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Relative price changes of ecosystem services : evidence from Germany

Heckenhahn, Jonas; Drupp, Moritz A. - 2022

Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...

Persistent link: https://www.econbiz.de/10013168021

Green national accounting for welfare and sustainability : a taxonomy of assumptions and results

Asheim, Geir B. - 2002

This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …

Persistent link: https://www.econbiz.de/10011514087

To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

Persistent link: https://www.econbiz.de/10012938962

The circular economy

Fullerton, Don - 2024

Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...

Persistent link: https://www.econbiz.de/10014529224

What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

Afonso, António (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003641707

Political stability and fiscal policy : time series evidence for the Swiss federal level since 1849

Feld, Lars P.; Schaltegger, Christoph A. - 2009

This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...

Persistent link: https://www.econbiz.de/10003854439

Ageing and the welfare state : securing sustainability

Meier, Volker; Werding, Martin - 2010

with these issues. Still, some countries have made substantial progress in securing the long-term sustainability of their … ; welfare state ; public expenditure ; fiscal sustainability ; policy reforms …

Persistent link: https://www.econbiz.de/10003928767

Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint

Legrenzi, Gabriella Deborah; Milas, Costas - 2010

We apply non-linear error-correction models to the empirical testing of the sustainability of the government … tax rate adjusts faster the farther away it is from the equilibrium. -- intertemporal budget constraint ; sustainability …

Persistent link: https://www.econbiz.de/10003936661

The economic consequences of rising US government debt: privileges at risk

Bohn, Henning - 2010

The rapidly growing federal government debt has become a concern for policy makers and the public. Yet the U.S. government has seemingly unbounded access to credit at low interest rates. Historically, Treasury yields have been below the growth rate of the economy. The paper examines the...

Persistent link: https://www.econbiz.de/10003974641

Fiscal adjustment and the costs of public debt service : evidence from OECD countries

Schaltegger, Christoph A.; Weder, Martin - 2010

, composition and in their success to re-establish fiscal sustainability. Controlling for various economic, fiscal and political …

Persistent link: https://www.econbiz.de/10008807633