: they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams …
Persistent link: https://www.econbiz.de/10009493831
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10010611949
; with government revenues dragged down, fiscal deficits worsen; deficits lead to debt; as debt piles up rating downgrades …
Persistent link: https://www.econbiz.de/10005260146
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10011210873
This note identifies a severe mistake in my article “Unexpected Consequences of Ricardian Expectations” that appeard in this journal in the July 2013 issue.
Persistent link: https://www.econbiz.de/10011210881