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The "Great Lockdown" implemented in response to the COVID-19 pandemic has led to a severe world-wide economic crisis. In euro area countries, sovereign debt-to-GDP ratios are on the rise and reductions in expected fiscal surpluses raise sustainability concerns amongst investors. This paper...
Persistent link: https://www.econbiz.de/10012250617
State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion in the presence of strict fiscal rules if these only constrain the core udget. Using a...
Persistent link: https://www.econbiz.de/10014471782
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10013428121
In 2012, 22 EU countries signed the Fiscal Compact, an intergovernmental agreement aimed at backing EU fiscal rules with national arrangements. The main objective of the Compact was to strengthen compliance. Based on a survey of national independent fiscal institutions, we take a closer look at...
Persistent link: https://www.econbiz.de/10012671881
robust link between financial confidence and savings behavior. In particular, the savings of underconfident individuals are …In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing … savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as …
Persistent link: https://www.econbiz.de/10012126111
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …. -- Household saving ; Saving incentives ; Retirement ; Riester scheme ; Coarsened exact matching …
Persistent link: https://www.econbiz.de/10003952553
social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … Social Assistance, which provides a permanent universal household income oor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010530687
We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …
Persistent link: https://www.econbiz.de/10010388544
pensionreforms led to an increase in the household savings rate in Germany until about2010. As domestic investment opportunities … could not absorb these additional sav-ings, they were partly invested abroad. The German current account-to-GDP ratiorose …. After 2010, private savings remained rather stable, but opportunities to investin Germany declined further. Our simulations …
Persistent link: https://www.econbiz.de/10012256500
Research has consistently shown that women's involvement in household decision making positively affects household … outcomes such as nutrition and education of children. Is financial literacy a determinant for women to participate in intra-household … decision making? Using data on savings groups in Rwanda, we examine this relationship and show that women with higher financial …
Persistent link: https://www.econbiz.de/10012108638