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Consistent Flexibility: Enforcement of Fiscal Rules through Political Incentives
Dotti, Valerio; Janeba, Eckhard - 2020
-off between fiscal discipline and fiscal rule flexibility, as often claimed in the context of the EU's Stability and Growth Pact …
Persistent link: https://www.econbiz.de/10012269510
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Consistent Flexibility : Enforcement of Fiscal Rules Through Political Incentives
Dotti, Valerio - 2020
-off between fiscal discipline and fiscal rule flexibility, as often claimed in the context of the EU's Stability and Growth Pact …
Persistent link: https://www.econbiz.de/10012827666
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Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...
Persistent link: https://www.econbiz.de/10000683878
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EMU and fiscal discipline: the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10013428171
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Macroeconomic Policy Lessons for Greece from the Debt Crisis
Economides, George; Papageorgiou, Dimitris; … - 2020
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …
Persistent link: https://www.econbiz.de/10012207953
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Unemployment, Growth and Speed of Transition in China
Fidrmuc, Jan; Huang, Shuo - 2013
We investigate the relationship between unemployment and growth in China. We find considerable differences in the …
Persistent link: https://www.econbiz.de/10010323010
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Optimal management with potential regime shifts
Polasky, Stephen; de Zeeuw, Aart; Wagener, Florian - 2010
We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …
Persistent link: https://www.econbiz.de/10010274863
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Legal institutions, innovation and growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - 2011
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. …
Persistent link: https://www.econbiz.de/10010274865
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What are the determinants of fuel subsidies in Asia-Pacific Economic Cooperation countries?
Foo, Nam; Hooi Hooi Lean; Salim, Ruhul A. - 2020
Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully acknowledged by many energy economists; however, the total subsidy level remains high. This is because energy subsidies are often closely related to the political economy viewpoint. Moreover, the...
Persistent link: https://www.econbiz.de/10012289909
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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022
This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...
Persistent link: https://www.econbiz.de/10014080051