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The paper develops a forward-looking comprehensive accounting framework for the public sector. By integrating the public sector budget constraint forward in time the government's present value budget constraint (PVBC) is obtained. In addition to the familiar financial assets and liabilities,...
Persistent link: https://www.econbiz.de/10005789062
If a nation fails to satisfy its intertemporal budget constraint (IBC) then, like a government or a household, either it will become insolvent or it can consume more of its income. The main purpose of this paper is to establish necessary and sufficient conditions for a nation to satisfy its IBC,...
Persistent link: https://www.econbiz.de/10005666888
This paper evaluates the contribution of seigniorage and implicit taxation of financial intermediation to the financing of the budget deficits in Spain and Portugal during the 1980s. The paper starts with a simple partial equilibrium model of the banking sector, which is used to derive two sets...
Persistent link: https://www.econbiz.de/10005791722
In this paper, the authors describe a simulation model for analyzing the effects of macroeconomic policies in the OECD on global macroeconomic equilibrium. Particular attention is paid to the effects on developing countries of alternative mixes of monetary and fiscal policies in the OECD. Though...
Persistent link: https://www.econbiz.de/10005281352
and land conflict on the frontiers of Australia, the U.S. and Brazil. We are particularly interested in examining the … emergence of demand driven de facto property rights arrangements was relatively peaceful in Australia and the U.S. where …
Persistent link: https://www.econbiz.de/10004966281
This study examines changes in earnings inequality for full-time employees in Australia between 1982 and 1994-95 using …
Persistent link: https://www.econbiz.de/10004968001
skilled immigration visas to Australia. …
Persistent link: https://www.econbiz.de/10004968011
countries – Australia, Britain, Germany and the United States – and estimate measures of permanent income inequality that are … annual post-government income inequality across countries, the ranking was the US, Australia, Britain, Germany; (3) comparing … recent year was the US, Australia, Germany, Britain; (4) in the most recent year, the most mobile country was Australia …
Persistent link: https://www.econbiz.de/10008511760
According to the 1911 Census, the proportion female of those receiving university education was around 22%, growing to 29% in 1921. By 1952 it had dropped to under 20%, due to easy access into universities for returning war-veterans. From the early 1950s, the university-educated gender gap began...
Persistent link: https://www.econbiz.de/10008490574
With the defeat of the federal Labor Government and the consequent end of the Accord, it has almost become the received wisdom to attribute to the Accord the blame for the decline in union membership and union density during the 1980s and the 1990s. The decline in union density has arisen not...
Persistent link: https://www.econbiz.de/10004970074