Similar Search Results

From fossil fuels to renewables : the role of electricity storage

Lazkano, Itziar; Nøstbakken, Linda; Pelli, Martino - 2016

We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better electricity storage solutions, which affect not only the relative competitiveness...

Persistent link: https://www.econbiz.de/10011497793

How to handle the crisis in Greece? : empirical evidence based on a survey of economics experts

Potrafke, Niklas; Reischmann, Markus Josef - 2016

We asked experts from 113 countries polled by the CESifo World Economic Survey for their opinions on how to handle the …

Persistent link: https://www.econbiz.de/10011452844

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - 2016

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...

Persistent link: https://www.econbiz.de/10011474674

How to handle the fiscal crisis in Greece? : empirical evidence based on a survey of economic experts

Mosler, Martin; Potrafke, Niklas; Reischmann, Markus Josef - 2019

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …

Persistent link: https://www.econbiz.de/10012050691

What explains sovereign debt litigation

Schumacher, Julian; Trebesch, Christoph; Enderlein, Henrik - 2015

We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly increased over the past decades, but there is a large variation across crisis events. Why are some defaults followed by a "run to the...

Persistent link: https://www.econbiz.de/10010512583

Essays on pensions and fiscal sustainability

Vieira, Filipe António Eslau Bonito - 2019 - 1st edition

This thesis is a volume comprised of four independent chapters: The overarching topic of the thesis is pensions and fiscal sustainability. An overriding problematic throughout the different chapters is that of demographic ageing. This ageing process, in the form of higher longevity and lower...

Persistent link: https://www.econbiz.de/10012166906

Fiscal sustainability in the EU after the global crisis : is there any progress?

Wysocki, Maciej; Wójcik, Cezary - 2018

sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which is an … fiscal sustainability in Poland has significantly improved in the post-crisis period of 2009-2017: we detect both improvement … 2014 Q1. The case of Poland seems to suggest that the post-crisis EU fiscal measures can be effectively used to increase …

Persistent link: https://www.econbiz.de/10011900847

Identifying global and national output and fiscal policy shocks using a GVAR

Chudik, Alexander; Pesaran, M. Hashem; Mohaddes, Kamiar - 2019

The paper contributes to the growing global VAR (GVAR) literature by showing how global and national shocks can be identified within a GVAR framework. The usefulness of the proposed approach is illustrated in an application to the analysis of the interactions between public debt and real output...

Persistent link: https://www.econbiz.de/10011956353

Self-fulfilling crises in the Eurozone : an empirical test

De Grauwe, Paul; Ji, Yuemei - 2012

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries in the Eurozone during...

Persistent link: https://www.econbiz.de/10009540108

The Greek crisis : causes and consequences

Pascual, Antonio I. Garcia; Ghezzi, Piero - 2011

Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster than GDP. Fiscal consolidation alone cannot close the solvency gap. A substantial reduction in the stock of debt is needed. Even post-debt restructuring, there is no guarantee...

Persistent link: https://www.econbiz.de/10009387266