Similar Search Results

The rationality behind immigration preferences

Dalen, Hendrik P. van; Henkens, Kène - 2004

Persistent link: https://www.econbiz.de/10001884044

Default risk premia on government bonds in a quantitative macroeconomic model

Jüßen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009

This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...

Persistent link: https://www.econbiz.de/10011379436

Growth effects of fiscal policies : a comparative analysis in a multi-country context

Brons, Martijn; Groot, Henri L. F. de; Nijkamp, Peter - 1999

The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...

Persistent link: https://www.econbiz.de/10011301152

Financial fragility, sovereign default risk and the limits to commercial bank bail-outs

Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2013

We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our model balance sheet constrained financial intermediaries finance both capital expenditure of intermediate goods producers and government deficits. The financial intermediaries face...

Persistent link: https://www.econbiz.de/10010224776

Financial fragility and the fiscal multiplier

Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2014

We investigate the effectiveness of "Keynesian" fiscal stimuli when government deficits and debt rollovers are (possibly partially) financed by balance sheet constrained financial intermediaries. Because financial intermediaries operate under a leverage constraint, deficit financing of fiscal...

Persistent link: https://www.econbiz.de/10010226967

The effect of immigration on native earnings

Zorlu, Aslan; Hartog, Joop - 2000

low skillednatives. Secondly, the effect of an immigration flow by 5% of the total labourforce on native earnings … isexamined along three scenarios using a general equilibrium model. It is foundthat immigration has a largenegative effect on the … skilled than natives. In the case thatimmigration flow is mainlycomposed of high skilled workers, immigration has a relative …

Persistent link: https://www.econbiz.de/10011303323