-off between fiscal discipline and fiscal rule flexibility, as often claimed in the context of the EU's Stability and Growth Pact …

-off between fiscal discipline and fiscal rule flexibility, as often claimed in the context of the EU's Stability and Growth Pact …

Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to …

size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous …

The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the …

turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … excessive (greater than first-best) R&D investment and output growth. …