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In this paper targets, institutions and policy measures for describing and implementing sustainable development are evaluated in terms of their conformity with the economic framework of a market system. Firstly, from the viewpoint of neo-liberal economic thinking as conceived by the German...
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Ideally a new reform of the EU trade regime for bananas (COMB) should be equipped in a way that it makes a long … introduce an innovative model - auctioning producers' offers in the EU. Issues concerning the auction design and its GATT …, the EU should also introduce - in addition to an auction of producers' offers - social and ecological labels in the banana …
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The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10009764994
The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for such a...
Persistent link: https://www.econbiz.de/10009748386
We provide a first attempt to include off-balance sheet, implicit insurance to SIFIs into a consistent assessment of fiscal sustainability, for 27 countries of the European Union. We first calculate tax gaps à la Blanchard (1990) and Blanchard et al. (1990). We then introduce two alternative...
Persistent link: https://www.econbiz.de/10009659351