-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 …

uncertainties, distributional struggles and weak world economic growth. What kind of institutional rules for the budget process are …

the Stability and Growth Pact. The steep ascent was driven by high expectations which, with the passing of time, were only …

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

inflation increases debt while the same to interest rate decreases it. Positive shocks to growth and primary surplus …

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. …