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The risk premium, exchange rate expectations, and the forward exchange rate: Estimates for the Yen-Dollar rate

Landon, Stuart; Smith, Constance - Volkswirtschaftliche Fakultät, … - 1999

The forward rate is often used as the market's prediction of the future spot exchange rate even though the hypothesis that the forward rate is an unbiased predictor of the future spot rate has been rejected in a large number of empirical studies using data for different countries and time...

Persistent link: https://www.econbiz.de/10005621817

A non-parametric investigation of risk premia

Peroni, Chiara - Volkswirtschaftliche Fakultät, … - 2008

This paper studies determinants of risk premia using a non-parametric term-structure model of the corporate spread. The model, which measures the extra return of defaultable corporate bonds on their government counterparts, involves the rate of inflation, a key macroeconomic variable that is...

Persistent link: https://www.econbiz.de/10005105672

An assessment of debt sustainability in scenario of Pakistan’s debt burden

Ejaz, Khurram; Javid, Attiya Yasmin - Volkswirtschaftliche Fakultät, … - 2011

The objective of the study is to assess and analyze sustainability of overall public debt and sustainability of … sustainability through interest rate and growth rate differential and level of primary budget balance while external debt … sustainability is assessed through interest rate on debt and growth rate of exports differential and current account balance. The …

Persistent link: https://www.econbiz.de/10011259292

The Study of Public Debt. Which Are the Distinctions between the Emerging and Advanced Economies in the European Union?

Stoian, Andreea; Iorgulescu, Filip - Volkswirtschaftliche Fakultät, … - 2015

The aim of our paper is to provide a comprehensive study of public debt in various aspects across the European Union,emphasizing the existing distinctions between the emerging and advanced economies in Europe. Using annual data ranging from 1995 to 2013 we develop investigation manifold....

Persistent link: https://www.econbiz.de/10011262755

La Financiación del Déficit del Gobierno Central: Sus Costos Económicos y la Independencia Del Banco Central en Colombia desde 1991. 

Parada, Jairo; Albor, Cristina - Volkswirtschaftliche Fakultät, … - 2011

Since 1991, public finance of the Colombian Central Government reveals an explosive pattern in the burden in terms of GDP of interest payments of public debt, reaching levels over 4%. This behavior is deeply connected with a debt financing public policy based on issuing public debt in the...

Persistent link: https://www.econbiz.de/10011258448

The Impact of Growing Public Debt on Economic Growth in the European Union

Mencinger, Jernej; Aristovnik, Aleksander; Verbic, Miroslav - Volkswirtschaftliche Fakultät, … - 2014

The paper attempts to empirically explore the transmission mechanism regarding the short-term impact of public debt and growth. We examine and evaluate the direct effect of higher indebtedness on economic growth for countries in the EU which are in the epicentre of the current sovereign debt...

Persistent link: https://www.econbiz.de/10011259697

Public debt, fiscal decisions and political power

Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2014

The present paper treats the issue of economic foundations, on which political power rests, and the specific problem of public debt in the developed countries. Starting from the general question: “Why do rich governments borrow so much?” the paper develops a model of political power based on...

Persistent link: https://www.econbiz.de/10011113427

Fiscal Theory of Price Level

Daly, Hounaida; Smida, Mounir - Volkswirtschaftliche Fakultät, … - 2014

Lack of coordination between the monetary and fiscal authorities will result in inferior overall economic performance. This paper studies the interactions between monetary and fiscal policies and its effect on the economic performance by using al cointegration tests in the case of Euro Area....

Persistent link: https://www.econbiz.de/10011114139

Fiscal Policy and Public Debt Dynamics in Italy

Piergallini, Alessandro; Postigliola, Michele - Volkswirtschaftliche Fakultät, … - 2011

makers have reacted to the accumulation of debt, taking corrective measures to rule out potential long-term sustainability …

Persistent link: https://www.econbiz.de/10008805897

High public debt in the euro area: still a fact

Stoian, Andreea; Alves, Rui Henrique - Volkswirtschaftliche Fakultät, … - 2014

for fiscal sustainability and on implications for national and European fiscal policies. …

Persistent link: https://www.econbiz.de/10011262861